Zacks Investment Research upgraded shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) from a hold rating to a buy rating in a report issued on Saturday. The firm currently has $25.00 price target on the real estate investment trust’s stock.

According to Zacks, “Sabra Health Care REIT, Inc. is a real estate investment trust that owns and invests in real estate serving the healthcare industry. The trust owns nursing homes, rehabilitation centers, assisted living facilities, and independent living centers. It leases properties to tenants and operators throughout the United States. Sabra Health Care REIT, Inc. is based in Irvine, California. “

A number of other brokerages have also weighed in on SBRA. BidaskClub raised Sabra Healthcare REIT from a sell rating to a hold rating in a report on Tuesday, June 20th. Mizuho reaffirmed a neutral rating on shares of Sabra Healthcare REIT in a report on Wednesday, June 28th. Stifel Nicolaus reaffirmed a hold rating and issued a $26.00 price objective on shares of Sabra Healthcare REIT in a report on Friday, July 28th. Bank of America Corporation lifted their price objective on Sabra Healthcare REIT from $21.00 to $22.00 and gave the company an underperform rating in a report on Friday, September 8th. Finally, ValuEngine lowered Sabra Healthcare REIT from a buy rating to a hold rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $25.00.

Sabra Healthcare REIT (SBRA) opened at 22.32 on Friday. Sabra Healthcare REIT has a 12 month low of $19.30 and a 12 month high of $29.10.

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Several large investors have recently made changes to their positions in SBRA. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Sabra Healthcare REIT by 9.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,151 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 352 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Sabra Healthcare REIT by 44.1% during the 1st quarter. Bank of Montreal Can now owns 3,893 shares of the real estate investment trust’s stock worth $109,000 after acquiring an additional 1,191 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Sabra Healthcare REIT by 15.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,900 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 800 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Sabra Healthcare REIT during the 1st quarter worth approximately $156,000. Finally, Riverhead Capital Management LLC boosted its stake in shares of Sabra Healthcare REIT by 96.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,861 shares of the real estate investment trust’s stock worth $165,000 after acquiring an additional 3,361 shares in the last quarter. 99.26% of the stock is currently owned by institutional investors and hedge funds.

Sabra Healthcare REIT Company Profile

Sabra Health Care REIT, Inc is a real estate investment trust. The Company, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company’s segment includes investments in healthcare-related real estate properties. The Company’s 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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