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

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) has received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $18.38.

A number of research firms have weighed in on SBRA. Wells Fargo & Company raised Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $16.00 to $20.00 in a report on Tuesday, October 1st. Truist Financial lifted their price objective on Sabra Health Care REIT from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Scotiabank lifted their price objective on 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. Finally, Citigroup raised Sabra Health Care REIT from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $17.00 to $20.00 in a report on Friday, September 13th.

Sabra Health Care REIT Trading Up 0.1 %

Shares of SBRA opened at $19.01 on Friday. Sabra Health Care REIT has a 12-month low of $12.83 and a 12-month high of $19.32. The company has a quick ratio of 4.27, a current ratio of 4.27 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 95.05, a P/E/G ratio of 2.68 and a beta of 1.26. The stock’s 50-day moving average price is $17.87 and its 200 day moving average price is $15.96.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.24). The company had revenue of $176.14 million for the quarter, compared to analyst estimates of $166.54 million. Sabra Health Care REIT had a net margin of 7.83% and a return on equity of 1.87%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 earnings per share. As a group, research analysts predict that Sabra Health Care REIT will post 1.38 earnings per share for the current year.

Sabra Health Care REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.31%. The ex-dividend date was Monday, August 19th. Sabra Health Care REIT’s dividend payout ratio is 600.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue raised its position in shares of Sabra Health Care REIT by 0.6% during the 1st quarter. State of Alaska Department of Revenue now owns 135,087 shares of the real estate investment trust’s stock valued at $1,993,000 after acquiring an additional 755 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of Sabra Health Care REIT by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 290,353 shares of the real estate investment trust’s stock valued at $4,289,000 after acquiring an additional 761 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Sabra Health Care REIT by 1.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 64,952 shares of the real estate investment trust’s stock valued at $959,000 after acquiring an additional 928 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Sabra Health Care REIT by 25.3% during the 3rd quarter. GAMMA Investing LLC now owns 4,614 shares of the real estate investment trust’s stock valued at $86,000 after acquiring an additional 932 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of Sabra Health Care REIT by 2.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 48,448 shares of the real estate investment trust’s stock valued at $746,000 after acquiring an additional 1,168 shares during the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.

Sabra Health Care REIT Company Profile

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.