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

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $19.17.

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

Hedge Funds Weigh In On Sabra Health Care REIT

Several hedge funds and other institutional investors have recently modified their holdings of SBRA. Creative Planning raised its holdings in Sabra Health Care REIT by 8.9% in the third quarter. Creative Planning now owns 24,284 shares of the real estate investment trust’s stock valued at $452,000 after buying an additional 1,992 shares during the period. International Assets Investment Management LLC raised its stake in shares of Sabra Health Care REIT by 1,761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,104 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 5,776 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Sabra Health Care REIT by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,985 shares of the real estate investment trust’s stock valued at $166,000 after acquiring an additional 2,318 shares in the last quarter. abrdn plc lifted its holdings in shares of Sabra Health Care REIT by 58.2% during the 3rd quarter. abrdn plc now owns 875,495 shares of the real estate investment trust’s stock valued at $16,293,000 after acquiring an additional 322,255 shares in the last quarter. Finally, James Investment Research Inc. boosted its position in Sabra Health Care REIT by 96.5% during the 3rd quarter. James Investment Research Inc. now owns 19,776 shares of the real estate investment trust’s stock worth $368,000 after purchasing an additional 9,711 shares during the period. 99.40% of the stock is owned by institutional investors and hedge funds.

Sabra Health Care REIT Stock Performance

NASDAQ SBRA opened at $16.81 on Thursday. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88. Sabra Health Care REIT has a fifty-two week low of $13.31 and a fifty-two week high of $20.03. The business has a fifty day moving average of $16.77 and a 200-day moving average of $17.63. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 1.97 and a beta of 1.25.

Sabra Health Care REIT (NASDAQ:SBRA) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The company had revenue of $182.35 million for the quarter, compared to analyst estimates of $178.01 million. As a group, analysts predict that Sabra Health Care REIT will post 1.45 earnings per share for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, February 14th. This represents a $1.20 annualized dividend and a yield of 7.14%. Sabra Health Care REIT’s dividend payout ratio is presently 226.42%.

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.