Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Receives $18.71 Average Price Target from Analysts

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) have been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $18.71.

Several analysts recently weighed in on SBRA shares. Truist Financial raised their target price on shares of Sabra Health Care REIT from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Wells Fargo & Company raised shares of Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $16.00 to $20.00 in a research report on Tuesday, October 1st. Scotiabank increased their target price on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. Finally, Citigroup upgraded Sabra Health Care REIT from a “neutral” rating to a “buy” rating and raised their price target for the company from $17.00 to $20.00 in a research note on Friday, September 13th.

Sabra Health Care REIT Stock Up 0.3 %

Sabra Health Care REIT stock opened at $18.41 on Tuesday. The firm has a market capitalization of $4.36 billion, a P/E ratio of 44.90, a P/E/G ratio of 2.30 and a beta of 1.25. The stock’s fifty day simple moving average is $18.64 and its 200-day simple moving average is $16.69. Sabra Health Care REIT has a twelve month low of $12.83 and a twelve month high of $20.03. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.90.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.22). The company had revenue of $178.00 million for the quarter, compared to analysts’ expectations of $177.19 million. Sabra Health Care REIT had a return on equity of 3.51% and a net margin of 14.20%. During the same quarter last year, the company earned $0.34 EPS. As a group, equities analysts expect that Sabra Health Care REIT will post 1.39 earnings per share for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.20 annualized dividend and a yield of 6.52%. Sabra Health Care REIT’s dividend payout ratio is currently 292.69%.

Hedge Funds Weigh In On Sabra Health Care REIT

Several large investors have recently bought and sold shares of the stock. Family Firm Inc. acquired a new stake in shares of Sabra Health Care REIT during the second quarter worth about $26,000. Quarry LP acquired a new position in Sabra Health Care REIT during the third quarter worth approximately $30,000. Assetmark Inc. lifted its stake in Sabra Health Care REIT by 168.4% in the third quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 1,231 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Sabra Health Care REIT by 40.0% in the second quarter. GAMMA Investing LLC now owns 3,682 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 1,052 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Sabra Health Care REIT during the third quarter worth approximately $78,000. Institutional investors and hedge funds own 99.40% of the company’s stock.

About Sabra Health Care REIT

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.