Sabra Health Care REIT (NASDAQ:SBRA) PT Raised to $15.00

Sabra Health Care REIT (NASDAQ:SBRA - Free Report) had its target price upped by Scotiabank from $14.00 to $15.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has a sector perform rating on the real estate investment trust's stock.

Other equities analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Sabra Health Care REIT in a report on Tuesday, January 30th. They set a buy rating and a $21.00 target price for the company. Wedbush reiterated an outperform rating and set a $17.00 price objective on shares of Sabra Health Care REIT in a research note on Thursday, February 29th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $15.71.

Sabra Health Care REIT Trading Down 1.2 %

SBRA stock traded down $0.18 on Wednesday, reaching $14.51. The company's stock had a trading volume of 2,730,634 shares, compared to its average volume of 2,033,201. The business has a fifty day simple moving average of $14.20 and a two-hundred day simple moving average of $14.06. Sabra Health Care REIT has a 12-month low of $10.30 and a 12-month high of $14.92. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.33 and a current ratio of 4.33. The firm has a market cap of $3.36 billion, a PE ratio of 72.55, a PEG ratio of 5.20 and a beta of 1.17.

Sabra Health Care REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Monday, May 20th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 8.27%. The ex-dividend date is Friday, May 17th. Sabra Health Care REIT's dividend payout ratio is currently 600.00%.

Institutional Investors Weigh In On Sabra Health Care REIT

Large investors have recently modified their holdings of the business. State of Alaska Department of Revenue increased its stake in shares of Sabra Health Care REIT by 0.6% in the first quarter. State of Alaska Department of Revenue now owns 135,087 shares of the real estate investment trust's stock worth $1,993,000 after acquiring an additional 755 shares during the period. Retirement Systems of Alabama grew its position in Sabra Health Care REIT by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 290,353 shares of the real estate investment trust's stock worth $4,289,000 after purchasing an additional 761 shares during the period. Signaturefd LLC raised its stake in shares of Sabra Health Care REIT by 45.2% during the 3rd quarter. Signaturefd LLC now owns 2,610 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 813 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Sabra Health Care REIT by 0.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 136,667 shares of the real estate investment trust's stock valued at $1,931,000 after buying an additional 825 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of Sabra Health Care REIT by 1.4% in the third quarter. Arizona State Retirement System now owns 65,828 shares of the real estate investment trust's stock worth $918,000 after buying an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company's stock.

About Sabra Health Care REIT

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.