Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $18.97 and last traded at $18.97, with a volume of 460 shares. The stock had previously closed at $18.79.
Analysts Set New Price Targets
Several brokerages recently commented on SBRA. Citigroup raised shares of Sabra Health Care REIT from a "neutral" rating to a "buy" rating and increased their price objective for the company from $17.00 to $20.00 in a research report on Friday. Scotiabank boosted 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 report on Monday, August 26th. Finally, Truist Financial raised their target price 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. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.09.
View Our Latest Stock Analysis on SBRA
Sabra Health Care REIT Stock Performance
The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.27 and a current ratio of 4.27. The firm's 50 day moving average price is $16.64 and its 200-day moving average price is $15.16. The firm has a market capitalization of $4.38 billion, a PE ratio of 94.65, a price-to-earnings-growth ratio of 2.65 and a beta of 1.26.
Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $166.54 million. During the same period in the previous year, the business posted $0.34 earnings per share. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. On average, research analysts expect that Sabra Health Care REIT, Inc. will post 1.37 EPS for the current year.
Sabra Health Care REIT Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given a $0.30 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.20 annualized dividend and a dividend yield of 6.34%. Sabra Health Care REIT's dividend payout ratio (DPR) is 600.00%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its stake in Sabra Health Care REIT by 0.6% in the 1st quarter. State of Alaska Department of Revenue now owns 135,087 shares of the real estate investment trust's stock valued at $1,993,000 after purchasing an additional 755 shares during the last quarter. Retirement Systems of Alabama lifted its stake in shares of Sabra Health Care REIT by 0.3% in the first quarter. Retirement Systems of Alabama now owns 290,353 shares of the real estate investment trust's stock worth $4,289,000 after buying an additional 761 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position 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 worth $1,931,000 after acquiring an additional 825 shares during the last quarter. Parallel Advisors LLC grew its stake in Sabra Health Care REIT by 5.4% during the 4th quarter. Parallel Advisors LLC now owns 17,655 shares of the real estate investment trust's stock valued at $252,000 after acquiring an additional 906 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in Sabra Health Care REIT by 1.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 64,952 shares of the real estate investment trust's stock valued at $959,000 after acquiring an additional 928 shares during the last quarter. 99.40% of the stock is owned by hedge funds and other institutional investors.
About Sabra Health Care REIT
(
Get Free Report)
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.
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