Sabra Health Care REIT Inc (SBRA) Given Average Rating of “Hold” by Analysts

Shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) have been given a consensus rating of “Hold” by the thirteen analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $21.50.

A number of brokerages have recently weighed in on SBRA. Zacks Investment Research raised Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Thursday, February 21st. ValuEngine raised Sabra Health Care REIT from a “sell” rating to a “hold” rating in a report on Thursday, March 14th. BidaskClub raised Sabra Health Care REIT from a “strong sell” rating to a “sell” rating in a report on Friday, March 22nd. Finally, BMO Capital Markets lowered Sabra Health Care REIT from a “market perform” rating to an “underperform” rating in a report on Tuesday, February 26th.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc boosted its stake in shares of Sabra Health Care REIT by 0.7% in the third quarter. Vanguard Group Inc now owns 26,162,826 shares of the real estate investment trust’s stock worth $604,885,000 after buying an additional 173,363 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Sabra Health Care REIT by 17.7% in the fourth quarter. Northern Trust Corp now owns 5,176,368 shares of the real estate investment trust’s stock worth $85,307,000 after buying an additional 779,562 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Sabra Health Care REIT by 342.1% in the first quarter. Principal Financial Group Inc. now owns 3,490,597 shares of the real estate investment trust’s stock worth $67,962,000 after buying an additional 2,701,133 shares during the last quarter. Centersquare Investment Management LLC boosted its stake in shares of Sabra Health Care REIT by 319,577.4% in the first quarter. Centersquare Investment Management LLC now owns 3,219,151 shares of the real estate investment trust’s stock worth $62,676,000 after buying an additional 3,218,144 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Sabra Health Care REIT by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,850,818 shares of the real estate investment trust’s stock worth $55,507,000 after buying an additional 42,035 shares during the last quarter. Hedge funds and other institutional investors own 85.97% of the company’s stock.

Shares of SBRA stock traded up $0.48 during mid-day trading on Friday, reaching $19.75. The stock had a trading volume of 1,279,565 shares, compared to its average volume of 1,144,322. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.83 and a current ratio of 1.50. The firm has a market capitalization of $3.46 billion, a PE ratio of 8.62, a P/E/G ratio of 10.48 and a beta of 1.00. Sabra Health Care REIT has a 1-year low of $15.70 and a 1-year high of $23.83.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.94). The firm had revenue of $136.77 million during the quarter, compared to analyst estimates of $144.87 million. Sabra Health Care REIT had a net margin of 23.38% and a return on equity of 4.25%. Sell-side analysts forecast that Sabra Health Care REIT will post 1.94 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.11%. Sabra Health Care REIT’s payout ratio is 78.60%.

Sabra Health Care REIT Company Profile

As of December 31, 2018, Sabra's investment portfolio included 470 real estate properties held for investment (consisting of (i) 335 Skilled Nursing/Transitional Care facilities, (ii) 90 Senior Housing communities (“Senior Housing – Leased”), (iii) 23 Senior Housing communities operated by third-party property managers pursuant to property management agreements (“Senior Housing – Managed”) and (iv) 22 Specialty Hospitals and Other facilities), one investment in a direct financing lease, 22 investments in loans receivable (consisting of (i) one mortgage loan, (ii) two construction loans, (iii) one mezzanine loan and (iv) 18 other loans), nine preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.

Featured Article: What is the Current Ratio?

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

Receive News & Ratings for Sabra Health Care REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabra Health Care REIT and related companies with MarketBeat.com's FREE daily email newsletter.