Canaccord's Paul Morgan reiterated Sabra Health Care REIT (NASDAQ: SBRA)'s Hold rating with a price target of $23.
Sabra announced Tuesday it will sell its Forest Park Dallas, which Morgan praised. "Sabra has been working on realizing its "Texit" for months, and today's announcement that the sale of Forest Park Medical Center Dallas is a welcome positive," stated the analyst. This will mark a "full exit" from Sabra's struggling Texas hospital investments by midyear.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
The Canaccord analyst is happy to see the company shifting its focus on the Sabra's "$200 million senior housing acquisition pipeline."
Due to the beneficial shift, the analyst raised 2017 EBITDA estimates from $225.0 million to $227.10 million.