Brokerages Set Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Price Target at $19.33

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) has received a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $19.33.

SBRA has been the subject of a number of analyst reports. 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. JMP Securities upgraded shares of 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 report on Tuesday, January 7th. Truist Financial lifted their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Tuesday, March 18th. 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.

Institutional Trading of Sabra Health Care REIT

Hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of Sabra Health Care REIT by 0.8% in the third quarter. Principal Financial Group Inc. now owns 21,573,436 shares of the real estate investment trust’s stock valued at $401,479,000 after purchasing an additional 167,069 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Sabra Health Care REIT by 6.5% in the 3rd quarter. Natixis Advisors LLC now owns 28,346 shares of the real estate investment trust’s stock valued at $528,000 after buying an additional 1,739 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Sabra Health Care REIT by 2.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 159,944 shares of the real estate investment trust’s stock worth $2,977,000 after acquiring an additional 4,036 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Sabra Health Care REIT during the 3rd quarter valued at about $5,224,000. Finally, Intech Investment Management LLC increased its stake in Sabra Health Care REIT by 35.1% in the third quarter. Intech Investment Management LLC now owns 99,921 shares of the real estate investment trust’s stock valued at $1,860,000 after acquiring an additional 25,983 shares during the period. Institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Trading Up 0.9 %

Shares of NASDAQ:SBRA opened at $17.54 on Monday. 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 $4.17 billion, a PE ratio of 33.09, a P/E/G ratio of 1.97 and a beta of 1.27. Sabra Health Care REIT has a 1 year low of $13.31 and a 1 year high of $20.03. The firm has a fifty day moving average price of $16.83 and a 200 day moving average price of $17.67.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The company had revenue of $182.35 million during the quarter, compared to the consensus estimate of $178.01 million. Analysts expect that Sabra Health Care REIT will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 annualized dividend and a yield of 6.84%. Sabra Health Care REIT’s dividend payout ratio is 226.42%.

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.