Sabra Healthcare REIT Price Target Raised to $30.00 at Jefferies Group (SBRA)
Stock analysts at Jefferies Group hoisted their price objective on shares of Sabra Healthcare REIT (NASDAQ:SBRA) from $28.00 to $30.00 in a report issued on Friday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective points to a potential upside of 10.01% from the stock’s previous close.
SBRA has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Sabra Healthcare REIT from $31.00 to $33.00 in a research note to investors on Monday, August 5th. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James cut their price target on shares of Sabra Healthcare REIT from $28.00 to $27.00 in a research note to investors on Monday, August 5th. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Sabra Healthcare REIT in a research note to investors on Thursday, August 1st. They now have a $30.00 price target on the stock, down previously from $32.00. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Sabra Healthcare REIT has an average rating of “Buy” and a consensus target price of $30.00.
Shares of Sabra Healthcare REIT (NASDAQ:SBRA) traded up 2.02% during mid-day trading on Friday, hitting $27.27. 312,741 shares of the company’s stock traded hands. Sabra Healthcare REIT has a 1-year low of $19.54 and a 1-year high of $32.40. The stock has a 50-day moving average of $23.8 and a 200-day moving average of $27.15. The company has a market cap of $1.018 billion and a price-to-earnings ratio of 66.82.
Sabra Healthcare REIT (NASDAQ:SBRA) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.46 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.46. The company had revenue of $32.90 million for the quarter, compared to the consensus estimate of $33.01 million.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.99%. The ex-dividend date is Wednesday, November 13th.
Sabra Health Care REIT, Inc (NASDAQ:SBRA) as a wholly owned subsidiary of Sun Healthcare Group, Inc, a provider of nursing, rehabilitative and related specialty healthcare services to the senior population in the United States.
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