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

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $17.80.

SBRA has been the subject of a number of research analyst reports. Scotiabank upped their target price on Sabra Health Care REIT from $15.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Citigroup raised Sabra Health Care REIT from a “neutral” rating to a “buy” rating and raised their target price for the company from $17.00 to $20.00 in a research note on Friday, September 13th. Truist Financial boosted their price target on shares of Sabra Health Care REIT from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Wells Fargo & Company upgraded shares of Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $16.00 to $20.00 in a research report on Tuesday.

Sabra Health Care REIT Price Performance

Shares of NASDAQ SBRA opened at $17.97 on Monday. The stock has a market cap of $4.21 billion, a P/E ratio of 89.85, a P/E/G ratio of 2.65 and a beta of 1.26. The firm’s 50-day simple moving average is $17.29 and its 200 day simple moving average is $15.56. Sabra Health Care REIT has a fifty-two week low of $12.83 and a fifty-two week high of $19.32. 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 (NASDAQ:SBRA) last released its quarterly earnings results 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). The company had revenue of $176.14 million for the quarter, compared to the consensus estimate of $166.54 million. Sabra Health Care REIT had a return on equity of 1.87% and a net margin of 7.83%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. Equities analysts expect that Sabra Health Care REIT will post 1.38 EPS for the current 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 dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date of this dividend was Monday, August 19th. Sabra Health Care REIT’s dividend payout ratio is presently 600.00%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Sabra Health Care REIT in the 3rd quarter worth approximately $311,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Sabra Health Care REIT in the second quarter worth $122,000. Cetera Investment Advisers boosted its position in shares of Sabra Health Care REIT by 1.8% in the second quarter. Cetera Investment Advisers now owns 414,052 shares of the real estate investment trust’s stock worth $6,376,000 after buying an additional 7,377 shares during the period. Truist Financial Corp grew its holdings in shares of Sabra Health Care REIT by 85.2% during the second quarter. Truist Financial Corp now owns 183,180 shares of the real estate investment trust’s stock valued at $2,821,000 after buying an additional 84,251 shares in the last quarter. Finally, Algert Global LLC acquired a new position in Sabra Health Care REIT during the second quarter valued at $359,000. 99.40% of the stock is owned by hedge funds and other institutional investors.

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.