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

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) have received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $18.38.

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

Hedge Funds Weigh In On Sabra Health Care REIT

A number of large investors have recently modified their holdings of SBRA. Family Firm Inc. acquired a new position in shares of Sabra Health Care REIT during the 2nd quarter worth about $26,000. GAMMA Investing LLC boosted its stake in shares of Sabra Health Care REIT by 40.0% during the 2nd quarter. GAMMA Investing LLC now owns 3,682 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 1,052 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of 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 worth $114,000 after buying an additional 5,776 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Sabra Health Care REIT during the 2nd quarter worth about $117,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Sabra Health Care REIT during the 2nd quarter worth about $122,000. 99.40% of the stock is currently owned by institutional investors and hedge funds.

Sabra Health Care REIT Price Performance

SBRA opened at $19.01 on Friday. The company has a quick ratio of 4.27, a current ratio of 4.27 and a debt-to-equity ratio of 0.89. Sabra Health Care REIT has a 12 month low of $12.83 and a 12 month high of $19.32. The company has a fifty day simple moving average of $17.87 and a 200 day simple moving average of $15.96. The stock has a market cap of $4.40 billion, a P/E ratio of 95.05, a P/E/G ratio of 2.68 and a beta of 1.26.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.24). Sabra Health Care REIT had a net margin of 7.83% and a return on equity of 1.87%. The firm had revenue of $176.14 million during the quarter, compared to the consensus estimate of $166.54 million. During the same quarter in the prior year, the company earned $0.34 EPS. Sabra Health Care REIT’s quarterly revenue was up 9.3% on a year-over-year basis. On average, research analysts expect that Sabra Health Care REIT will post 1.38 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a dividend of $0.30 per share. The ex-dividend date was Monday, August 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.31%. Sabra Health Care REIT’s dividend payout ratio is 600.00%.

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.