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Sabra Health sharply lower early after downgrade

Nov. 02, 2015 9:48 AM ETSabra Health Care REIT, Inc. (SBRA) StockSBRABy: Stephen Alpher, SA News Editor
  • It's pretty thin volume, but Sabra Health Care REIT (SBRA -6.3%) tumbles in opening action after a downgrade to Underperform from Sector Perform at RBC Capital. The new $22 price target (from $26) compares to Friday's close of $22.68.
  • The stock has been under pressure for a good part of the year, a combination of generally tough action in REITs and more recently the bankruptcy filing of one of the company's tenants.

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