Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seven ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $19.50.

SBRA has been the subject of several recent analyst reports. Scotiabank upped their price objective on Sabra Health Care REIT from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Truist Financial boosted their target price on 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.

Insider Buying and Selling

In related news, Director Michael J. Foster sold 11,000 shares of the firm'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 value of $200,420.00. Following the completion of the transaction, the director now owns 64,725 shares in the company, valued at $1,179,289.50. This trade represents a 14.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sabra Health Care REIT

A number of institutional investors have recently added to or reduced their stakes in the business. VSM Wealth Advisory LLC bought a new position in shares of Sabra Health Care REIT during the fourth quarter valued at $26,000. SVB Wealth LLC acquired a new stake in Sabra Health Care REIT in the first quarter valued at $34,000. UMB Bank n.a. raised its position in Sabra Health Care REIT by 379.6% during the 1st quarter. UMB Bank n.a. now owns 2,048 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 1,621 shares during the last quarter. Wealth Preservation Advisors LLC bought a new position in Sabra Health Care REIT during the 1st quarter worth $38,000. Finally, Assetmark Inc. lifted its holdings in Sabra Health Care REIT by 33.4% during the 4th quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust's stock worth $45,000 after buying an additional 656 shares during the period. 99.40% of the stock is owned by institutional investors.

Sabra Health Care REIT Price Performance

Shares of Sabra Health Care REIT stock traded up $0.23 on Friday, reaching $18.02. 2,688,418 shares of the stock were exchanged, compared to its average volume of 2,249,735. 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 firm has a market cap of $4.29 billion, a PE ratio of 34.00, a P/E/G ratio of 1.97 and a beta of 0.85. The firm's 50 day moving average is $17.57 and its 200-day moving average is $17.29. Sabra Health Care REIT has a one year low of $13.92 and a one year high of $20.03.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.37 EPS for the quarter, beating 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 business had revenue of $183.54 million during the quarter, compared to the consensus estimate of $180.23 million. During the same period in the previous year, the business earned $0.35 earnings per share. The company's revenue was up 10.1% on a year-over-year basis. As a group, analysts anticipate that Sabra Health Care REIT will post 1.45 EPS for the current fiscal year.

Sabra Health Care 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 issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.66%. The ex-dividend date was Friday, May 16th. Sabra Health Care REIT's dividend payout ratio (DPR) is 203.39%.

Sabra Health Care 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.