Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) have received an average rating of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $19.33.

Several research analysts have commented on SBRA shares. Truist Financial raised their target price on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, March 18th. JMP Securities upgraded shares of Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research report on Tuesday, January 7th. Finally, Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th.

Institutional Investors Weigh In On Sabra Health Care REIT

Several large investors have recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in 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 worth $401,479,000 after acquiring an additional 167,069 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Sabra Health Care REIT by 33.3% in the third quarter. HighTower Advisors LLC now owns 29,619 shares of the real estate investment trust’s stock worth $547,000 after purchasing an additional 7,403 shares in the last quarter. Barclays PLC boosted its holdings in Sabra Health Care REIT by 56.1% in the third quarter. Barclays PLC now owns 678,397 shares of the real estate investment trust’s stock worth $12,624,000 after purchasing an additional 243,895 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Sabra Health Care REIT during the third quarter worth $59,000. Finally, Franklin Resources Inc. raised its holdings in Sabra Health Care REIT by 12.3% during the third quarter. Franklin Resources Inc. now owns 524,917 shares of the real estate investment trust’s stock valued at $9,543,000 after buying an additional 57,551 shares in the last quarter. Institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Trading Down 0.7 %

Sabra Health Care REIT stock opened at $17.50 on Friday. Sabra Health Care REIT has a 1 year low of $13.55 and a 1 year high of $20.03. The firm’s 50 day moving average price is $17.12 and its two-hundred day moving average price is $17.53. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 33.02, a price-to-earnings-growth ratio of 1.97 and a beta of 0.93. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $178.01 million. On average, research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued 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 dividend yield of 6.86%. Sabra Health Care REIT’s dividend payout ratio 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.