FBR Capital Starts Sabra Healthcare REIT Inc. (SBRA) at Outperform

FBR Capital initiates coverage on Sabra Healthcare REIT Inc. (NASDAQ: SBRA) with a Outperform rating and a price target of $28.00.

Analyst Daniel Altscher commented, "The way we see it, the issues with Forest Park, particularly the Frisco asset, have been a thorn in Sabra’s side and a large overhang for the stock. In our view, an operator issue is likely hard to overcome in the near term, so we believe it is the center of attention on the name. To that end, we think management is on track to reach a resolution with Forest Park over the next several months. We view this as a significant upcoming catalyst for the stock as a way to refocus attention back to the core of what had been working right for the company, including continued diversification and working toward an investment-grade rating."

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 $23.11 yesterday.

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