Truist Financial Forecasts Strong Price Appreciation for Sabra Health Care REIT (NASDAQ:SBRA) Stock

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) had its price objective boosted by stock analysts at Truist Financial from $17.00 to $18.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "hold" rating on the real estate investment trust's stock. Truist Financial's price target would indicate a potential upside of 4.29% from the company's current price.

Several other research firms also recently commented on SBRA. Citizens Jmp upgraded Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Mizuho reiterated a "neutral" rating and issued a $20.00 price objective on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Finally, JMP Securities upgraded Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 price target on the stock in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $19.33.

Sabra Health Care REIT Price Performance

Shares of NASDAQ:SBRA traded down $0.07 during trading on Tuesday, reaching $17.26. 3,670,532 shares of the company traded hands, compared to its average volume of 1,981,035. The firm has a market capitalization of $4.11 billion, a PE ratio of 32.57, a PEG ratio of 1.97 and a beta of 1.27. Sabra Health Care REIT has a 52 week low of $13.31 and a 52 week high of $20.03. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88. The company's 50 day moving average is $16.79 and its two-hundred day moving average is $17.68.

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Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, meeting analysts' consensus estimates of $0.36. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The business had revenue of $182.35 million during the quarter, compared to the consensus estimate of $178.01 million. As a group, sell-side analysts predict that Sabra Health Care REIT will post 1.45 earnings per share for the current year.

Institutional Trading of Sabra Health Care REIT

Several hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its holdings in Sabra Health Care REIT by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 21,573,436 shares of the real estate investment trust's stock valued at $401,479,000 after purchasing an additional 167,069 shares during the period. Assetmark Inc. increased its stake in shares of Sabra Health Care REIT by 168.4% during the third quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,231 shares in the last quarter. Atria Investments Inc boosted its position in shares of Sabra Health Care REIT by 16.5% in the 3rd quarter. Atria Investments Inc now owns 31,663 shares of the real estate investment trust's stock worth $589,000 after purchasing an additional 4,474 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Sabra Health Care REIT by 6.5% during the third quarter. Natixis Advisors LLC now owns 28,346 shares of the real estate investment trust's stock valued at $528,000 after acquiring an additional 1,739 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Sabra Health Care REIT by 1,557.9% during the third quarter. Thrivent Financial for Lutherans now owns 927,309 shares of the real estate investment trust's stock valued at $17,258,000 after acquiring an additional 871,375 shares in the last quarter. 99.40% of the stock is owned by institutional investors.

Sabra Health Care REIT Company Profile

Sabra Health Care REIT, Inc engages in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Tustin, CA.