Sabra Health Care REIT (NASDAQ:SBRA) Reaches New 1-Year High at $14.92

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) hit a new 52-week high during trading on Wednesday . The stock traded as high as $14.92 and last traded at $14.87, with a volume of 2811924 shares trading hands. The stock had previously closed at $14.74.

Analyst Upgrades and Downgrades

SBRA has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Sabra Health Care REIT in a report on Tuesday, January 30th. They issued a “buy” rating and a $21.00 target price for the company. Wedbush reissued an “outperform” rating and set a $17.00 price target on shares of Sabra Health Care REIT in a research report on Thursday, February 29th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sabra Health Care REIT presently has an average rating of “Moderate Buy” and an average target price of $15.77.

Sabra Health Care REIT Stock Performance

The firm has a market cap of $3.44 billion, a P/E ratio of 297.40, 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 quick ratio of 3.41 and a current ratio of 3.41. The business’s 50-day simple moving average is $14.12 and its 200 day simple moving average is $14.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Tennessee Valley Asset Management Partners purchased a new stake in shares of Sabra Health Care REIT in the 4th quarter worth $25,000. GAMMA Investing LLC bought a new stake in Sabra Health Care REIT during the fourth quarter valued at about $33,000. Signaturefd LLC increased its position in Sabra Health Care REIT by 45.2% in the third quarter. Signaturefd LLC now owns 2,610 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 813 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Sabra Health Care REIT in the fourth quarter worth about $41,000. Finally, Principal Securities Inc. purchased a new position in shares of Sabra Health Care REIT during the 4th quarter valued at about $46,000. 99.40% of the stock is owned by hedge funds and other institutional investors.

Sabra Health Care REIT Company Profile

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.