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

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

Several research firms have 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, May 12th. 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.

Insider Activity

In related news, Director Michael J. Foster sold 11,000 shares of Sabra Health Care REIT stock in a transaction 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 sale, the director now owns 64,725 shares in the company, valued at approximately $1,179,289.50. The trade was a 14.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company's stock.

Hedge Funds Weigh In On Sabra Health Care REIT

A number of hedge funds have recently added to or reduced their stakes in the business. State of Michigan Retirement System boosted its holdings in Sabra Health Care REIT by 1.1% in the first quarter. State of Michigan Retirement System now owns 56,649 shares of the real estate investment trust's stock worth $990,000 after purchasing an additional 600 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Sabra Health Care REIT by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 66,300 shares of the real estate investment trust's stock worth $1,158,000 after purchasing an additional 600 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Sabra Health Care REIT by 17.2% in the first quarter. Harbor Capital Advisors Inc. now owns 4,377 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 642 shares during the period. Assetmark Inc. boosted its holdings in Sabra Health Care REIT by 33.4% in the fourth quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 656 shares during the period. Finally, Diversify Advisory Services LLC boosted its holdings in Sabra Health Care REIT by 5.7% in the first quarter. Diversify Advisory Services LLC now owns 12,878 shares of the real estate investment trust's stock worth $226,000 after purchasing an additional 689 shares during the period. Institutional investors and hedge funds own 99.40% of the company's stock.

Sabra Health Care REIT Stock Performance

NASDAQ:SBRA opened at $17.85 on Friday. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $17.56 and a two-hundred day moving average price of $17.30. Sabra Health Care REIT has a twelve month low of $13.87 and a twelve month high of $20.03. The company has a market capitalization of $4.25 billion, a P/E ratio of 33.68, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $0.37 earnings per share 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 firm had revenue of $183.54 million during the quarter, compared to the consensus estimate of $180.23 million. During the same period last year, the firm posted $0.35 EPS. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. As a group, research analysts expect that Sabra Health Care REIT will post 1.45 earnings per share 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. Stockholders of record on Friday, May 16th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.72%. 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.

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