Analysts Set Sabra Health Care REIT, Inc. (NASDAQ:SBRA) PT at $19.14

Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $19.14.

SBRA has been the topic of several research analyst reports. Citigroup raised shares of 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. Scotiabank boosted 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. Mizuho restated a "neutral" rating and issued a $20.00 target price on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Wells Fargo & Company upgraded Sabra Health Care REIT from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $16.00 to $20.00 in a research report on Tuesday, October 1st. Finally, Truist Financial upped their price objective on Sabra Health Care REIT from $16.00 to $18.00 and gave the company a "buy" rating in a report on Wednesday, September 4th.

Institutional Investors Weigh In On Sabra Health Care REIT

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Family Firm Inc. purchased a new position in Sabra Health Care REIT in the 2nd quarter worth about $26,000. Quarry LP purchased a new position in shares of Sabra Health Care REIT in the third quarter worth approximately $30,000. Assetmark Inc. raised its holdings in shares of Sabra Health Care REIT by 168.4% during the third quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 1,231 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sabra Health Care REIT in the 3rd quarter valued at approximately $59,000. Finally, Harbor Capital Advisors Inc. acquired a new position in Sabra Health Care REIT in the 3rd quarter worth approximately $78,000. 99.40% of the stock is owned by institutional investors and hedge funds.

Sabra Health Care REIT Stock Performance

Shares of NASDAQ:SBRA traded up $0.13 during trading hours on Friday, hitting $17.50. The stock had a trading volume of 2,506,500 shares, compared to its average volume of 2,040,646. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.16 and a current ratio of 4.16. The stock's fifty day simple moving average is $18.52 and its 200 day simple moving average is $17.09. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 42.68, a PEG ratio of 2.22 and a beta of 1.24. Sabra Health Care REIT has a 1-year low of $12.83 and a 1-year high of $20.03.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last announced its earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.22). Sabra Health Care REIT had a net margin of 14.20% and a return on equity of 3.51%. The business had revenue of $178.00 million for the quarter, compared to the consensus estimate of $177.19 million. During the same period in the previous year, the firm earned $0.34 EPS. Sell-side analysts anticipate that Sabra Health Care REIT will post 1.39 earnings per share for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.86%. The ex-dividend date of this dividend was Friday, November 15th. Sabra Health Care REIT's dividend payout ratio is presently 292.69%.

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.