Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) have been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $19.67.

Separately, Scotiabank boosted their price target on shares of Sabra Healthcare REIT from $19.00 to $20.00 and gave the company a “sector perform” rating in a research report on Monday, June 23rd.

Insider Buying and Selling

In related news, Director Michael J. Foster sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $18.22, for a total transaction of $200,420.00. Following the completion of the transaction, the director owned 64,725 shares of the company’s stock, valued at approximately $1,179,289.50. The trade was a 14.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Sabra Healthcare REIT

Hedge funds have recently bought and sold shares of the company. State of Michigan Retirement System grew its stake in Sabra Healthcare REIT by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 56,649 shares of the real estate investment trust’s stock worth $990,000 after buying an additional 600 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Sabra Healthcare REIT by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 66,300 shares of the real estate investment trust’s stock worth $1,158,000 after buying an additional 600 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Sabra Healthcare REIT by 17.2% in the 1st quarter. Harbor Capital Advisors Inc. now owns 4,377 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 642 shares in the last quarter. Diversify Advisory Services LLC grew its stake in Sabra Healthcare REIT by 5.7% in the 1st quarter. Diversify Advisory Services LLC now owns 12,878 shares of the real estate investment trust’s stock worth $226,000 after buying an additional 689 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in Sabra Healthcare REIT by 16.2% in the 1st quarter. IFP Advisors Inc now owns 5,060 shares of the real estate investment trust’s stock worth $88,000 after buying an additional 706 shares in the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Sabra Healthcare REIT Stock Performance

NASDAQ SBRA opened at $18.22 on Friday. The company’s 50 day moving average is $18.10 and its 200-day moving average is $17.46. Sabra Healthcare REIT has a 12-month low of $15.60 and a 12-month high of $20.03. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.89. The firm has a market cap of $4.34 billion, a P/E ratio of 30.88, a price-to-earnings-growth ratio of 1.51 and a beta of 0.85.

Sabra Healthcare REIT (NASDAQ:SBRA) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. Sabra Healthcare REIT had a net margin of 19.55% and a return on equity of 5.14%. The company had revenue of $183.54 million for the quarter, compared to analyst estimates of $180.23 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Sell-side analysts predict that Sabra Healthcare REIT will post 1.45 earnings per share for the current year.

Sabra Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 6.59%. Sabra Healthcare REIT’s dividend payout ratio is currently 203.39%.

Sabra Healthcare REIT Company Profile

Sabra Health Care REIT, Inc engages in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Tustin, CA.