Sabra Healthcare REIT (SBRA) is currently trading at $17.34 as of 2025-03-24. The stock is showing signs of a potential bullish trend with a MACD crossover and rising Stochastic Oscillator. The RSI is at 52.10, indicating a neutral position, not overbought or oversold.
The Fibonacci levels suggest resistance at $17.77 (R1) and $18.15 (R2), with support at $16.51 (S1) and $16.13 (S2). The stock is currently approaching the first resistance level.
Recent analyst reports indicate a mix of Buy and Hold ratings. Bank of America and JMP Securities have Buy ratings with price targets of $21 and $20, respectively. However, KeyBanc and Truist maintain a Hold rating. The average price target is $19.67, suggesting a 13% upside.
SBRA reported strong Q4 2024 results with AFFO meeting expectations. The company projects positive growth for FY25, supported by a solid balance sheet and a P/E ratio of 38.35.
Based on the analysis, SBRA is expected to rise to $18.10 in the next trading week. The bullish technical indicators and positive analyst sentiment support this outlook.
Recommendation: Buy SBRA with a target price of $18.10.
The price of SBRA is predicted to go up -7.71%, based on the high correlation periods with LPG. The similarity of these two price pattern on the periods is 93.94%.
SBRA
LPG
Truist Securities
2025-03-18
Price Target
$17 → $18
Upside
+1.24%
JMP Securities
2025-01-07
Price Target
$20
Upside
+16.41%
Scotiabank
2024-10-11
Price Target
$17 → $18
Downside
-0.11%