Sabra Health Care REIT, Inc. (SBRA)’s Stock Is Sell After Achieving 1 Year Low

January 18, 2018 - By Linda Rogers

Investors sentiment increased to 5.24 in 2017 Q3. Its up 3.43, from 1.81 in 2017Q2. It is positive, as 26 investors sold Sabra Health Care REIT, Inc. shares while 23 reduced holdings. 133 funds opened positions while 124 raised stakes. 297.15 million shares or 307.35% more from 72.95 million shares in 2017Q2 were reported.
Navellier Assocs accumulated 0.07% or 17,125 shares. Great West Life Assurance Can invested in 0.01% or 121,340 shares. Hudock Group Incorporated Ltd Co, Pennsylvania-based fund reported 200 shares. Teacher Retirement System Of Texas holds 0% or 13,237 shares in its portfolio. Liberty Mutual Asset Mngmt owns 24,689 shares or 0.03% of their US portfolio. Credit Agricole S A reported 170,142 shares. Hanson Doremus accumulated 76 shares. Geode Management Limited Company has 1.45M shares for 0.01% of their portfolio. Smith Graham & Advsrs Ltd Partnership reported 374,502 shares. California Public Employees Retirement Sys, California-based fund reported 337,869 shares. Teachers Retirement Systems Of The State Of Kentucky holds 0.01% or 41,629 shares in its portfolio. Public Employees Retirement Association Of Colorado has 38,379 shares. Ameriprise Fincl Inc reported 1.33M shares stake. Nomura Asset Management stated it has 92,057 shares. Kestrel Investment Mngmt has invested 2.58% in Sabra Health Care REIT, Inc. (NASDAQ:SBRA).

The stock of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) hit a new 52-week low and has $16.43 target or 8.00 % below today’s $17.86 share price. The 8 months bearish chart indicates high risk for the $3.18B company. The 1-year low was reported on Jan, 18 by Barchart.com. If the $16.43 price target is reached, the company will be worth $254.64M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 0.39% or $0.07 during the last trading session, reaching $17.86. About 1.06 million shares traded. Sabra Health Care REIT, Inc. (NASDAQ:SBRA) has risen 23.68% since January 18, 2017 and is uptrending. It has outperformed by 6.98% the S&P500.

Analysts await Sabra Health Care REIT, Inc. (NASDAQ:SBRA) to report earnings on February, 28. They expect $0.67 earnings per share, up 8.06 % or $0.05 from last year’s $0.62 per share. SBRA’s profit will be $119.41 million for 6.66 P/E if the $0.67 EPS becomes a reality. After $0.60 actual earnings per share reported by Sabra Health Care REIT, Inc. for the previous quarter, Wall Street now forecasts 11.67 % EPS growth.

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Ratings Coverage

Among 14 analysts covering Sabra Health Care REIT (NASDAQ:SBRA), 6 have Buy rating, 2 Sell and 6 Hold. Therefore 43% are positive. Sabra Health Care REIT had 45 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies downgraded the shares of SBRA in report on Thursday, December 21 to “Hold” rating. Barclays Capital maintained it with “Overweight” rating and $24 target in Wednesday, November 11 report. SunTrust downgraded the stock to “Neutral” rating in Wednesday, November 11 report. JMP Securities upgraded Sabra Health Care REIT, Inc. (NASDAQ:SBRA) on Tuesday, September 5 to “Outperform” rating. Suntrust Robinson downgraded the stock to “Neutral” rating in Wednesday, November 11 report. The firm has “Hold” rating given on Friday, July 7 by Jefferies. The stock of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) earned “Market Underperform” rating by JMP Securities on Thursday, August 27. The firm has “Underperform” rating given on Friday, September 8 by Bank of America. FBR Capital maintained Sabra Health Care REIT, Inc. (NASDAQ:SBRA) on Tuesday, November 10 with “Outperform” rating. RBC Capital Markets downgraded the stock to “Underperform” rating in Monday, November 2 report.

More notable recent Sabra Health Care REIT, Inc. (NASDAQ:SBRA) news were published by: Seekingalpha.com which released: “Sabra Healthcare Q3: Dividend Hike And Focus On Quality” on November 02, 2017, also Globenewswire.com with their article: “Sabra and Care Capital Properties Complete Merger” published on August 17, 2017, Seekingalpha.com published: “Buy Sabra Health 3.0” on September 29, 2017. More interesting news about Sabra Health Care REIT, Inc. (NASDAQ:SBRA) were released by: Globenewswire.com and their article: “Sabra Health Care REIT, Inc. to Participate in the Stifel Seniors Housing …” published on January 17, 2018 as well as Prnewswire.com‘s news article titled: “REIT Stocks on Investors’ Radar — Sabra Health Care REIT, Senior Housing …” with publication date: November 16, 2017.

Sabra Health Care REIT, Inc. operates as a real estate investment trust in the United States. The company has market cap of $3.18 billion. The company, through its subsidiaries, owns and invests in real estate properties for the healthcare industry. It has a 20.53 P/E ratio. The Company’s property portfolio consists of 86 properties comprising 67 skilled nursing facilities; 10 combined skilled nursing, assisted living, and independent living facilities; 5 assisted living facilities; 2 mental health facilities; 1 independent living facility; and 1 continuing care retirement community.

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