Sabra Health Care REIT, Inc. (NASDAQ: SBRA – Get an assessment) received a consensus recommendation of “Hold” by the eleven rating agencies that currently cover the stock, Market assessments reports. Six investment analysts rated the stock with a hold recommendation and five gave the company a buy recommendation. The 12-month average target price among brokers who have issued ratings on the stock over the past year is $16.06.
Several equity analysts have commented on SBRA shares. Credit Suisse Group raised its price target on shares of Sabra Health Care REIT from $14.00 to $15.00 and gave the company a “neutral” rating in a Monday, April 4 report. Capital One Financial began covering shares of Sabra Health Care REIT in a Friday, June 3 report. They issued an “equal weight” rating and a price target of $15.50 on the stock. StockNews.com began covering shares of Sabra Health Care REIT in a Thursday, March 31 report. They issued a “holding” rating on the stock. Mizuho moved shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and lowered its price target for the company from $16.00 to $15.00 in a Wednesday 25 report. may. Finally, Barclays downgraded shares of Sabra Health Care REIT from an “overweight” rating to an “equal weight” rating and lowered its price target for the company from $16.00 to $14.00 in a report from the Monday April 18.
NASDAQ SBRA opened at $14.54 on Tuesday. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt ratio of 0.70. The company’s fifty-day moving average price is $13.27 and its two-hundred-day moving average price is $13.49. Sabra Health Care REIT has a 1-year minimum of $11.44 and a 1-year maximum of $19.01. The company has a market capitalization of $3.36 billion, a P/E ratio of -29.67 and a beta of 1.42.
Sabra Health Care REIT (NASDAQ: SBRA – Get an assessment) last released its quarterly results on Wednesday, May 4. The real estate investment trust reported earnings per share (EPS) of $0.18 for the quarter, beating the consensus estimate of $0.17 by $0.01. Sabra Health Care REIT posted a negative net margin of 18.28% and a negative return on equity of 3.15%. In the same quarter last year, the company achieved EPS of $0.39. On average, research analysts expect Sabra Health Care REIT to post EPS of 1.48 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31. Shareholders of record on Monday, May 16 received a dividend of $0.30 per share. The ex-dividend date was Friday, May 13. This represents a dividend of $1.20 on an annualized basis and a yield of 8.25%. Sabra Health Care REIT’s payout ratio is -244.89%.
A number of institutional investors have recently changed their positions in the company. The Alaska State Department of Revenue increased its stake in Sabra Health Care REIT by 0.6% during the fourth quarter. The Alaska State Department of Revenue now owns 149,160 shares of the real estate investment trust worth $2,019,000 after buying 897 additional shares last quarter. Cetera Investment Advisers increased its stake in Sabra Health Care REIT by 1.2% during the first quarter. Cetera Investment Advisers now owns 80,608 shares of the real estate investment trust worth $1,200,000 after purchasing an additional 919 shares last quarter. Xponance Inc. increased its stake in Sabra Health Care REIT by 2.9% during the fourth quarter. Xponance Inc. now owns 34,248 shares of the real estate investment trust worth $464,000 after purchasing an additional 957 shares in the last quarter. The Oregon Public Employees Retirement Fund increased its stake in Sabra Health Care REIT by 1.5% during the fourth quarter. The Oregon Public Employees Retirement Fund now owns 74,991 shares of the REIT worth $1,015,000 after buying 1,092 more shares last quarter. Finally, TownSquare Capital LLC increased its holdings of Sabra Health Care REIT shares by 4.8% in the first quarter. TownSquare Capital LLC now owns 23,975 shares of the real estate investment trust worth $357,000 after acquiring an additional 1,093 shares in the last quarter. Hedge funds and other institutional investors hold 91.61% of the company’s shares.
Sabra Health Care REIT Company Profile (Get an assessment)
As of March 31, 2022, Sabra’s investment portfolio included 416 properties held for investment. These include (i) 279 skilled nursing/transitional care facilities, (ii) 59 senior housing communities (senior residences – leased), (iii) 50 senior housing communities operated by third-party property managers pursuant to property management agreements (retirement homes – managed), (iv) 13 behavioral health facilities and (v) 15 specialty hospitals and other facilities), an asset held for sale, an investment in a lease-purchase, 16 investments in loans receivable (including (i) two mortgage loans, (ii) a construction loan and (iii) 13 other loans), seven investments in preferred shares and an investment in a unconsolidated joint venture.
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