Sabra Healthcare REIT (NASDAQ:SBRA) Given New $22.00 Price Target at BMO Capital Markets

Sabra Healthcare REIT (NASDAQ:SBRA) had its price target upped by BMO Capital Markets from $19.00 to $22.00 in a report published on Monday,Benzinga reports. The firm currently has a market perform rating on the real estate investment trust’s stock.

Several other research analysts have also commented on the company. Scotiabank lifted their price target on Sabra Healthcare REIT from $19.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Monday, June 23rd. JMP Securities boosted their price objective on shares of Sabra Healthcare REIT from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.29.

Sabra Healthcare REIT Price Performance

NASDAQ SBRA opened at $19.25 on Monday. The business’s fifty day moving average price is $18.47 and its 200-day moving average price is $17.72. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 1.56 and a beta of 0.86. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.80 and a quick ratio of 4.80. Sabra Healthcare REIT has a 1-year low of $15.60 and a 1-year high of $20.03.

Sabra Healthcare REIT (NASDAQ:SBRA) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate of $0.36 by $0.02. The firm had revenue of $189.15 million during the quarter, compared to analyst estimates of $185.64 million. Sabra Healthcare REIT had a return on equity of 6.69% and a net margin of 24.87%.Sabra Healthcare REIT’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 EPS. Sabra Healthcare REIT has set its FY 2025 guidance at 1.450-1.470 EPS. On average, equities analysts predict that Sabra Healthcare REIT will post 1.45 earnings per share for the current year.

Sabra Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.2%. Sabra Healthcare REIT’s payout ratio is 157.89%.

Institutional Investors Weigh In On Sabra Healthcare REIT

Hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new stake in Sabra Healthcare REIT in the first quarter valued at $298,000. New York State Teachers Retirement System boosted its holdings in Sabra Healthcare REIT by 12.1% in the first quarter. New York State Teachers Retirement System now owns 321,647 shares of the real estate investment trust’s stock valued at $5,619,000 after purchasing an additional 34,591 shares during the last quarter. M&T Bank Corp boosted its holdings in Sabra Healthcare REIT by 2.1% in the first quarter. M&T Bank Corp now owns 51,827 shares of the real estate investment trust’s stock valued at $905,000 after purchasing an additional 1,059 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Sabra Healthcare REIT by 4.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,921 shares of the real estate investment trust’s stock valued at $331,000 after purchasing an additional 853 shares during the last quarter. Finally, Ethos Financial Group LLC purchased a new stake in Sabra Healthcare REIT in the first quarter valued at $1,150,000. 99.40% of the stock is owned by hedge funds and other institutional investors.

About Sabra Healthcare REIT

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.