Sabra Health Care REIT (NASDAQ:SBRA) Target Raised by Citigroup Inc to $14.00

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Sabra Health Care REIT stock has undergone multiple analysts rating changes in the recent past.  Sabra Health Care REIT stock Target Raised by   Citigroup Inc on 7/2/2020. In a note to investors, the firm issued a new target price of $14.00. The analysts previously had $10.00 target price. Citigroup Inc’s price target would indicate a potential upside of -3.85% from the stock’s previous close.

Shares of Sabra Health Care REIT traded down -$0.33 on Thursday, reaching $14.23. 836207 shares of the stock traded hands, compared to its average volume of 2195863. Shares of Sabra Health Care REIT were trading at $14.23 on Thursday at close. The firm’s 50 day moving average is $$13.63 and its 200 day moving average is $18.19.Sabra Health Care REIT  has a 12 month low of $14.17 and a 12 month high of $24.95. While on yearly highs and lows, Sabra Health Care REIT today has traded high as $15.05 and has touched $14.17 on the downward trend.

Sabra Health Care REIT Earnings and What to expect: 

Sabra Health Care REIT last released its earnings results on May 6th, 2020. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.44 by $0.27. The company had revenue of $149.35 million for the quarter, compared to analyst estimates of $154.28 million. Sabra Health Care REIT has generated $1.86 earnings per share over the last year and currently has a price-to-earnings ratio of 15.0. Sabra Health Care REIT has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, August 5th, 2020 based off prior year’s report dates.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 1.20%
  • On 3/16/2020 Director Michael J. Foster Buy 3,200 at average share price of $7.75 which equates to $24,800.00 in money value.
  • On 3/6/2020 Director Robert A. Ettl Sell 10,545 at average price of  $18.39 with total value of : Not Data Available
  • On 11/4/2019 CEO Richard K. Matros Sell 113,000 at average price of  $24.05 with total value of : $2,717,650.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Sabra Health Care REIT

  • 6/23/2020 – Sabra Health Care REIT was upgraded by analysts at Scotiabank from a “sector underperform” rating to a “sector perform” rating. They now have a $15.00 price target on the stock, up previously from $12.00. (View)
  • 6/22/2020 – Sabra Health Care REIT had its price target raised by analysts at Wells Fargo & Co from $13.00 to $14.00. They now have an “equal weight” rating on the stock. (View)
  • 6/8/2020 – Sabra Health Care REIT is now covered by analysts at JMP Securities. They set a “market perform” rating on the stock. (View)
  • 5/26/2020 – Sabra Health Care REIT was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. (View)
  • See More Analyst Rating at: RATING

Other rating updates by Citigroup Inc: 

  • 7/3/2020 – SSP Group had its “buy” rating re-affirmed by analysts at Citigroup Inc. They now have a GBX 335 price target on the stock. (View)
  • 7/2/2020 – OTCMKTS:PROSY had its “buy” rating re-affirmed by analysts at Citigroup Inc. (View)
  • 7/2/2020 – Agree Realty had its price target raised by analysts at Citigroup Inc from $70.00 to $76.00. They now have a “buy” rating on the stock. (View)
  • 7/2/2020 – Regency Centers had its price target raised by analysts at Citigroup Inc from $38.00 to $46.00. They now have a “neutral” rating on the stock. (View)
  • See More Analyst Rating at: RATING

Sabra Health Care REIT (NASDAQ:SBRA) Moving Average Technical Analysis

5 day Moving Average is $$14.31 And 5 day price change is $0.42 (3.04%)  with average volume for 5 day average is 1,860,240. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $14.86 and 20 day price change is -$1.36 (-8.69%) and average 20 day moving volume is 2,204,250. 50 day moving average is $13.63  and 50 day price change is $2.25 ( 18.78%)  and with average volume for 50 days is : 2,205,310. 200 day moving average is $18.19  and 200 day price change is -$8.57 (-37.59%)  and with average volume for 200 days is : 2,319,187.

See More Analyst Rating at: RATING