Sabra Health Care REIT (NASDAQ:SBRA) Stock Price Expected to Rise, Truist Financial Analyst Says

Sabra Health Care REIT (NASDAQ:SBRA) had its price target increased by analysts at Truist Financial from $17.00 to $18.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s target price suggests a potential upside of 0.76% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. JMP Securities raised Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research report on Tuesday, January 7th. Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, Mizuho reaffirmed a “neutral” rating and set a $20.00 price target on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.33.

Sabra Health Care REIT Stock Performance

Shares of Sabra Health Care REIT stock traded up $0.25 on Tuesday, reaching $17.87. 320,496 shares of the stock were exchanged, compared to its average volume of 1,947,988. The business has a 50 day moving average price of $16.74 and a two-hundred day moving average price of $17.67. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 1.97 and a beta of 1.27. Sabra Health Care REIT has a twelve month low of $13.31 and a twelve month 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 quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. The business had revenue of $182.35 million during the quarter, compared to analysts’ expectations of $178.01 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. Analysts anticipate that Sabra Health Care REIT will post 1.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sabra Health Care REIT

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its position in shares of Sabra Health Care REIT by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 6,294,798 shares of the real estate investment trust’s stock valued at $117,165,000 after acquiring an additional 104,533 shares during the period. JPMorgan Chase & Co. grew 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 during the period. Vestcor Inc grew its position in shares of Sabra Health Care REIT by 62.5% during the 3rd quarter. Vestcor Inc now owns 207,918 shares of the real estate investment trust’s stock valued at $3,869,000 after acquiring an additional 79,956 shares during the period. Barclays PLC grew its position in shares of Sabra Health Care REIT by 56.1% during the 3rd quarter. Barclays PLC now owns 678,397 shares of the real estate investment trust’s stock valued at $12,624,000 after acquiring an additional 243,895 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Sabra Health Care REIT by 12.3% during the 3rd quarter. Franklin Resources Inc. now owns 524,917 shares of the real estate investment trust’s stock valued at $9,543,000 after acquiring an additional 57,551 shares during the period. 99.40% of the stock is currently owned by institutional investors and hedge funds.

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.