Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) have been given a consensus rating of “Moderate Buy” by the ten analysts that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $16.80.

SBRA has been the subject of a number of recent research reports. Scotiabank lifted their price objective on Sabra Health Care REIT from $15.00 to $17.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Truist Financial lifted their price target on Sabra Health Care REIT from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday.

Sabra Health Care REIT Stock Up 1.8 %

NASDAQ:SBRA opened at $17.30 on Thursday. Sabra Health Care REIT has a 1-year low of $12.41 and a 1-year high of $17.43. The company has a market capitalization of $4.00 billion, a PE ratio of 86.50, a P/E/G ratio of 2.46 and a beta of 1.24. The firm’s 50-day moving average price is $16.23 and its 200-day moving average price is $14.92. 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 announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.10 earnings per share 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 business had revenue of $176.14 million for the quarter, compared to the consensus estimate of $166.54 million. During the same period in the prior year, the business posted $0.34 EPS. Sabra Health Care REIT’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities analysts predict that Sabra Health Care REIT will post 1.37 EPS for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date was Monday, August 19th. Sabra Health Care REIT’s dividend payout ratio (DPR) is 600.00%.

Institutional Trading of Sabra Health Care REIT

A number of institutional investors have recently made changes to their positions in SBRA. Norges Bank bought a new position in Sabra Health Care REIT during the fourth quarter valued at approximately $31,605,000. Point72 Asset Management L.P. lifted its holdings in shares of Sabra Health Care REIT by 152.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,732,274 shares of the real estate investment trust’s stock valued at $26,677,000 after buying an additional 1,046,748 shares during the period. Millennium Management LLC bought a new position in shares of Sabra Health Care REIT during the 2nd quarter valued at $12,972,000. Vanguard Group Inc. boosted its stake in shares of Sabra Health Care REIT by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 34,972,611 shares of the real estate investment trust’s stock worth $516,545,000 after buying an additional 838,654 shares during the last quarter. Finally, APG Asset Management US Inc. grew its holdings in shares of Sabra Health Care REIT by 91.7% in the fourth quarter. APG Asset Management US Inc. now owns 1,592,962 shares of the real estate investment trust’s stock worth $22,732,000 after acquiring an additional 762,002 shares during the period. Hedge funds and other institutional investors own 99.40% of the company’s stock.

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.