Scotiabank Raises Sabra Health Care REIT (NASDAQ:SBRA) Price Target to $15.00

Sabra Health Care REIT (NASDAQ:SBRAFree Report) had its target price increased by Scotiabank from $14.00 to $15.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a sector perform rating on the real estate investment trust’s stock.

Other equities research analysts have also issued reports about the stock. Wedbush reaffirmed an outperform rating and set a $17.00 price target on shares of Sabra Health Care REIT in a report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft started coverage on shares of Sabra Health Care REIT in a research report on Tuesday, January 30th. They set a buy rating and a $21.00 target price on the stock. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $15.71.

View Our Latest Stock Analysis on Sabra Health Care REIT

Sabra Health Care REIT Stock Performance

Shares of Sabra Health Care REIT stock opened at $14.33 on Wednesday. The company has a 50 day moving average of $14.22 and a 200-day moving average of $14.07. The company has a market cap of $3.32 billion, a PE ratio of 71.65, a price-to-earnings-growth ratio of 5.20 and a beta of 1.17. The company has a current ratio of 4.33, a quick ratio of 4.33 and a debt-to-equity ratio of 0.89. Sabra Health Care REIT has a 1-year low of $10.30 and a 1-year high of $14.92.

Sabra Health Care REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Monday, May 20th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.20 dividend on an annualized basis and a yield of 8.37%. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 600.00%.

Institutional Investors Weigh In On Sabra Health Care REIT

Institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its position 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 buying an additional 484,086 shares in the last quarter. Russell Investments Group Ltd. grew its position in Sabra Health Care REIT by 170.2% during the fourth quarter. Russell Investments Group Ltd. now owns 399,215 shares of the real estate investment trust’s stock valued at $5,697,000 after buying an additional 251,482 shares during the period. Duff & Phelps Investment Management Co. lifted its position in shares of Sabra Health Care REIT by 58.8% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 2,101,595 shares of the real estate investment trust’s stock valued at $29,990,000 after buying an additional 778,355 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Sabra Health Care REIT by 709.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,504,420 shares of the real estate investment trust’s stock worth $188,252,000 after acquiring an additional 11,835,109 shares during the period. Finally, Graham Capital Management L.P. bought a new stake in Sabra Health Care REIT in the 3rd quarter valued at about $1,392,000. Institutional investors and hedge funds own 99.40% of the company’s stock.

Sabra Health Care REIT Company Profile

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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.

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Analyst Recommendations for Sabra Health Care REIT (NASDAQ:SBRA)

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