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

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) has received a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $15.77.

Several research firms recently issued reports on SBRA. Wedbush reiterated an “outperform” rating and set a $17.00 target price on shares of Sabra Health Care REIT in a report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft began coverage on Sabra Health Care REIT in a report on Tuesday, January 30th. They set a “buy” rating and a $21.00 target price on the stock.

Sabra Health Care REIT Stock Performance

SBRA opened at $14.22 on Friday. Sabra Health Care REIT has a 52-week low of $10.30 and a 52-week high of $14.91. The firm has a market capitalization of $3.29 billion, a PE ratio of 284.40, a PEG ratio of 5.00 and a beta of 1.17. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.41 and a current ratio of 3.41. The business’s 50-day simple moving average is $14.08 and its 200 day simple moving average is $14.03.

Institutional Trading of Sabra Health Care REIT

A number of hedge funds have recently made changes to their positions in SBRA. CWM LLC lifted its position in shares of Sabra Health Care REIT by 363.5% in the third quarter. CWM LLC now owns 1,780 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 1,396 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Sabra Health Care REIT by 30.3% during the 3rd quarter. SG Americas Securities LLC now owns 30,920 shares of the real estate investment trust’s stock worth $431,000 after purchasing an additional 7,184 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Sabra Health Care REIT by 7.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 85,427 shares of the real estate investment trust’s stock worth $1,191,000 after purchasing an additional 6,032 shares during the last quarter. Caerus Investment Advisors LLC acquired a new stake in Sabra Health Care REIT during the 3rd quarter worth approximately $214,000. Finally, Advisor Partners II LLC lifted its holdings in Sabra Health Care REIT by 163.8% during the 3rd quarter. Advisor Partners II LLC now owns 119,344 shares of the real estate investment trust’s stock worth $1,664,000 after purchasing an additional 74,109 shares during the last quarter. 99.40% of the stock is owned by institutional investors and hedge funds.

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.