Brokerages Set Sabra Health Care REIT, Inc. (NASDAQ:SBRA) PT at $15.77

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $15.77.

SBRA has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on Sabra Health Care REIT in a report on Tuesday, January 30th. They set a “buy” rating and a $21.00 target price for the company. Wedbush reissued an “outperform” rating and set a $17.00 price objective on shares of Sabra Health Care REIT in a research report on Thursday, February 29th.

Hedge Funds Weigh In On Sabra Health Care REIT

A number of institutional investors and hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. increased its position in Sabra Health Care REIT by 0.4% during the first quarter. Principal Financial Group Inc. now owns 21,571,121 shares of the real estate investment trust’s stock valued at $318,605,000 after acquiring an additional 83,842 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Sabra Health Care REIT by 709.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,504,420 shares of the real estate investment trust’s stock worth $188,252,000 after purchasing an additional 11,835,109 shares during the period. LSV Asset Management boosted its holdings in shares of Sabra Health Care REIT by 2.5% in the fourth quarter. LSV Asset Management now owns 4,385,615 shares of the real estate investment trust’s stock worth $62,583,000 after buying an additional 107,266 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Sabra Health Care REIT by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,190,587 shares of the real estate investment trust’s stock valued at $59,800,000 after buying an additional 94,304 shares during the period. Finally, Northern Trust Corp increased its holdings in Sabra Health Care REIT by 8.6% during the third quarter. Northern Trust Corp now owns 3,348,859 shares of the real estate investment trust’s stock valued at $46,683,000 after buying an additional 264,569 shares during the last quarter. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Sabra Health Care REIT Stock Up 0.9 %

Shares of NASDAQ:SBRA opened at $14.35 on Friday. The stock’s 50-day moving average is $14.09 and its 200 day moving average is $14.03. The company has a market cap of $3.32 billion, a PE ratio of 287.00, a P/E/G ratio of 5.15 and a beta of 1.17. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.41 and a quick ratio of 3.41. Sabra Health Care REIT has a 1 year low of $10.30 and a 1 year high of $14.91.

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.