Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Receives $18.86 Average PT from Analysts

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $18.86.

A number of equities research analysts have commented on the stock. Citizens Jmp upgraded shares of Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Mizuho restated a “neutral” rating and issued a $20.00 target price on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Scotiabank upped their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. Truist Financial cut Sabra Health Care REIT from a “buy” rating to a “hold” rating and reduced their price objective for the company from $18.00 to $17.00 in a research note on Friday, January 17th. Finally, JMP Securities raised Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research report on Tuesday, January 7th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SBRA. JPMorgan Chase & Co. raised its position in Sabra Health Care REIT by 222.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust’s stock valued at $183,996,000 after buying an additional 6,819,919 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Sabra Health Care REIT by 736.5% in the third quarter. Wellington Management Group LLP now owns 2,396,835 shares of the real estate investment trust’s stock valued at $44,605,000 after purchasing an additional 2,110,307 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Sabra Health Care REIT by 324.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,404,576 shares of the real estate investment trust’s stock valued at $26,139,000 after purchasing an additional 1,073,530 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Sabra Health Care REIT by 1,557.9% during the third quarter. Thrivent Financial for Lutherans now owns 927,309 shares of the real estate investment trust’s stock valued at $17,258,000 after purchasing an additional 871,375 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Sabra Health Care REIT during the second quarter worth about $12,972,000. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Stock Performance

Shares of SBRA stock opened at $16.72 on Friday. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.90. Sabra Health Care REIT has a 52 week low of $12.83 and a 52 week high of $20.03. The firm has a 50 day moving average of $17.29 and a 200-day moving average of $17.63. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 40.78, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25.

Sabra Health Care REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.18%. The ex-dividend date is Friday, February 14th. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 292.69%.

Sabra Health Care REIT Company Profile

Sabra Health Care REIT, Inc engages in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Tustin, CA.