Analysts Set Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Target Price at $15.77

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) have received a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $15.77.

A number of research analysts recently issued reports on SBRA shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Sabra Health Care REIT in a report on Tuesday, January 30th. They issued a “buy” rating and a $21.00 price objective for the company. Wedbush reiterated an “outperform” rating and set a $17.00 price target on shares of Sabra Health Care REIT in a report on Thursday, February 29th.

Sabra Health Care REIT Stock Up 0.9 %

Shares of SBRA opened at $14.35 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.41 and a current ratio of 3.41. Sabra Health Care REIT has a 52 week low of $10.30 and a 52 week high of $14.91. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 287.00, a PEG ratio of 5.15 and a beta of 1.17. The stock has a fifty day moving average of $14.09 and a 200-day moving average of $14.03.

Hedge Funds Weigh In On Sabra Health Care REIT

Large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue increased its position in shares of Sabra Health Care REIT by 0.6% during the first quarter. State of Alaska Department of Revenue now owns 135,087 shares of the real estate investment trust’s stock valued at $1,993,000 after acquiring an additional 755 shares during the last quarter. Retirement Systems of Alabama grew its stake in Sabra Health Care REIT by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 290,353 shares of the real estate investment trust’s stock valued at $4,289,000 after purchasing an additional 761 shares during the period. Signaturefd LLC increased its position 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 purchasing an additional 813 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Sabra Health Care REIT by 0.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 136,667 shares of the real estate investment trust’s stock worth $1,931,000 after purchasing an additional 825 shares during the period. Finally, Arizona State Retirement System boosted its holdings in shares of Sabra Health Care REIT by 1.4% in the 3rd 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. 99.40% of the stock is currently owned by institutional investors.

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.