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

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) have earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $18.86.

A number of equities analysts recently weighed in on the company. Truist Financial cut Sabra Health Care REIT from a “buy” rating to a “hold” rating and dropped their price target for the stock from $18.00 to $17.00 in a research note on Friday, January 17th. JMP Securities upgraded Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Tuesday, January 7th. Scotiabank raised their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, Mizuho restated a “neutral” rating and set a $20.00 price objective on shares of Sabra Health Care REIT in a research report on Thursday, December 5th.

Institutional Investors Weigh In On Sabra Health Care REIT

Several institutional investors have recently made changes to their positions in SBRA. Quarry LP acquired a new stake in shares of Sabra Health Care REIT during the 3rd quarter valued at about $30,000. Assetmark Inc. lifted its holdings in shares of Sabra Health Care REIT by 168.4% during the 3rd quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 1,231 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sabra Health Care REIT during the 3rd quarter valued at about $59,000. Harbor Capital Advisors Inc. acquired a new stake in Sabra Health Care REIT in the 3rd quarter worth approximately $78,000. Finally, GAMMA Investing LLC lifted its holdings in Sabra Health Care REIT by 25.3% in the 3rd quarter. GAMMA Investing LLC now owns 4,614 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 932 shares during the last quarter. 99.40% of the stock is currently owned by institutional investors and hedge funds.

Sabra Health Care REIT Trading Down 0.6 %

Shares of SBRA opened at $16.79 on Friday. The business’s 50-day moving average price is $17.21 and its 200 day moving average price is $17.62. The stock has a market capitalization of $3.97 billion, a P/E ratio of 40.95, a P/E/G ratio of 2.01 and a beta of 1.25. Sabra Health Care REIT has a 1-year low of $12.88 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.

Sabra Health Care REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 7.15%. Sabra Health Care REIT’s dividend payout ratio is 292.68%.

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.