Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Receives Average Rating of “Reduce” from Brokerages

Sabra Health Care REIT logoSabra Health Care REIT, Inc. (NASDAQ:SBRA – Get Rating) has received a consensus recommendation of “Hold” from the eleven rating firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $12.72.

SBRA has been the topic of a number of recent analyst reports. Wells Fargo & Company assumed coverage on Sabra Health Care REIT in a research note on Wednesday, April 19th. They issued an “underweight” rating and a $11.00 price objective on the stock. Credit Suisse Group reissued a “neutral” rating and issued a $13.00 price target on shares of Sabra Health Care REIT in a research note on Wednesday, April 12th. Truist Financial reduced their price objective on shares of Sabra Health Care REIT from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, March 29th. StockNews.com initiated coverage on shares of Sabra Health Care REIT in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Stifel Nicolaus decreased their price target on shares of Sabra Health Care REIT from $15.00 to $14.00 in a research note on Thursday, May 4th.

Sabra Health Care REIT Price Performance

Shares of NASDAQ SBRA opened at $11.76 on Tuesday. The company has a market capitalization of $2.72 billion, a PE ratio of -21.00 and a beta of 1.30. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.81. Sabra Health Care REIT has a twelve month low of $10.08 and a twelve month high of $16.60. The firm has a fifty day simple moving average of $11.27 and a 200 day simple moving average of $12.03.

Sabra Health Care REIT Dividend Announcement

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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Tuesday, May 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 10.20%. The ex-dividend date of this dividend was Monday, May 15th. Sabra Health Care REIT’s dividend payout ratio is currently -214.28%.

Hedge Funds Weigh In On Sabra Health Care REIT

Hedge funds have recently bought and sold shares of the company. Ziegler Capital Management LLC purchased a new stake in Sabra Health Care REIT in the 4th quarter valued at about $1,066,000. Retirement Systems of Alabama lifted its holdings in Sabra Health Care REIT by 0.7% during the fourth quarter. Retirement Systems of Alabama now owns 304,435 shares of the real estate investment trust’s stock worth $3,784,000 after acquiring an additional 2,054 shares during the period. Versor Investments LP purchased a new position in Sabra Health Care REIT in the fourth quarter worth $938,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Sabra Health Care REIT by 467.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 637,345 shares of the real estate investment trust’s stock valued at $7,922,000 after purchasing an additional 524,961 shares during the period. Finally, the Arizona State Retirement System increased its position in shares of Sabra Health Care REIT by 3.8% during the 4th quarter. Arizona State Retirement System now owns 65,174 shares of the real estate investment trust’s stock valued at $810,000 after purchasing an additional 2,412 shares during the last quarter. 87.20% of the stock is owned by hedge funds and other institutional investors.

About Sabra Health Care REIT

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As of March 31, 2023, Sabra’s investment portfolio included 396 real estate properties held for investment (consisting of (i) 258 Skilled Nursing/Transitional Care facilities, (ii) 47 senior housing communities (Senior Housing – Leased), (iii) 59 senior housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing – Managed), (iv) 17 Behavioral Health facilities and (v) 15 Specialty Hospitals and Other facilities), 13 investments in loans receivable (consisting of two mortgage loans and 11 other loans), six preferred equity investments and three investments in unconsolidated joint ventures.

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

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