Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Receives $19.33 Consensus Target Price from Analysts

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) have received a consensus rating of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $19.33.

Several equities research analysts recently issued reports on the company. Truist Financial lifted their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Tuesday, March 18th. Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, JMP Securities upgraded shares of Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research report on Tuesday, January 7th.

Institutional Trading of Sabra Health Care REIT

Several hedge funds and other institutional investors have recently bought and sold shares of SBRA. QRG Capital Management Inc. boosted its stake in shares of Sabra Health Care REIT by 1.4% in the 1st quarter. QRG Capital Management Inc. now owns 60,796 shares of the real estate investment trust’s stock valued at $1,062,000 after purchasing an additional 813 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Sabra Health Care REIT by 2.9% in the first quarter. Janney Montgomery Scott LLC now owns 182,328 shares of the real estate investment trust’s stock worth $3,185,000 after purchasing an additional 5,167 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in Sabra Health Care REIT during the first quarter valued at about $835,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Sabra Health Care REIT during the first quarter valued at about $180,000. Finally, Fifth Third Bancorp increased its holdings in shares of Sabra Health Care REIT by 110.3% in the first quarter. Fifth Third Bancorp now owns 3,835 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 2,011 shares during the period. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Trading Down 0.2 %

Shares of SBRA opened at $18.14 on Friday. Sabra Health Care REIT has a twelve month low of $13.49 and a twelve month high of $20.03. The stock has a market cap of $4.32 billion, a PE ratio of 34.23, a P/E/G ratio of 1.97 and a beta of 0.93. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88. The business’s 50-day moving average price is $17.02 and its 200-day moving average price is $17.53.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. The business had revenue of $182.35 million for the quarter, compared to analyst estimates of $178.01 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. On average, equities analysts forecast that Sabra Health Care REIT will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 6.62%. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 226.42%.

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.