Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $19.14.

A number of equities analysts recently weighed in on SBRA shares. Mizuho reissued 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. Scotiabank boosted their price target on shares of 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. Wells Fargo & Company raised shares of Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $16.00 to $20.00 in a research note on Tuesday, October 1st. 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 note on Wednesday, September 4th. Finally, Citigroup raised Sabra Health Care REIT from a “neutral” rating to a “buy” rating and raised their target price for the stock from $17.00 to $20.00 in a research report on Friday, September 13th.

Sabra Health Care REIT Stock Performance

NASDAQ:SBRA opened at $16.96 on Friday. The company has a 50-day moving average of $18.46 and a 200-day moving average of $17.15. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 41.37, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.90. Sabra Health Care REIT has a twelve month low of $12.83 and a twelve month high of $20.03.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.22). The company had revenue of $178.00 million for 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 period in the prior year, the business earned $0.34 earnings per share. Analysts forecast that Sabra Health Care REIT will post 1.39 earnings per share for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date was Friday, November 15th. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 292.68%.

Institutional Trading of Sabra Health Care REIT

Hedge funds and other institutional investors have recently modified their holdings of the company. Family Firm Inc. acquired a new position in Sabra Health Care REIT in the 2nd quarter worth about $26,000. Quarry LP bought a new stake in shares of Sabra Health Care REIT in the 3rd quarter valued at approximately $30,000. Assetmark Inc. increased 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 worth $37,000 after buying an additional 1,231 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Sabra Health Care REIT during the third quarter valued at approximately $59,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in Sabra Health Care REIT in the third quarter valued at approximately $78,000. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

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.