Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Given Average Rating of “Hold” by Brokerages

Sabra Health Care REIT, Inc. (NASDAQ:SBRAGet Rating) has been assigned a consensus recommendation of “Hold” from the twelve brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $15.00.

A number of research firms have recently weighed in on SBRA. Robert W. Baird lowered shares of Sabra Health Care REIT from an “outperform” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research report on Monday, October 10th. Barclays upped their price target on shares of Sabra Health Care REIT to $15.00 in a research report on Tuesday, August 9th. StockNews.com began coverage on shares of Sabra Health Care REIT in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Citigroup upped their price target on shares of Sabra Health Care REIT to $15.50 in a research report on Monday, August 22nd. Finally, Bank of America lowered shares of Sabra Health Care REIT from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $15.00 to $13.00 in a research report on Monday, November 14th.

Sabra Health Care REIT Stock Performance

NASDAQ:SBRA opened at $12.53 on Friday. The firm has a 50 day simple moving average of $12.95 and a 200-day simple moving average of $13.95. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. The firm has a market cap of $2.89 billion, a PE ratio of -156.63 and a beta of 1.29. Sabra Health Care REIT has a 1-year low of $11.44 and a 1-year high of $16.60.

Sabra Health Care REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Thursday, November 17th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $1.20 annualized dividend and a yield of 9.58%. Sabra Health Care REIT’s dividend payout ratio is currently -1,500.00%.

Institutional Investors Weigh In On Sabra Health Care REIT

Several institutional investors have recently bought and sold shares of the business. Northwestern Mutual Investment Management Company LLC grew its stake in Sabra Health Care REIT by 1.8% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 38,659 shares of the real estate investment trust’s stock worth $540,000 after buying an additional 679 shares during the period. State of Michigan Retirement System boosted its stake in shares of Sabra Health Care REIT by 1.2% in the second quarter. State of Michigan Retirement System now owns 58,749 shares of the real estate investment trust’s stock valued at $821,000 after purchasing an additional 700 shares during the period. Arizona State Retirement System boosted its stake in shares of Sabra Health Care REIT by 1.2% in the second quarter. Arizona State Retirement System now owns 62,575 shares of the real estate investment trust’s stock valued at $874,000 after purchasing an additional 760 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Sabra Health Care REIT by 3.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 23,084 shares of the real estate investment trust’s stock valued at $303,000 after purchasing an additional 838 shares during the period. Finally, Xponance Inc. boosted its stake in shares of Sabra Health Care REIT by 2.4% in the third quarter. Xponance Inc. now owns 36,619 shares of the real estate investment trust’s stock valued at $480,000 after purchasing an additional 863 shares during the period. 87.67% of the stock is currently owned by hedge funds and other institutional investors.

Sabra Health Care REIT Company Profile

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As of March 31, 2022, Sabra's investment portfolio included 416 real estate properties held for investment. This consists of (i) 279 Skilled Nursing/Transitional Care facilities, (ii) 59 Senior Housing communities (Senior Housing – Leased), (iii) 50 Senior Housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing – Managed), (iv) 13 Behavioral Health facilities and (v) 15 Specialty Hospitals and Other facilities), one asset held for sale, one investment in a sales-type lease, 16 investments in loans receivable (consisting of (i) two mortgage loans, (ii) one construction loan and (iii) 13 other loans), seven preferred equity investments and one investment in an unconsolidated joint venture.

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

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