Sabra Health Care REIT (NASDAQ:SBRA) Downgraded to "Hold" Rating by Truist Financial

Truist Financial downgraded shares of Sabra Health Care REIT (NASDAQ:SBRA - Free Report) from a buy rating to a hold rating in a research note released on Friday, MarketBeat Ratings reports. They currently have $17.00 price target on the real estate investment trust's stock, down from their previous price target of $18.00.

Other equities research analysts have also issued reports about the company. JMP Securities upgraded 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 research note on Tuesday, January 7th. Wells Fargo & Company upgraded Sabra Health Care REIT from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $16.00 to $20.00 in a research note on Tuesday, October 1st. Scotiabank upped their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a "sector perform" rating in a research note on Friday, October 11th. Mizuho restated a "neutral" rating and issued a $20.00 price objective on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Finally, Citizens Jmp upgraded Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $19.13.

Sabra Health Care REIT Stock Down 1.4 %

Shares of SBRA traded down $0.24 during mid-day trading on Friday, reaching $16.94. The company had a trading volume of 1,729,884 shares, compared to its average volume of 1,767,751. 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 firm has a 50-day moving average price of $17.71 and a 200 day moving average price of $17.51. Sabra Health Care REIT has a 52 week low of $12.83 and a 52 week high of $20.03. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 41.32, a price-to-earnings-growth ratio of 2.05 and a beta of 1.26.

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

Sabra Health Care REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 7.08%. The ex-dividend date was Friday, November 15th. Sabra Health Care REIT's dividend payout ratio (DPR) is presently 292.69%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Inspire Investing LLC lifted its holdings in shares of Sabra Health Care REIT by 4.5% in the 4th quarter. Inspire Investing LLC now owns 23,152 shares of the real estate investment trust's stock valued at $401,000 after acquiring an additional 992 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Sabra Health Care REIT by 0.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust's stock worth $3,068,000 after acquiring an additional 763 shares during the period. SG Americas Securities LLC increased its position in shares of Sabra Health Care REIT by 31.1% during the fourth quarter. SG Americas Securities LLC now owns 21,941 shares of the real estate investment trust's stock worth $380,000 after acquiring an additional 5,204 shares during the period. Diversify Advisory Services LLC purchased a new position in shares of Sabra Health Care REIT during the fourth quarter worth approximately $202,000. Finally, ORG Partners LLC increased its position in shares of Sabra Health Care REIT by 2,031.8% during the fourth quarter. ORG Partners LLC now owns 25,283 shares of the real estate investment trust's stock worth $438,000 after acquiring an additional 24,097 shares during the period. Institutional investors own 99.40% of the company's stock.

About Sabra Health Care REIT

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.