Jefferies Downgrades Sabra Healthcare REIT Inc. (SBRA) to Hold

April 24, 2013 7:13 AM EDT
Get Alerts SBRA Hot Sheet
Price: $25.95 +1.45%

Rating Summary:
    7 Buy, 10 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Jefferies downgraded Sabra Healthcare REIT Inc. (NASDAQ: SBRA) from Buy to Hold with a price target of $32.00.

The analyst comments, "SBRA has had an incredible run with the stock up 250% since late 2011, but we believe now is the time to take some chips off the table. As such, we lower our rating to Hold given: 1) valuation is reflective of diversification efforts, and 2) potential cuts to FY14 Medicare reimbursement could be an overhang. That said, we are still positive on SBRA long-term but expect performance over the next 12-months to moderate."

For an analyst ratings summary and ratings history on Sabra Healthcare REIT Inc. click here. For more ratings news on Sabra Healthcare REIT Inc. click here.

Shares of Sabra Healthcare REIT Inc. closed at $30.70 yesterday.

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