Analysts Set Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Price Target at $16.40

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) have been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $16.40.

SBRA has been the topic of a number of research reports. Truist Financial boosted their price objective on Sabra Health Care REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Scotiabank raised their price objective on shares of Sabra Health Care REIT from $14.00 to $15.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 15th.

Sabra Health Care REIT Stock Up 0.2 %

SBRA stock opened at $16.33 on Friday. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 81.65, a price-to-earnings-growth ratio of 2.65 and a beta of 1.24. The company has a 50-day moving average of $15.53 and a two-hundred day moving average of $14.58. Sabra Health Care REIT has a 52-week low of $11.73 and a 52-week high of $16.94. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.27 and a quick ratio of 4.27.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.24). The company had revenue of $176.14 million during the quarter, compared to analyst estimates of $166.54 million. Sabra Health Care REIT had a return on equity of 1.87% and a net margin of 7.83%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 earnings per share. As a group, equities research analysts anticipate that Sabra Health Care REIT will post 1.37 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Monday, August 19th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date is Monday, August 19th. Sabra Health Care REIT’s dividend payout ratio is currently 600.00%.

Insiders Place Their Bets

In related news, Director Catherine Cusack acquired 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was purchased at an average price of $14.43 per share, for a total transaction of $101,010.00. Following the transaction, the director now directly owns 46,385 shares of the company’s stock, valued at approximately $669,335.55. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Trading of Sabra Health Care REIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in SBRA. Tennessee Valley Asset Management Partners bought a new stake in shares of Sabra Health Care REIT during the fourth quarter worth approximately $25,000. Family Firm Inc. bought a new position in shares of Sabra Health Care REIT in the 2nd quarter worth $26,000. GAMMA Investing LLC acquired a new stake in shares of Sabra Health Care REIT during the fourth quarter worth $33,000. Neo Ivy Capital Management acquired a new position in Sabra Health Care REIT in the fourth quarter valued at about $41,000. Finally, Principal Securities Inc. acquired a new position in shares of Sabra Health Care REIT during the 4th quarter worth about $46,000. 99.40% of the stock is owned by institutional investors.

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.