Shares of Sabra Healthcare REIT Inc. (NASDAQ:SBRA) saw unusually-high trading volume on Friday . Approximately 462,771 shares were traded during mid-day trading, a decline of 20% from the previous session’s volume of 579,768 shares.The stock last traded at $21.84 and had previously closed at $21.73.

SBRA has been the subject of a number of analyst reports. Canaccord Genuity restated a “hold” rating and set a $0.30 price objective on shares of Sabra Healthcare REIT in a research note on Wednesday, April 6th. Jefferies Group raised their price objective on shares of Sabra Healthcare REIT to $21.00 and gave the company a “hold” rating in a research note on Thursday, April 7th. Raymond James Financial Inc. lowered shares of Sabra Healthcare REIT from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 12th. Zacks Investment Research lowered shares of Sabra Healthcare REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, April 27th. Finally, Mizuho lowered shares of Sabra Healthcare REIT from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $25.00 to $20.00 in a research note on Thursday, May 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.04.

The stock has a 50-day moving average price of $21.19 and a 200-day moving average price of $20.12. The firm has a market cap of $1.44 billion and a P/E ratio of 41.35.

Sabra Healthcare REIT (NASDAQ:SBRA) last announced its earnings results on Monday, May 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by $0.02. During the same quarter last year, the business earned $0.53 EPS. The firm earned $62.60 million during the quarter, compared to analysts’ expectations of $57.50 million. Sabra Healthcare REIT’s quarterly revenue was up 12.6% on a year-over-year basis. On average, analysts expect that Sabra Healthcare REIT Inc. will post $2.27 EPS for the current year.

In other Sabra Healthcare REIT news, Director Milton J. Walters sold 2,000 shares of the firm’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $22.04, for a total value of $44,080.00. Following the transaction, the director now owns 24,055 shares in the company, valued at approximately $530,172.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Other hedge funds and institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System raised its position in shares of Sabra Healthcare REIT by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 120,686 shares of the company’s stock worth $2,441,000 after buying an additional 1,903 shares during the last quarter. Rhumbline Advisers raised its position in shares of Sabra Healthcare REIT by 4.7% in the fourth quarter. Rhumbline Advisers now owns 102,430 shares of the company’s stock worth $2,072,000 after buying an additional 4,565 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Sabra Healthcare REIT by 1.3% in the fourth quarter. California Public Employees Retirement System now owns 109,400 shares of the company’s stock worth $2,213,000 after buying an additional 1,400 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Sabra Healthcare REIT by 4.7% in the fourth quarter. New York State Common Retirement Fund now owns 82,967 shares of the company’s stock worth $1,678,000 after buying an additional 3,703 shares during the last quarter. Finally, Opus Capital Group LLC raised its position in shares of Sabra Healthcare REIT by 1.9% in the fourth quarter. Opus Capital Group LLC now owns 183,748 shares of the company’s stock worth $3,717,000 after buying an additional 3,377 shares during the last quarter.

Sabra Health Care REIT, Inc is a real estate investment trust. The Company owns and invests in real estate serving the healthcare industry. The Company’s segment is investments in healthcare-related real estate properties. Its primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.

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