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

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) has been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $15.79.

A number of brokerages have recently weighed in on SBRA. Scotiabank upped their price target on shares of Sabra Health Care REIT from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 15th. Truist Financial increased their target price on shares of Sabra Health Care REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday.

Sabra Health Care REIT Trading Up 1.9 %

Sabra Health Care REIT stock opened at $15.40 on Friday. The firm has a 50-day moving average price of $14.37 and a two-hundred day moving average price of $14.11. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 77.00, a PEG ratio of 2.37 and a beta of 1.22. Sabra Health Care REIT has a 52-week low of $11.57 and a 52-week high of $15.43. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 0.89.

Sabra Health Care REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, May 17th. This represents a $1.20 annualized dividend and a dividend yield of 7.79%. Sabra Health Care REIT’s dividend payout ratio (DPR) is 600.00%.

Insider Transactions at Sabra Health Care REIT

In other Sabra Health Care REIT news, Director Catherine Cusack purchased 7,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were bought at an average price of $14.43 per share, for a total transaction of $101,010.00. Following the purchase, the director now directly owns 46,385 shares in the company, valued at approximately $669,335.55. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Bright Futures Wealth Management LLC. bought a new stake in shares of Sabra Health Care REIT during the 1st quarter worth $548,000. Cetera Advisors LLC boosted its holdings in shares of Sabra Health Care REIT by 996.2% during the 1st quarter. Cetera Advisors LLC now owns 149,574 shares of the real estate investment trust’s stock worth $2,209,000 after buying an additional 135,929 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Sabra Health Care REIT by 34.1% during the 1st quarter. Cetera Investment Advisers now owns 406,675 shares of the real estate investment trust’s stock worth $6,007,000 after buying an additional 103,413 shares during the period. EMC Capital Management boosted its holdings in shares of Sabra Health Care REIT by 6.2% during the 1st quarter. EMC Capital Management now owns 23,972 shares of the real estate investment trust’s stock worth $354,000 after buying an additional 1,400 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Sabra Health Care REIT by 2.9% during the 1st quarter. Janus Henderson Group PLC now owns 5,199,682 shares of the real estate investment trust’s stock worth $76,701,000 after buying an additional 145,548 shares during the period. Institutional investors and hedge funds own 99.40% of the company’s stock.

Sabra Health Care REIT Company Profile

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.