Sabra Health Care REIT Inc (NASDAQ:SBRA) target price raised to $28.00, reported today by Zacks Investment Research
- Updated: October 5, 2016
Sabra Health Care REIT Inc (NASDAQ:SBRA) had its target bumped up to $28.00 by Zacks Investment Research in a report issued 10/05/2016. The updated target price indicates a possible upside of 0.11% based on the company's most recent stock price close.
Boasting a price of $25.18, Sabra Health Care REIT Inc (NASDAQ:SBRA) traded -4.39% lower on the day. With the last stock price close up 6.65% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Sabra Health Care REIT Inc has recorded a 50-day average of $24.71 and a two hundred day average of $22.28. Volume of trade was down over the average, with 483,268 shares of SBRA changing hands under the typical 551,798
With a total market value of $0, Sabra Health Care REIT Inc has price-earnings ratio of 28.39 with a one year low of $14.92 and a one year high of $26.40 .
A total of 10 equity analysts have released a ratings update on SBRA. zero equity analysts rating the company a strong buy, one equity analyst rating the company a buy, ten equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $23.35.
Brief Synopsis About Sabra Health Care REIT Inc (NASDAQ:SBRA)
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. Its investment portfolio includes approximately 180 real estate properties held for investment, including over 100 skilled nursing/transitional care facilities, over 80 senior housing facilities and over two acute care hospitals; approximately 20 investments in loans receivable, including over eight mortgage loans, approximately three construction loans, over two mezzanine loans and approximately three pre-development loans, and over 10 preferred equity investments. Its portfolio includes various healthcare facilities, such as skilled nursing/transitional care facilities; senior housing, and acute care hospital.
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