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

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Get Free Report) have received an average rating of "Moderate Buy" from the seven research firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $19.33.

Several research firms have commented on SBRA. Citizens Jmp raised shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. JMP Securities raised shares of Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 price objective for the company in a report on Tuesday, January 7th. Finally, Truist Financial increased their price objective 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.

Hedge Funds Weigh In On Sabra Health Care REIT

A number of institutional investors and hedge funds have recently modified their holdings of SBRA. JPMorgan Chase & Co. boosted its holdings in Sabra Health Care REIT by 222.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust's stock valued at $183,996,000 after acquiring an additional 6,819,919 shares during the period. Barclays PLC boosted its holdings in Sabra Health Care REIT by 56.1% during the 3rd quarter. Barclays PLC now owns 678,397 shares of the real estate investment trust's stock valued at $12,624,000 after acquiring an additional 243,895 shares during the period. Franklin Resources Inc. boosted its holdings in Sabra Health Care REIT by 12.3% during the 3rd quarter. Franklin Resources Inc. now owns 524,917 shares of the real estate investment trust's stock valued at $9,543,000 after acquiring an additional 57,551 shares during the period. Bank of New York Mellon Corp boosted its holdings in Sabra Health Care REIT by 13.0% during the 4th quarter. Bank of New York Mellon Corp now owns 4,039,651 shares of the real estate investment trust's stock valued at $69,967,000 after acquiring an additional 463,601 shares during the period. Finally, abrdn plc boosted its holdings in Sabra Health Care REIT by 2.9% during the 4th quarter. abrdn plc now owns 900,690 shares of the real estate investment trust's stock valued at $15,600,000 after acquiring an additional 25,195 shares during the period. Hedge funds and other institutional investors own 99.40% of the company's stock.

Sabra Health Care REIT Price Performance

Sabra Health Care REIT stock traded down $0.03 during mid-day trading on Friday, hitting $17.89. The stock had a trading volume of 272,405 shares, compared to its average volume of 2,125,671. The firm has a market capitalization of $4.26 billion, a P/E ratio of 33.76, a P/E/G ratio of 1.97 and a beta of 0.93. 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 firm's 50 day moving average is $17.08 and its 200 day moving average is $17.53. Sabra Health Care REIT has a one year low of $13.55 and a one year high of $20.03.

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

Sabra Health Care REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.71%. The ex-dividend date was Friday, February 14th. 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.