Sabra Health Care REIT’s (SBRA) Neutral Rating Reiterated at Mizuho

Mizuho reaffirmed their neutral rating on shares of Sabra Health Care REIT (NASDAQ:SBRA) in a research note released on Thursday morning, MarketBeat.com reports. Mizuho currently has a $20.00 target price on the real estate investment trust’s stock.

SBRA has been the subject of a number of other reports. Scotiabank increased 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. Citigroup upgraded shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $17.00 to $20.00 in a research report on Friday, September 13th. Truist Financial boosted their price objective on shares of Sabra Health Care REIT from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Wells Fargo & Company upgraded shares of Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $16.00 to $20.00 in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.14.

Sabra Health Care REIT Stock Down 1.2 %

SBRA stock opened at $18.04 on Thursday. The firm has a 50-day moving average of $18.60 and a two-hundred day moving average of $16.97. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 44.00, a PEG ratio of 2.31 and a beta of 1.24. Sabra Health Care REIT has a 12 month low of $12.83 and a 12 month high of $20.03. 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 (NASDAQ:SBRA) last posted its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). Sabra Health Care REIT had a net margin of 14.20% and a return on equity of 3.51%. The business had revenue of $178.00 million during the quarter, compared to analyst estimates of $177.19 million. During the same quarter in the prior year, the firm posted $0.34 earnings per share. As a group, analysts forecast that Sabra Health Care REIT will post 1.39 earnings per share for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.30 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.65%. Sabra Health Care REIT’s dividend payout ratio is presently 292.69%.

Institutional Investors Weigh In On Sabra Health Care REIT

Several institutional investors have recently modified their holdings of SBRA. Envestnet Asset Management Inc. grew its stake in Sabra Health Care REIT by 7.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 579,110 shares of the real estate investment trust’s stock valued at $8,918,000 after acquiring an additional 38,144 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Sabra Health Care REIT by 77.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,287,279 shares of the real estate investment trust’s stock worth $19,824,000 after purchasing an additional 559,800 shares in the last quarter. Texas Permanent School Fund Corp raised its position in shares of Sabra Health Care REIT by 22.1% during the 2nd quarter. Texas Permanent School Fund Corp now owns 247,000 shares of the real estate investment trust’s stock worth $3,804,000 after purchasing an additional 44,639 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Sabra Health Care REIT by 14.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 539,004 shares of the real estate investment trust’s stock valued at $10,031,000 after buying an additional 66,929 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in Sabra Health Care REIT by 104.0% in the 3rd quarter. Citigroup Inc. now owns 316,007 shares of the real estate investment trust’s stock valued at $5,881,000 after buying an additional 161,071 shares in the last quarter. Hedge funds and other institutional investors 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.