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

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $19.17.

A number of equities analysts have weighed in on SBRA shares. Truist Financial cut shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating and decreased their price objective for the company from $18.00 to $17.00 in a research 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 price objective for the company in a research note on Tuesday, January 7th. Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, Mizuho reiterated a “neutral” rating and set a $20.00 target price on shares of Sabra Health Care REIT in a research note on Thursday, December 5th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of Sabra Health Care REIT by 222.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust’s stock valued at $183,996,000 after acquiring an additional 6,819,919 shares in the last quarter. Norges Bank bought a new stake in Sabra Health Care REIT during the fourth quarter valued at $48,950,000. Wellington Management Group LLP increased its stake in Sabra Health Care REIT by 736.5% during the third quarter. Wellington Management Group LLP now owns 2,396,835 shares of the real estate investment trust’s stock valued at $44,605,000 after purchasing an additional 2,110,307 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Sabra Health Care REIT by 324.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,404,576 shares of the real estate investment trust’s stock worth $26,139,000 after purchasing an additional 1,073,530 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Sabra Health Care REIT by 27.7% in the 4th quarter. Northern Trust Corp now owns 4,169,385 shares of the real estate investment trust’s stock worth $72,214,000 after buying an additional 905,466 shares during the last quarter. Institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Stock Up 1.2 %

NASDAQ SBRA opened at $16.81 on Thursday. The stock has a market cap of $4.00 billion, a PE ratio of 31.72, a P/E/G ratio of 1.97 and a beta of 1.25. The business has a 50 day moving average price of $16.77 and a two-hundred day moving average price of $17.63. Sabra Health Care REIT has a fifty-two week low of $13.31 and a fifty-two week high of $20.03. 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 (NASDAQ:SBRA) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. The business had revenue of $182.35 million during the quarter, compared to the consensus estimate of $178.01 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. As a group, sell-side analysts predict that Sabra Health Care REIT will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The company also recently disclosed 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. This represents a $1.20 annualized dividend and a yield of 7.14%. The ex-dividend date of this dividend was Friday, February 14th. Sabra Health Care REIT’s payout ratio is currently 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.