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

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) have received an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $19.25.

A number of equities analysts have commented on the stock. Scotiabank boosted their price objective on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. JMP Securities raised Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a report on Tuesday. Mizuho restated a “neutral” rating and set a $20.00 price objective on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Citigroup upgraded Sabra Health Care REIT from a “neutral” rating to a “buy” rating and increased their target price for the company from $17.00 to $20.00 in a research note on Friday, September 13th. Finally, Wells Fargo & Company upgraded shares of Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $16.00 to $20.00 in a research note on Tuesday, October 1st.

Sabra Health Care REIT Price Performance

SBRA stock opened at $16.80 on Wednesday. The firm has a market cap of $3.97 billion, a P/E ratio of 40.98, a price-to-earnings-growth ratio of 2.20 and a beta of 1.26. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.16 and a current ratio of 4.16. Sabra Health Care REIT has a 1 year low of $12.83 and a 1 year high of $20.03. The stock has a 50-day simple moving average of $18.05 and a 200-day simple moving average of $17.44.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $177.19 million. During the same period last year, the business earned $0.34 EPS. On average, equities analysts predict that Sabra Health Care REIT will post 1.39 earnings per share for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.14%. The ex-dividend date of this dividend was Friday, November 15th. Sabra Health Care REIT’s dividend payout ratio is presently 292.68%.

Institutional Investors Weigh In On Sabra Health Care REIT

Institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC lifted its stake in Sabra Health Care REIT by 8.5% in the second quarter. Commonwealth Equity Services LLC now owns 70,459 shares of the real estate investment trust’s stock valued at $1,085,000 after buying an additional 5,507 shares during the last quarter. Rhumbline Advisers boosted its stake in Sabra Health Care REIT by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 853,466 shares of the real estate investment trust’s stock valued at $13,143,000 after purchasing an additional 2,930 shares during the period. Arizona State Retirement System boosted its stake in Sabra Health Care REIT by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 64,802 shares of the real estate investment trust’s stock valued at $998,000 after purchasing an additional 1,258 shares during the period. Quest Partners LLC grew its position in Sabra Health Care REIT by 36,621.1% in the 2nd quarter. Quest Partners LLC now owns 13,954 shares of the real estate investment trust’s stock worth $215,000 after purchasing an additional 13,916 shares during the last quarter. Finally, Texas Permanent School Fund Corp increased its stake in shares of Sabra Health Care REIT by 22.1% in the second quarter. Texas Permanent School Fund Corp now owns 247,000 shares of the real estate investment trust’s stock valued at $3,804,000 after purchasing an additional 44,639 shares during the period. 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.