Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Given Average Rating of “Moderate Buy” by Analysts

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

SBRA has been the subject of several recent analyst reports. JMP Securities upgraded shares of Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Tuesday, January 7th. Mizuho reiterated 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. Truist Financial cut Sabra Health Care REIT from a “buy” rating to a “hold” rating and lowered their target price for the company from $18.00 to $17.00 in a research report on Friday, January 17th. Finally, Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th.

Hedge Funds Weigh In On Sabra Health Care REIT

Several hedge funds have recently modified their holdings of the company. VSM Wealth Advisory LLC acquired a new stake in shares of Sabra Health Care REIT in the fourth quarter valued at $26,000. Quarry LP acquired a new stake in Sabra Health Care REIT in the 3rd quarter valued at about $30,000. Assetmark Inc. lifted its holdings in Sabra Health Care REIT by 168.4% in the 3rd quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,231 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Sabra Health Care REIT in the 3rd quarter worth approximately $59,000. Finally, GF Fund Management CO. LTD. bought a new stake in shares of Sabra Health Care REIT in the 4th quarter worth approximately $74,000. 99.40% of the stock is currently owned by institutional investors and hedge funds.

Sabra Health Care REIT Trading Down 0.2 %

Sabra Health Care REIT stock opened at $16.39 on Thursday. Sabra Health Care REIT has a 1 year low of $13.31 and a 1 year high of $20.03. The firm’s 50-day moving average is $16.78 and its 200-day moving average is $17.62. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32. The company has a market cap of $3.90 billion, a P/E ratio of 30.93, a PEG ratio of 1.97 and a beta of 1.25.

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

Sabra Health Care REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a yield of 7.32%. Sabra Health Care REIT’s dividend payout ratio (DPR) is 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.