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

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $18.86.

A number of research firms recently commented on SBRA. Truist Financial downgraded Sabra Health Care REIT from a “buy” rating to a “hold” rating and cut their price target for the company from $18.00 to $17.00 in a report on Friday, January 17th. Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. 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. Finally, JMP Securities raised shares of 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.

Hedge Funds Weigh In On Sabra Health Care REIT

A number of institutional investors have recently added to or reduced their stakes in the company. Creative Planning grew its position in shares of Sabra Health Care REIT by 8.9% during the third quarter. Creative Planning now owns 24,284 shares of the real estate investment trust’s stock worth $452,000 after buying an additional 1,992 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Sabra Health Care REIT by 1,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,104 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 5,776 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Sabra Health Care REIT by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,985 shares of the real estate investment trust’s stock worth $166,000 after acquiring an additional 2,318 shares in the last quarter. abrdn plc increased its position in shares of Sabra Health Care REIT by 58.2% in the 3rd quarter. abrdn plc now owns 875,495 shares of the real estate investment trust’s stock worth $16,293,000 after purchasing an additional 322,255 shares during the last quarter. Finally, James Investment Research Inc. raised its stake in shares of Sabra Health Care REIT by 96.5% in the 3rd quarter. James Investment Research Inc. now owns 19,776 shares of the real estate investment trust’s stock valued at $368,000 after purchasing an additional 9,711 shares in the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.

Sabra Health Care REIT Stock Performance

SBRA opened at $16.39 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16. The stock has a market cap of $3.90 billion, a P/E ratio of 30.93, a P/E/G ratio of 1.97 and a beta of 1.25. Sabra Health Care REIT has a 1-year low of $13.31 and a 1-year high of $20.03. The stock’s 50 day simple moving average is $16.78 and its 200 day simple moving average is $17.62.

Sabra Health Care REIT (NASDAQ:SBRA) last posted 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. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The firm had revenue of $182.35 million during the quarter, compared to the consensus estimate of $178.01 million. As a group, equities analysts anticipate that Sabra Health Care REIT will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.30 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.20 annualized dividend and a yield of 7.32%. Sabra Health Care REIT’s dividend payout ratio is currently 226.42%.

About Sabra Health Care REIT

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.