Sabra Healthcare REIT Inc. (NASDAQ:SBRA)’s share price shot up 3% during trading on Monday . The stock traded as high as $22.72 and last traded at $22.70, with a volume of 488,579 shares changing hands. The stock had previously closed at $22.04.

Several brokerages recently commented on SBRA. Citigroup Inc. decreased their price objective on shares of Sabra Healthcare REIT from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Thursday, July 7th. Canaccord Genuity reissued a “hold” rating on shares of Sabra Healthcare REIT in a research report on Monday, May 2nd. Cantor Fitzgerald started coverage on shares of Sabra Healthcare REIT in a research report on Thursday, June 23rd. They set a “buy” rating and a $28.00 price target for the company. Zacks Investment Research raised shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Tuesday, July 5th. Finally, Mizuho lowered shares of Sabra Healthcare REIT from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $20.00 in a research report on Thursday, May 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.04.

The firm has a 50-day moving average price of $21.26 and a 200-day moving average price of $20.13. The company has a market capitalization of $1.48 billion and a P/E ratio of 42.53.

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. The firm had revenue of $62.60 million for the quarter, compared to analyst estimates of $57.50 million. During the same quarter in the previous year, the business posted $0.53 EPS. The company’s revenue was up 12.6% on a year-over-year basis. On average, equities analysts predict that Sabra Healthcare REIT Inc. will post $2.27 EPS for the current fiscal year.

In other news, Director Milton J. Walters sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $22.04, for a total transaction of $44,080.00. Following the transaction, the director now directly owns 24,055 shares in the company, valued at $530,172.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Other institutional investors have made changes to their positions in the company. Morgan Stanley raised its position in shares of Sabra Healthcare REIT by 0.9% in the fourth quarter. Morgan Stanley now owns 55,899 shares of the company’s stock worth $1,131,000 after buying an additional 495 shares during the period. SECOR Capital Advisors LP acquired a new position in shares of Sabra Healthcare REIT during the fourth quarter worth about $1,543,000. 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 period. 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 period. Finally, 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 period.

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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