Brokerages Set Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Target Price at $16.80

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $16.80.

Several brokerages recently commented on SBRA. Truist Financial increased their price objective on shares of Sabra Health Care REIT from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Scotiabank raised their price target on shares of Sabra Health Care REIT from $15.00 to $17.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th.

Institutional Investors Weigh In On Sabra Health Care REIT

Several hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Sabra Health Care REIT in the 4th quarter valued at about $31,605,000. Natixis acquired a new position in Sabra Health Care REIT in the first quarter valued at approximately $633,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Sabra Health Care REIT by 63.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 318,808 shares of the real estate investment trust’s stock worth $4,709,000 after purchasing an additional 123,966 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Sabra Health Care REIT by 2.3% during the 4th quarter. Principal Financial Group Inc. now owns 21,487,279 shares of the real estate investment trust’s stock worth $306,623,000 after purchasing an additional 484,086 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Sabra Health Care REIT by 170.2% during the 4th quarter. Russell Investments Group Ltd. now owns 399,215 shares of the real estate investment trust’s stock valued at $5,697,000 after purchasing an additional 251,482 shares in the last quarter. 99.40% of the stock is owned by hedge funds and other institutional investors.

Sabra Health Care REIT Stock Performance

Shares of SBRA stock opened at $17.93 on Thursday. Sabra Health Care REIT has a 12-month low of $12.83 and a 12-month high of $17.98. The business’s fifty day simple moving average is $16.44 and its 200-day simple moving average is $15.05. The company has a current ratio of 4.27, a quick ratio of 4.27 and a debt-to-equity ratio of 0.89. The company has a market cap of $4.20 billion, a PE ratio of 89.65, a PEG ratio of 2.49 and a beta of 1.26.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.24). The business had revenue of $176.14 million for the quarter, compared to analyst estimates of $166.54 million. Sabra Health Care REIT had a net margin of 7.83% and a return on equity of 1.87%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 earnings per share. Analysts expect that Sabra Health Care REIT will post 1.37 earnings per share for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, August 19th. This represents a $1.20 annualized dividend and a dividend yield of 6.69%. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 600.00%.

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.