Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) has received an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $19.14.

Several research firms recently commented on SBRA. Citigroup raised Sabra Health Care REIT from a “neutral” rating to a “buy” rating and increased their price target for the company from $17.00 to $20.00 in a report on Friday, September 13th. Wells Fargo & Company raised Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $16.00 to $20.00 in a report on Tuesday, October 1st. Scotiabank increased their price target 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. Truist Financial increased their price target on Sabra Health Care REIT from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $20.00 price target on shares of Sabra Health Care REIT in a report on Thursday, December 5th.

Sabra Health Care REIT Stock Performance

Shares of SBRA stock opened at $17.50 on Friday. The company has a market capitalization of $4.14 billion, a P/E ratio of 42.68, a P/E/G ratio of 2.22 and a beta of 1.24. The business’s 50 day moving average is $18.52 and its two-hundred day moving average is $17.07. 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 has a 12-month low of $12.83 and a 12-month high of $20.03.

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

Sabra Health Care REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 6.86%. Sabra Health Care REIT’s dividend payout ratio is currently 292.69%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SBRA. Family Firm Inc. purchased a new position in Sabra Health Care REIT in the second quarter valued at $26,000. Quarry LP purchased a new position in Sabra Health Care REIT in the third quarter valued at $30,000. Assetmark Inc. boosted its holdings 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 purchasing an additional 1,231 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Sabra Health Care REIT in the third quarter valued at $59,000. Finally, Harbor Capital Advisors Inc. purchased a new position in Sabra Health Care REIT in the third quarter valued at $78,000. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

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.