Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) have been given an average rating of “Moderate Buy” by the seven brokerages that are covering the company, Marketbeat 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 analysts that have updated their coverage on the stock in the last year is $19.50.

Several equities analysts have recently issued reports on the company. Scotiabank boosted their target price on Sabra Health Care REIT from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Monday, May 12th. Truist Financial upped their price objective 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.

Sabra Health Care REIT Price Performance

Shares of NASDAQ:SBRA opened at $17.87 on Tuesday. The company’s fifty day moving average price is $17.49 and its 200-day moving average price is $17.43. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 1.97 and a beta of 0.88. Sabra Health Care REIT has a one year low of $13.87 and a one year high of $20.03.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $183.54 million for the quarter, compared to analysts’ expectations of $180.23 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the business earned $0.35 earnings per share. On average, equities research analysts anticipate that Sabra Health Care REIT will post 1.45 earnings per share for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date is Friday, May 16th. Sabra Health Care REIT’s payout ratio is 203.39%.

Institutional Investors Weigh In On Sabra Health Care REIT

Hedge funds and other institutional investors have recently modified their holdings of the business. Nuveen LLC purchased a new stake in Sabra Health Care REIT in the 1st quarter valued at about $61,791,000. Norges Bank bought a new stake in shares of Sabra Health Care REIT during the fourth quarter valued at approximately $48,950,000. Jefferies Financial Group Inc. boosted its holdings in shares of Sabra Health Care REIT by 7,196.8% in the first quarter. Jefferies Financial Group Inc. now owns 1,466,000 shares of the real estate investment trust’s stock valued at $25,611,000 after purchasing an additional 1,445,909 shares during the period. Northern Trust Corp boosted its holdings in shares of Sabra Health Care REIT by 27.7% in the fourth quarter. Northern Trust Corp now owns 4,169,385 shares of the real estate investment trust’s stock valued at $72,214,000 after purchasing an additional 905,466 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in Sabra Health Care REIT by 95.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,816,217 shares of the real estate investment trust’s stock worth $31,457,000 after purchasing an additional 888,908 shares in the last quarter. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

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.