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

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $19.14.

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

Institutional Trading of Sabra Health Care REIT

Institutional investors have recently bought and sold shares of the company. Family Firm Inc. purchased a new stake in shares of Sabra Health Care REIT during the 2nd quarter worth about $26,000. Quarry LP bought a new position in Sabra Health Care REIT during the third quarter valued at approximately $30,000. Assetmark Inc. lifted its stake 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 acquiring an additional 1,231 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Sabra Health Care REIT in the third quarter worth approximately $59,000. Finally, Harbor Capital Advisors Inc. bought a new stake in Sabra Health Care REIT in the third quarter worth approximately $78,000. Institutional investors and hedge funds own 99.40% of the company’s stock.

Sabra Health Care REIT Price Performance

Shares of NASDAQ SBRA opened at $16.90 on Friday. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.90. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 41.22, a PEG ratio of 2.20 and a beta of 1.24. The company’s 50-day moving average price is $18.48 and its 200 day moving average price is $17.15. Sabra Health Care REIT has a 52 week low of $12.83 and a 52 week high of $20.03.

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 for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). Sabra Health Care REIT had a return on equity of 3.51% and a net margin of 14.20%. The business had revenue of $178.00 million for the quarter, compared to analysts’ expectations of $177.19 million. During the same period last year, the business earned $0.34 earnings per share. As a group, research analysts forecast that Sabra Health Care REIT will post 1.39 earnings per share for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 7.10%. Sabra Health Care REIT’s dividend payout ratio is 292.68%.

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.