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

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) has been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $19.17.

Several analysts recently commented on SBRA shares. Mizuho restated a “neutral” rating and set a $20.00 price target on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Citizens Jmp raised shares of Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Truist Financial cut shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating and lowered their price target for the company from $18.00 to $17.00 in a report on Friday, January 17th. Finally, JMP Securities upgraded 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 report on Tuesday, January 7th.

Institutional Investors Weigh In On Sabra Health Care REIT

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in Sabra Health Care REIT by 222.4% during the third quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust’s stock valued at $183,996,000 after buying an additional 6,819,919 shares in the last quarter. Norges Bank acquired a new position in shares of Sabra Health Care REIT during the 4th quarter valued at about $48,950,000. Wellington Management Group LLP raised its stake in shares of Sabra Health Care REIT by 736.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,396,835 shares of the real estate investment trust’s stock valued at $44,605,000 after acquiring an additional 2,110,307 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Sabra Health Care REIT by 324.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,404,576 shares of the real estate investment trust’s stock worth $26,139,000 after purchasing an additional 1,073,530 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Sabra Health Care REIT by 27.7% during the fourth quarter. Northern Trust Corp now owns 4,169,385 shares of the real estate investment trust’s stock worth $72,214,000 after purchasing an additional 905,466 shares during the period. 99.40% of the stock is currently owned by institutional investors.

Sabra Health Care REIT Price Performance

SBRA opened at $17.09 on Thursday. Sabra Health Care REIT has a 12-month low of $13.31 and a 12-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. The firm has a market capitalization of $4.07 billion, a P/E ratio of 32.25, a PEG ratio of 1.97 and a beta of 1.27. The stock has a fifty day moving average of $16.77 and a 200-day moving average of $17.64.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The firm had revenue of $182.35 million during the quarter, compared to the consensus estimate of $178.01 million. Equities analysts forecast that Sabra Health Care REIT will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.02%. Sabra Health Care REIT’s dividend payout ratio is currently 226.42%.

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.