Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Receives $19.25 Average Price Target from Brokerages

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) have been given an average rating of “Moderate Buy” by the nine analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $19.25.

A number of research firms have recently weighed in on SBRA. JMP Securities raised shares of 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. Wells Fargo & Company upgraded shares of Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $16.00 to $20.00 in a report on Tuesday, October 1st. Citigroup upgraded shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and lifted their target price for the company from $17.00 to $20.00 in a report on Friday, September 13th. Mizuho restated a “neutral” rating and issued a $20.00 price target on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Finally, Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday.

Sabra Health Care REIT Price Performance

SBRA stock opened at $16.59 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.16 and a quick ratio of 4.16. Sabra Health Care REIT has a 1 year low of $12.83 and a 1 year high of $20.03. The firm has a 50-day moving average of $17.96 and a 200 day moving average of $17.43. The company has a market cap of $3.92 billion, a P/E ratio of 40.46, a PEG ratio of 2.20 and a beta of 1.26.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $178.00 million during the quarter, compared to the consensus estimate of $177.19 million. During the same period in the prior year, the company posted $0.34 EPS. On average, sell-side analysts forecast that Sabra Health Care REIT will post 1.39 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.23%. The ex-dividend date was Friday, November 15th. Sabra Health Care REIT’s dividend payout ratio is currently 292.68%.

Institutional Trading of Sabra Health Care REIT

A number of institutional investors have recently made changes to their positions in SBRA. Quarry LP purchased a new stake in Sabra Health Care REIT during the third quarter valued at $30,000. Assetmark Inc. grew its stake in shares of Sabra Health Care REIT by 168.4% during the 3rd quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,231 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sabra Health Care REIT during the 3rd quarter valued at about $59,000. Harbor Capital Advisors Inc. bought a new position in shares of Sabra Health Care REIT in the 3rd quarter worth approximately $78,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Sabra Health Care REIT by 25.3% in the third quarter. GAMMA Investing LLC now owns 4,614 shares of the real estate investment trust’s stock worth $86,000 after buying an additional 932 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

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.