Shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA – Get Free Report) have received an average rating of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $20.7143.
SBRA has been the topic of a number of recent analyst reports. Cantor Fitzgerald initiated coverage on shares of Sabra Healthcare REIT in a report on Wednesday, October 1st. They issued a “neutral” rating and a $20.00 price objective on the stock. Scotiabank boosted their price target on Sabra Healthcare REIT from $19.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Monday, June 23rd. Wells Fargo & Company boosted their price target on Sabra Healthcare REIT from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. BMO Capital Markets boosted their price target on Sabra Healthcare REIT from $19.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, August 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Sabra Healthcare REIT in a research note on Wednesday, October 8th.
Check Out Our Latest Stock Report on SBRA
Sabra Healthcare REIT Stock Performance
Sabra Healthcare REIT (NASDAQ:SBRA – Get Free Report) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. Sabra Healthcare REIT had a net margin of 24.87% and a return on equity of 6.69%. The business had revenue of $189.15 million for the quarter, compared to analysts’ expectations of $185.64 million. During the same period in the previous year, the company posted $0.36 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Sabra Healthcare REIT has set its FY 2025 guidance at 1.450-1.470 EPS. As a group, sell-side analysts expect that Sabra Healthcare REIT will post 1.45 EPS for the current fiscal year.
Sabra Healthcare REIT Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend was Friday, August 15th. Sabra Healthcare REIT’s dividend payout ratio is presently 157.89%.
Institutional Investors Weigh In On Sabra Healthcare REIT
A number of institutional investors have recently modified their holdings of the stock. State of Michigan Retirement System raised its stake in shares of Sabra Healthcare REIT by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 56,649 shares of the real estate investment trust’s stock valued at $990,000 after purchasing an additional 600 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Sabra Healthcare REIT by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 66,300 shares of the real estate investment trust’s stock valued at $1,158,000 after buying an additional 600 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in Sabra Healthcare REIT by 17.2% during the first quarter. Harbor Capital Advisors Inc. now owns 4,377 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 642 shares in the last quarter. Diversify Advisory Services LLC raised its stake in Sabra Healthcare REIT by 5.7% during the first quarter. Diversify Advisory Services LLC now owns 12,878 shares of the real estate investment trust’s stock valued at $226,000 after buying an additional 689 shares in the last quarter. Finally, IFP Advisors Inc raised its position in shares of Sabra Healthcare REIT by 16.2% during the 1st quarter. IFP Advisors Inc now owns 5,060 shares of the real estate investment trust’s stock valued at $88,000 after acquiring an additional 706 shares in the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.
Sabra Healthcare 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.
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