Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) has earned an average rating of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $15.77.

Several equities analysts have recently issued reports on SBRA shares. Deutsche Bank Aktiengesellschaft started coverage on 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 reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Sabra Health Care REIT in a report on Thursday, February 29th.

Sabra Health Care REIT Stock Performance

Shares of SBRA opened at $14.22 on Friday. The firm has a market capitalization of $3.29 billion, a P/E ratio of 284.40, a P/E/G ratio of 5.00 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 stock has a 50 day moving average price of $14.08 and a two-hundred day moving average price of $14.03. Sabra Health Care REIT has a 52 week low of $10.30 and a 52 week high of $14.91.

Hedge Funds Weigh In On Sabra Health Care REIT

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Sabra Health Care REIT by 709.0% in the third quarter. JPMorgan Chase & Co. now owns 13,504,420 shares of the real estate investment trust’s stock valued at $188,252,000 after purchasing an additional 11,835,109 shares during the last quarter. Graham Capital Management L.P. purchased a new stake in shares of Sabra Health Care REIT during the third quarter worth $1,392,000. Duff & Phelps Investment Management Co. lifted its position in shares of Sabra Health Care REIT by 58.8% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 2,101,595 shares of the real estate investment trust’s stock worth $29,990,000 after acquiring an additional 778,355 shares in the last quarter. Northern Trust Corp lifted its position in shares of Sabra Health Care REIT by 8.6% during the third quarter. Northern Trust Corp now owns 3,348,859 shares of the real estate investment trust’s stock worth $46,683,000 after acquiring an additional 264,569 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new stake in shares of Sabra Health Care REIT during the third quarter worth $787,000. Hedge funds and other institutional investors own 99.40% of the company’s stock.

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.