Raymond James Downgrades Sabra Health Care REIT Inc to Market Perform

Brokerage firm Raymond James Downgrades its rating on Sabra Health Care REIT Inc(NASDAQ:SBRA). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Raymond James was issued on Apr 12, 2016.

In a different note, On Feb 25, 2016, Jefferies said it Maintains its rating on Sabra Health Care REIT Inc. In the research note, the firm Lowers the price-target to $22.00 per share. The shares have been rated ‘Hold’ by the firm. On Feb 23, 2016, Barclays said it Maintains its rating on Sabra Health Care REIT Inc. In the research note, the firm Lowers the price-target to $23.00 per share. The shares have been rated ‘Overweight’ by the firm.

Sabra Health Care REIT Inc (SBRA) made into the market gainers list on Fridays trading session with the shares advancing 0.10% or 0.02 points. Due to strong positive momentum, the stock ended at $20.18, which is also near the day’s high of $20.47. The stock began the session at $20 and the volume stood at 2,31,470 shares. The 52-week high of the shares is $31.89 and the 52 week low is $14.92. The company has a current market capitalization of $1,316 M and it has 6,51,88,788 shares in outstanding.

Sabra Health Care REIT Inc(SBRA) last announced its earnings results on Feb 22, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $66.77M. Analysts had an estimated revenue of $54.98M. Earnings per share were $0.55. Analysts had estimated an EPS of $0.55.

Several Insider Transactions has been reported to the SEC. On Dec 9, 2015, Michael J Foster (director) purchased 5,000 shares at $19.86 per share price.Also, On Nov 13, 2015, Milton J Walters (director) purchased 2,500 shares at $19.80 per share price.On Nov 12, 2015, Harold W. Jr. Andrews (CFO) purchased 6,600 shares at $19.07 per share price, according to the Form-4 filing with the securities and exchange commission.

Sabra Health Care REIT Inc. (Sabra) is a self-administered self-managed real estate investment trust (REIT). Through its subsidiaries the Company owns and invests in real estate serving the healthcare industry. The Company is primarily engaged in leasing healthcare properties to tenants and operators throughout the United States. It has a diverse portfolio of healthcare investments in the United States that offers a range of services including skilled nursing/transitional care assisted and independent living mental health and acute care. The Company’s investment portfolio consists of approximately 160 real estate properties held for investment including 103 nursing/post-acute facilities 55 senior housing facilities and two acute care hospitals; over 14 investments in loans receivable including four mortgage loans three construction loans two mezzanine loans and five pre-development loans and over six preferred equity investments.

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