Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Receives $15.71 Consensus Price Target from Brokerages

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRAGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $15.71.

SBRA has been the subject of several analyst reports. Scotiabank raised their price target on shares of Sabra Health Care REIT from $14.00 to $15.00 and gave the company a “sector perform” rating in a report on Wednesday, May 15th. Wedbush reissued an “outperform” rating and set a $17.00 price objective on shares of Sabra Health Care REIT in a research note on Thursday, February 29th.

View Our Latest Analysis on Sabra Health Care REIT

Insider Activity at Sabra Health Care REIT

In other Sabra Health Care REIT news, Director Catherine Cusack purchased 7,000 shares of Sabra Health Care REIT stock in a transaction on Wednesday, May 22nd. The shares were acquired at an average cost of $14.43 per share, for a total transaction of $101,010.00. Following the completion of the transaction, the director now directly owns 46,385 shares of the company’s stock, valued at $669,335.55. The purchase was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Sabra Health Care REIT

Several hedge funds have recently added to or reduced their stakes in SBRA. State of Alaska Department of Revenue lifted its stake in shares of Sabra Health Care REIT by 0.6% in the 1st quarter. State of Alaska Department of Revenue now owns 135,087 shares of the real estate investment trust’s stock valued at $1,993,000 after acquiring an additional 755 shares during the last quarter. Retirement Systems of Alabama lifted its position in Sabra Health Care REIT by 0.3% in the first quarter. Retirement Systems of Alabama now owns 290,353 shares of the real estate investment trust’s stock valued at $4,289,000 after purchasing an additional 761 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Sabra Health Care REIT by 45.2% during the third quarter. Signaturefd LLC now owns 2,610 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 813 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Sabra Health Care REIT by 0.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 136,667 shares of the real estate investment trust’s stock worth $1,931,000 after purchasing an additional 825 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Sabra Health Care REIT by 1.4% in the third quarter. Arizona State Retirement System now owns 65,828 shares of the real estate investment trust’s stock worth $918,000 after purchasing an additional 900 shares during the last quarter. 99.40% of the stock is owned by institutional investors.

Sabra Health Care REIT Price Performance

SBRA stock opened at $14.58 on Tuesday. The firm has a 50 day moving average of $14.24 and a 200-day moving average of $14.09. The firm has a market capitalization of $3.38 billion, a P/E ratio of 72.90, a price-to-earnings-growth ratio of 2.42 and a beta of 1.17. Sabra Health Care REIT has a 12 month low of $10.49 and a 12 month high of $14.92. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.23%. The ex-dividend date of this dividend was Friday, May 17th. Sabra Health Care REIT’s payout ratio is currently 600.00%.

About Sabra Health Care REIT

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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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