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

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $18.71.

A number of equities research analysts have commented on SBRA shares. Wells Fargo & Company upgraded shares of Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $16.00 to $20.00 in a report on Tuesday, October 1st. Scotiabank boosted their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. Truist Financial raised their price objective on Sabra Health Care REIT from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Citigroup raised shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $17.00 to $20.00 in a research report on Friday, September 13th.

Sabra Health Care REIT Stock Performance

NASDAQ:SBRA opened at $18.52 on Tuesday. The stock’s 50-day moving average is $18.63 and its 200-day moving average is $16.73. Sabra Health Care REIT has a 1-year low of $12.83 and a 1-year high of $20.03. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.90. The stock has a market cap of $4.38 billion, a P/E ratio of 45.17, a price-to-earnings-growth ratio of 2.31 and a beta of 1.25.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The business had revenue of $178.00 million for 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 previous year, the firm earned $0.34 earnings per share. Equities research analysts anticipate that Sabra Health Care REIT will post 1.39 earnings per share for the current year.

Sabra Health Care REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.48%. The ex-dividend date of this dividend is Friday, November 15th. Sabra Health Care REIT’s payout ratio is 292.69%.

Hedge Funds Weigh In On Sabra Health Care REIT

A number of institutional investors have recently made changes to their positions in SBRA. Wilmington Savings Fund Society FSB bought a new stake in shares of Sabra Health Care REIT during the 3rd quarter worth $59,000. Geode Capital Management LLC boosted its holdings in shares of Sabra Health Care REIT by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 6,294,798 shares of the real estate investment trust’s stock worth $117,165,000 after purchasing an additional 104,533 shares in the last quarter. Vestcor Inc increased its position in shares of Sabra Health Care REIT by 62.5% during the 3rd quarter. Vestcor Inc now owns 207,918 shares of the real estate investment trust’s stock valued at $3,869,000 after purchasing an additional 79,956 shares during the last quarter. M&T Bank Corp increased its position in shares of Sabra Health Care REIT by 2.8% during the 3rd quarter. M&T Bank Corp now owns 50,335 shares of the real estate investment trust’s stock valued at $937,000 after purchasing an additional 1,374 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. raised its holdings in shares of Sabra Health Care REIT by 7.7% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,183,719 shares of the real estate investment trust’s stock valued at $40,639,000 after buying an additional 156,309 shares in the last quarter. 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.