Sabra on an upswing

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Moody's Investors Service upgraded Sabra Health Care REIT in mid-April after the long-term care landlord posting its second-best performance in the first quarter, with a total return of 38.8%.

Moody's new ranking of Sabra, up to B1 from B2, with a stable outlook, reflected “the progress we have made in improving our credit statistics and diversifying our portfolio,” said Sabra CEO and Chairman Rick Matros.
Sabra also acquired two skilled nursing facilities in Pennsylvania for $29.9 million in a sale-leaseback transaction at the end of March.