Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the seven research firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $19.33.

A number of equities research analysts have recently issued reports on SBRA shares. Citizens Jmp raised shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Truist Financial lifted their target price on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the company a "hold" rating in a report on Tuesday, March 18th. JMP Securities upgraded Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 price target on the stock in a research note on Tuesday, January 7th. Finally, Mizuho restated a "neutral" rating and set a $20.00 price target on shares of Sabra Health Care REIT in a research report on Thursday, December 5th.

Institutional Trading of Sabra Health Care REIT

Several hedge funds have recently modified their holdings of SBRA. Wellington Management Group LLP grew its stake in Sabra Health Care REIT by 33.7% during the 4th quarter. Wellington Management Group LLP now owns 3,205,042 shares of the real estate investment trust's stock worth $55,511,000 after purchasing an additional 808,207 shares in the last quarter. Comprehensive Money Management Services LLC acquired a new position in shares of Sabra Health Care REIT during the fourth quarter worth about $333,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Sabra Health Care REIT during the fourth quarter worth approximately $14,241,000. Jefferies Financial Group Inc. purchased a new stake in shares of Sabra Health Care REIT during the fourth quarter worth approximately $348,000. Finally, Mackenzie Financial Corp raised its holdings in Sabra Health Care REIT by 22.1% in the fourth quarter. Mackenzie Financial Corp now owns 289,870 shares of the real estate investment trust's stock valued at $5,021,000 after acquiring an additional 52,441 shares in the last quarter. 99.40% of the stock is currently owned by institutional investors and hedge funds.

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Sabra Health Care REIT Trading Up 0.7 %

SBRA stock traded up $0.12 during midday trading on Monday, hitting $17.38. 1,679,051 shares of the company's stock were exchanged, compared to its average volume of 1,981,769. Sabra Health Care REIT has a 1-year low of $13.31 and a 1-year high of $20.03. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $4.13 billion, a PE ratio of 32.79, a P/E/G ratio of 1.97 and a beta of 1.27. The business has a 50-day simple moving average of $16.82 and a two-hundred day simple moving average of $17.68.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, hitting analysts' consensus estimates of $0.36. The business had revenue of $182.35 million during the quarter, compared to analysts' expectations of $178.01 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. On average, sell-side analysts predict that Sabra Health Care REIT will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.30 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 6.90%. Sabra Health Care REIT's dividend payout ratio (DPR) is 226.42%.

Sabra Health Care REIT Company Profile

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.