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

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $19.17.

A number of equities analysts have weighed in on the stock. Mizuho reiterated a "neutral" rating and issued a $20.00 price target on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Citizens Jmp upgraded Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. JMP Securities upgraded Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 price target for the company in a research note on Tuesday, January 7th. Finally, Truist Financial lowered Sabra Health Care REIT from a "buy" rating to a "hold" rating and reduced their price objective for the company from $18.00 to $17.00 in a research note on Friday, January 17th.

Sabra Health Care REIT Trading Up 1.0 %

SBRA stock traded up $0.16 during midday trading on Thursday, hitting $16.61. The stock had a trading volume of 2,969,923 shares, compared to its average volume of 2,086,993. The company's 50-day moving average price is $16.77 and its 200 day moving average price is $17.62. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16. Sabra Health Care REIT has a 12-month low of $13.31 and a 12-month high of $20.03. The firm has a market cap of $3.95 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 1.97 and a beta of 1.25.

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Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last announced its quarterly earnings data 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. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The business had revenue of $182.35 million for the quarter, compared to analyst estimates of $178.01 million. On average, equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date of this dividend was Friday, February 14th. Sabra Health Care REIT's dividend payout ratio is presently 226.42%.

Institutional Investors Weigh In On Sabra Health Care REIT

A number of large investors have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Sabra Health Care REIT during the 4th 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 valued at approximately $348,000. Mackenzie Financial Corp raised its stake in shares of Sabra Health Care REIT by 22.1% during 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 purchasing an additional 52,441 shares during the period. GF Fund Management CO. LTD. acquired a new position in shares of Sabra Health Care REIT during the fourth quarter worth $74,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Sabra Health Care REIT by 2.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,444,703 shares of the real estate investment trust's stock valued at $25,022,000 after purchasing an additional 40,127 shares during the period. Institutional investors and hedge funds own 99.40% of the company's stock.

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.