Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Given Consensus Rating of "Moderate Buy" by Analysts

Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Get Free Report) has received an average rating of "Moderate Buy" from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $19.50.

Several brokerages have recently issued reports on SBRA. Scotiabank raised their price target on shares of Sabra Health Care REIT from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Monday. Truist Financial raised their price target on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a "hold" rating in a research note on Tuesday, March 18th.

Institutional Investors Weigh In On Sabra Health Care REIT

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. VSM Wealth Advisory LLC purchased a new stake in shares of Sabra Health Care REIT during the fourth quarter valued at approximately $26,000. SVB Wealth LLC purchased a new stake in shares of Sabra Health Care REIT during the first quarter valued at approximately $34,000. UMB Bank n.a. grew its holdings in shares of Sabra Health Care REIT by 379.6% during the first quarter. UMB Bank n.a. now owns 2,048 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 1,621 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new stake in shares of Sabra Health Care REIT during the first quarter valued at approximately $38,000. Finally, Assetmark Inc. grew its holdings in shares of Sabra Health Care REIT by 33.4% during the fourth quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 656 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company's stock.

Sabra Health Care REIT Stock Performance

Shares of Sabra Health Care REIT stock traded up $0.26 during mid-day trading on Tuesday, hitting $17.76. 3,143,614 shares of the stock were exchanged, compared to its average volume of 2,173,571. Sabra Health Care REIT has a 12 month low of $13.87 and a 12 month high of $20.03. The company has a 50-day simple moving average of $17.45 and a 200 day simple moving average of $17.46. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32. The company has a market capitalization of $4.23 billion, a P/E ratio of 33.51, a P/E/G ratio of 1.97 and a beta of 0.88.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The company had revenue of $183.54 million during the quarter, compared to analyst estimates of $180.23 million. During the same quarter last year, the business posted $0.35 EPS. Sabra Health Care REIT's quarterly revenue was up 10.1% compared to the same quarter last year. Sell-side analysts anticipate that Sabra Health Care REIT will post 1.45 earnings per share for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.76%. The ex-dividend date is Friday, May 16th. Sabra Health Care REIT's dividend payout ratio is currently 203.39%.

About Sabra Health Care 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.