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

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) has earned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $15.77.

Several brokerages have weighed in on SBRA. Wedbush reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Sabra Health Care REIT in a report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Sabra Health Care REIT in a research report on Tuesday, January 30th. They set a “buy” rating and a $21.00 price objective for the company.

Hedge Funds Weigh In On Sabra Health Care REIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tennessee Valley Asset Management Partners bought a new position in shares of Sabra Health Care REIT in the 4th quarter valued at $25,000. CWM LLC raised its position in Sabra Health Care REIT by 363.5% in the third quarter. CWM LLC now owns 1,780 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,396 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Sabra Health Care REIT during the fourth quarter worth about $33,000. Signaturefd LLC increased its stake in shares of Sabra Health Care REIT by 45.2% in the third quarter. Signaturefd LLC now owns 2,610 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 813 shares during the period. Finally, Neo Ivy Capital Management bought a new position in Sabra Health Care REIT in the 4th quarter valued at approximately $41,000. Institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Stock Up 0.9 %

SBRA stock opened at $14.74 on Friday. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 294.80, a P/E/G ratio of 5.15 and a beta of 1.17. Sabra Health Care REIT has a twelve month low of $10.30 and a twelve month high of $14.91. The business has a 50 day moving average price of $14.12 and a two-hundred day moving average price of $14.03. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.86.

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.