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

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) have been given an average rating of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $18.71.

Several research firms have commented on SBRA. Scotiabank upped their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. Truist Financial lifted their price target on Sabra Health Care REIT from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Wells Fargo & Company upgraded shares of Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $16.00 to $20.00 in a report on Tuesday, October 1st. Finally, Citigroup upgraded Sabra Health Care REIT from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $17.00 to $20.00 in a report on Friday, September 13th.

Institutional Investors Weigh In On Sabra Health Care REIT

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in shares of Sabra Health Care REIT by 1.7% in 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 buying an additional 104,533 shares during the period. Vestcor Inc raised its holdings in Sabra Health Care REIT by 62.5% in the third 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 in the last quarter. M&T Bank Corp lifted its stake in Sabra Health Care REIT by 2.8% in the third quarter. M&T Bank Corp now owns 50,335 shares of the real estate investment trust’s stock worth $937,000 after acquiring an additional 1,374 shares during the last quarter. Duff & Phelps Investment Management Co. grew its holdings in Sabra Health Care REIT by 7.7% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,183,719 shares of the real estate investment trust’s stock worth $40,639,000 after acquiring an additional 156,309 shares in the last quarter. Finally, Barclays PLC grew its holdings in 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 worth $12,624,000 after acquiring an additional 243,895 shares in the last quarter. 99.40% of the stock is owned by hedge funds and other institutional investors.

Sabra Health Care REIT Trading Down 0.4 %

Shares of NASDAQ:SBRA opened at $18.11 on Tuesday. The company has a market capitalization of $4.28 billion, a PE ratio of 44.17, a P/E/G ratio of 2.28 and a beta of 1.25. 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 12-month low of $12.83 and a 12-month high of $20.03. The business’s fifty day simple moving average is $18.61 and its 200-day simple moving average is $16.60.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). The business had revenue of $178.00 million for the quarter, compared to analyst estimates of $177.19 million. Sabra Health Care REIT had a net margin of 14.20% and a return on equity of 3.51%. During the same period in the prior year, the company earned $0.34 earnings per share. As a group, equities research analysts predict that Sabra Health Care REIT will post 1.39 earnings per share for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.30 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 6.63%. Sabra Health Care REIT’s dividend payout ratio is presently 292.68%.

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.