Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Given Average Recommendation of “Moderate Buy” by Analysts

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $15.71.

SBRA has been the subject of several analyst reports. Scotiabank increased their price objective on shares of Sabra Health Care REIT from $14.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 15th. Wedbush reaffirmed an “outperform” rating and set a $17.00 price target on shares of Sabra Health Care REIT in a research report on Thursday, February 29th.

Insider Buying and Selling at Sabra Health Care REIT

In other Sabra Health Care REIT news, Director Catherine Cusack purchased 7,000 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were bought at an average price of $14.43 per share, with a total value of $101,010.00. Following the completion of the transaction, the director now directly owns 46,385 shares in the company, valued at approximately $669,335.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SBRA. State of Alaska Department of Revenue boosted its holdings in shares of Sabra Health Care REIT by 0.6% in the first quarter. State of Alaska Department of Revenue now owns 135,087 shares of the real estate investment trust’s stock worth $1,993,000 after acquiring an additional 755 shares during the period. Retirement Systems of Alabama grew its holdings in Sabra Health Care REIT by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 290,353 shares of the real estate investment trust’s stock valued at $4,289,000 after buying an additional 761 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Sabra Health Care REIT by 0.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 136,667 shares of the real estate investment trust’s stock valued at $1,931,000 after buying an additional 825 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Sabra Health Care REIT by 5.4% during the fourth quarter. Parallel Advisors LLC now owns 17,655 shares of the real estate investment trust’s stock valued at $252,000 after buying an additional 906 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in shares of Sabra Health Care REIT by 5.0% in the first quarter. Global Retirement Partners LLC now owns 19,412 shares of the real estate investment trust’s stock worth $287,000 after buying an additional 923 shares in the last quarter. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Sabra Health Care REIT Stock Performance

NASDAQ SBRA opened at $14.82 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.33 and a quick ratio of 4.33. The company has a fifty day moving average price of $14.31 and a 200-day moving average price of $14.10. Sabra Health Care REIT has a 1 year low of $11.57 and a 1 year high of $15.02. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 74.10, a PEG ratio of 2.37 and a beta of 1.22.

Sabra Health Care REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.10%. The ex-dividend date of this dividend was Friday, May 17th. Sabra Health Care REIT’s dividend payout ratio is currently 600.00%.

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.