Brokerages Set Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Target Price at $18.71

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $18.71.

SBRA has been the subject of several research analyst reports. Scotiabank lifted their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. Wells Fargo & Company upgraded Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $16.00 to $20.00 in a research note on Tuesday, October 1st. Citigroup upgraded shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $17.00 to $20.00 in a research note on Friday, September 13th. Finally, Truist Financial boosted their target price 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.

Institutional Investors Weigh In On Sabra Health Care REIT

Hedge funds have recently modified their holdings of the company. Family Firm Inc. purchased a new position in Sabra Health Care REIT during the second quarter worth about $26,000. Quarry LP purchased a new stake in shares of Sabra Health Care REIT during the 3rd quarter valued at approximately $30,000. Assetmark Inc. lifted its holdings 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. GAMMA Investing LLC grew its position in Sabra Health Care REIT by 40.0% in the second quarter. GAMMA Investing LLC now owns 3,682 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 1,052 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new stake in Sabra Health Care REIT in the third quarter valued at $78,000. 99.40% of the stock is owned by hedge funds and other institutional investors.

Sabra Health Care REIT Stock Down 0.2 %

Shares of Sabra Health Care REIT stock opened at $18.35 on Tuesday. Sabra Health Care REIT has a 1 year low of $12.83 and a 1 year high of $20.03. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 44.76, a PEG ratio of 2.33 and a beta of 1.25. The company has a 50-day moving average of $18.64 and a 200 day moving average of $16.65. 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 (NASDAQ:SBRA) last announced its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The firm had revenue of $178.00 million during the quarter, compared to the consensus estimate of $177.19 million. Sabra Health Care REIT had a return on equity of 3.51% and a net margin of 14.20%. During the same quarter in the previous year, the firm earned $0.34 EPS. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.54%. The ex-dividend date of this dividend is Friday, November 15th. Sabra Health Care REIT’s payout ratio is 292.69%.

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.