Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Given Average Recommendation of “Moderate Buy” by Brokerages

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) has been given a consensus recommendation of “Moderate Buy” by the ten analysts that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $17.30.

A number of analysts recently issued reports on the company. Truist Financial increased their price objective on Sabra Health Care REIT from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Citigroup upgraded Sabra Health Care REIT from a “neutral” rating to a “buy” rating and increased their price objective for the company from $17.00 to $20.00 in a research report on Friday, September 13th. Finally, Scotiabank raised their price target on Sabra Health Care REIT from $15.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th.

Institutional Investors Weigh In On Sabra Health Care REIT

Hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Asset Management L.P. boosted its position in shares of Sabra Health Care REIT by 152.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,732,274 shares of the real estate investment trust’s stock worth $26,677,000 after purchasing an additional 1,046,748 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Sabra Health Care REIT in the 2nd quarter valued at about $12,972,000. Vanguard Group Inc. increased its stake in shares of Sabra Health Care REIT by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 34,972,611 shares of the real estate investment trust’s stock valued at $516,545,000 after purchasing an additional 838,654 shares in the last quarter. APG Asset Management US Inc. increased its stake in Sabra Health Care REIT by 28.9% during the 2nd quarter. APG Asset Management US Inc. now owns 2,562,962 shares of the real estate investment trust’s stock worth $39,495,000 after buying an additional 575,000 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Sabra Health Care REIT by 77.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,287,279 shares of the real estate investment trust’s stock worth $19,824,000 after buying an additional 559,800 shares in the last quarter. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Sabra Health Care REIT Stock Performance

NASDAQ:SBRA opened at $18.44 on Monday. The stock has a market cap of $4.32 billion, a P/E ratio of 92.20, a price-to-earnings-growth ratio of 2.72 and a beta of 1.26. The company has a current ratio of 4.27, a quick ratio of 4.27 and a debt-to-equity ratio of 0.89. The stock’s 50-day moving average is $17.14 and its 200-day moving average is $15.46. Sabra Health Care REIT has a 1-year low of $12.83 and a 1-year high of $19.32.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.24). Sabra Health Care REIT had a return on equity of 1.87% and a net margin of 7.83%. The company had revenue of $176.14 million for the quarter, compared to the consensus estimate of $166.54 million. During the same quarter last year, the company posted $0.34 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Equities research analysts anticipate that Sabra Health Care REIT will post 1.38 earnings per share for the current year.

Sabra Health Care REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were given a dividend of $0.30 per share. The ex-dividend date was Monday, August 19th. This represents a $1.20 dividend on an annualized basis and a yield of 6.51%. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 600.00%.

Sabra Health Care REIT Company Profile

As of September 30, 2023, Sabra's investment portfolio included 377 real estate properties held for investment (consisting of (i) 240 Skilled Nursing/Transitional Care facilities, (ii) 43 senior housing communities (Senior Housing – Leased), (iii) 61 senior housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing – Managed), (iv) 18 Behavioral Health facilities and (v) 15 Specialty Hospitals and Other facilities), 12 investments in loans receivable (consisting of two mortgage loans and 10 other loans), five preferred equity investments and two investments in unconsolidated joint ventures.