Economy

Sabra Healthcare REIT, Inc. - 7 (NASDAQ:SBRAP) Sees Significantly Lower Trading Volume

Zacks Investment Research lowered Sabra Healthcare REIT from a hold rating to a sell rating in a research report on Thursday, June 8th. On Monday, November 2 the stock rating was downgraded by RBC Capital Markets to "Underperform". Recently, investment analysts covering the stock have updated the mean rating to 2.8. The rating was maintained by Mizuho with "Buy" on Thursday, November 12.

Advantus Capital Management Inc decreased Pattern Energy Group Inc (NASDAQ:PEGI) stake by 43,319 shares to 35,116 valued at $667,000 in 2016Q4. Schwab Charles Invest Management holds 560,027 shares or 0.01% of its portfolio. (NASDAQ:SBRA) issued an update on its FY17 earnings guidance on Thursday morning. (NASDAQ:SBRA). This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. Therefore 44% are positive. LKQ had 15 analyst reports since January 15, 2016 according to SRatingsIntel. The firm earned "Underperform" rating on Tuesday, October 13 by Bank of America. The firm has "Buy" rating by Jefferies given on Thursday, July 6. On Tuesday, September 29 the stock rating was initiated by Susquehanna with "Neutral".

Sabra Healthcare REIT pays an annual dividend of $1.44 per share and has a dividend yield of 6.5%. Sumitomo Mitsui Trust Holdings Inc. owned about 0.10% of Sabra Healthcare REIT worth $1,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC). It dived, as 48 investors sold LKQ shares while 171 reduced holdings. The active investment managers in our partner's database now hold: 61.20 million shares, up from 59.49 million shares in 2016Q3. Moreover, Forward Management Llc has 1.97% invested in the company for 1.16 million shares. Strs Ohio reported 895,316 shares. State Of Tennessee Treasury Department holds 52,026 shares. Blackrock Limited Com invested in 0% or 81,342 shares. The United Kingdom-based Kames Cap Public Ltd Company has invested 0% in LKQ Corporation (NASDAQ:LKQ). Automobile Association invested in 99,855 shares or 0.01% of the stock.

Investors sentiment increased to 1.81 in Q4 2016. Its up 0.55, from 1.26 in 2016Q3.

The consensus analysts recommendation at this point stands at 2.80 on Sabra Health Care REIT, Inc.

Sabra Healthcare REIT (NASDAQ:SBRA) opened at 22.34 on Friday. Blair William & Co Il owns 27,318 shares for 0.01% of their portfolio. 18,503 are owned by Macquarie Grp Limited. Stifel Nicolaus downgraded Sabra Health Care REIT Inc (NASDAQ:SBRA) on Monday, November 16 to "Hold" rating. Cantor Fitzgerald also issued estimates for Sabra Healthcare REIT's FY2017 earnings at $2.27 EPS and FY2018 earnings at $2.31 EPS. Tci Wealth accumulated 64 shares. New Mexico Educational Retirement Board holds 9,300 shares. The Connecticut-based Gilman Hill Asset Management Llc has invested 1.77% in the stock. 2,352 are held by Ls Inv Advsrs Ltd.

Taking into account that full $33.5 million rent reduction, Sabra expects skilled nursing/transitional care lease coverage to improve from 1.31x to 1.47x, excluding properties operated by Genesis HealthCare (NYSE: GEN) and those with significant corporate guarantees.

Short traders are feeling a little more bearish on shares of Sabra Healthcare REIT, Inc. of late if you consider the change in short interest.

Year to date Sabra Health Care REIT, Inc. JMP Securities raised shares of Sabra Healthcare REIT from a "market perform" rating to an "outperform" rating and set a $23.00 price objective for the company in a report on Tuesday. The Company, through its subsidiaries, owns and invests in real estate serving the healthcare industry. It has a 19.19 P/E ratio. The Company's segment includes investments in healthcare-related real estate properties.

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