Sabra Health Care REIT (NASDAQ:SBRA) Hits New 1-Year High at $18.97

Sabra Health Care REIT, Inc. (NASDAQ:SBRA)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $18.97 and last traded at $18.97, with a volume of 460 shares traded. The stock had previously closed at $18.79.

Analyst Ratings Changes

SBRA has been the subject of a number of analyst reports. Scotiabank raised their price objective on shares of 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 upped their price objective on Sabra Health Care REIT from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, Citigroup raised shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $17.00 to $20.00 in a report on Friday. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.09.

Sabra Health Care REIT Stock Up 0.7 %

The company has a quick ratio of 4.27, a current ratio of 4.27 and a debt-to-equity ratio of 0.89. The business has a 50-day moving average price of $16.64 and a 200-day moving average price of $15.16. The firm has a market capitalization of $4.38 billion, a PE ratio of 93.95, a price-to-earnings-growth ratio of 2.65 and a beta of 1.26.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.10 earnings per share 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 net margin of 7.83% and a return on equity of 1.87%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. Equities research analysts forecast that Sabra Health Care REIT, Inc. will post 1.37 earnings per share for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.20 annualized dividend and a yield of 6.34%. Sabra Health Care REIT’s dividend payout ratio is currently 600.00%.

Institutional Trading of Sabra Health Care REIT

Several large investors have recently bought and sold shares of SBRA. Natixis Advisors L.P. grew its holdings in Sabra Health Care REIT by 8.2% in the fourth quarter. Natixis Advisors L.P. now owns 22,270 shares of the real estate investment trust’s stock valued at $317,000 after purchasing an additional 1,696 shares during the period. Private Advisor Group LLC boosted its stake in shares of Sabra Health Care REIT by 17.4% during the 4th quarter. Private Advisor Group LLC now owns 32,960 shares of the real estate investment trust’s stock valued at $470,000 after buying an additional 4,879 shares during the last quarter. Principal Securities Inc. acquired a new position in Sabra Health Care REIT during the 4th quarter worth $46,000. BNP Paribas Financial Markets grew its stake in Sabra Health Care REIT by 30.7% in the fourth quarter. BNP Paribas Financial Markets now owns 258,029 shares of the real estate investment trust’s stock worth $3,682,000 after purchasing an additional 60,631 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Sabra Health Care REIT by 0.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 136,667 shares of the real estate investment trust’s stock valued at $1,931,000 after buying an additional 825 shares in the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.

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.