Analysts Set Sabra Health Care REIT, Inc. (NASDAQ:SBRA) PT at $19.50

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) has been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $19.50.

Several equities research analysts recently weighed in on the company. Scotiabank lifted their price objective on Sabra Health Care REIT from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Monday, May 12th. Truist Financial lifted their target price on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “hold” rating in a report on Tuesday, March 18th.

Sabra Health Care REIT Trading Down 0.3%

Shares of SBRA opened at $17.79 on Friday. The business has a 50-day moving average of $17.57 and a 200 day moving average of $17.28. Sabra Health Care REIT has a fifty-two week low of $13.87 and a fifty-two week high of $20.03. The firm has a market cap of $4.23 billion, a P/E ratio of 33.57, a price-to-earnings-growth ratio of 1.97 and a beta of 0.85. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The company had revenue of $183.54 million during the quarter, compared to analyst estimates of $180.23 million. During the same quarter last year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, research analysts forecast that Sabra Health Care REIT will post 1.45 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.75%. The ex-dividend date was Friday, May 16th. Sabra Health Care REIT’s payout ratio is presently 203.39%.

Insider Buying and Selling at Sabra Health Care REIT

In other Sabra Health Care REIT news, Director Michael J. Foster sold 11,000 shares of Sabra Health Care REIT stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $18.22, for a total transaction of $200,420.00. Following the completion of the transaction, the director now owns 64,725 shares of the company’s stock, valued at $1,179,289.50. The trade was a 14.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SBRA. VSM Wealth Advisory LLC bought a new stake in shares of Sabra Health Care REIT during the 4th quarter valued at about $26,000. SVB Wealth LLC bought a new stake in shares of Sabra Health Care REIT during the 1st quarter valued at about $34,000. UMB Bank n.a. boosted its position in shares of Sabra Health Care REIT by 379.6% during the 1st quarter. UMB Bank n.a. now owns 2,048 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 1,621 shares during the last quarter. Wealth Preservation Advisors LLC bought a new stake in shares of Sabra Health Care REIT during the 1st quarter valued at about $38,000. Finally, Assetmark Inc. boosted its position in shares of Sabra Health Care REIT by 33.4% during the 4th quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 656 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

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.