Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Receives $18.86 Consensus Target Price from Brokerages

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Get Free Report) have received an average rating of "Moderate Buy" from the eight analysts that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $18.86.

SBRA has been the subject of a number of research reports. Citizens Jmp upgraded Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Mizuho reiterated a "neutral" rating and set a $20.00 target price on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Scotiabank increased their target price on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a "sector perform" rating in a report on Friday, October 11th. Truist Financial cut Sabra Health Care REIT from a "buy" rating to a "hold" rating and lowered their target price for the stock from $18.00 to $17.00 in a report on Friday, January 17th. Finally, JMP Securities upgraded Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 target price for the company in a report on Tuesday, January 7th.

Institutional Trading of Sabra Health Care REIT

Institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. lifted its stake in Sabra Health Care REIT by 4.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,369 shares of the real estate investment trust's stock worth $286,000 after purchasing an additional 655 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Sabra Health Care REIT by 0.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust's stock valued at $3,068,000 after buying an additional 763 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Sabra Health Care REIT by 1.2% during the 4th quarter. Louisiana State Employees Retirement System now owns 65,700 shares of the real estate investment trust's stock valued at $1,138,000 after buying an additional 800 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Sabra Health Care REIT by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 48,185 shares of the real estate investment trust's stock valued at $835,000 after buying an additional 800 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Sabra Health Care REIT by 25.3% during the 3rd quarter. GAMMA Investing LLC now owns 4,614 shares of the real estate investment trust's stock valued at $86,000 after buying an additional 932 shares in the last quarter. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Sabra Health Care REIT Price Performance

Shares of SBRA traded up $0.17 on Friday, hitting $16.89. The company's stock had a trading volume of 1,236,485 shares, compared to its average volume of 1,666,877. The company has a market capitalization of $4.00 billion, a PE ratio of 41.20, a PEG ratio of 2.01 and a beta of 1.25. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.16 and a quick ratio of 4.16. Sabra Health Care REIT has a fifty-two week low of $12.85 and a fifty-two week high of $20.03. The company has a 50 day moving average price of $17.29 and a 200 day moving average price of $17.63.

Sabra Health Care REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date of this dividend is Friday, February 14th. Sabra Health Care REIT's payout ratio is 292.69%.

About Sabra Health Care REIT

Sabra Health Care REIT, Inc engages in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Tustin, CA.