Analysts Set Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Price Target at $15.71

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRAGet Free Report) have received an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $15.71.

A number of brokerages recently issued reports on SBRA. Scotiabank upped their price objective on shares of Sabra Health Care REIT from $14.00 to $15.00 and gave the company a “sector perform” rating in a report on Wednesday, May 15th. Wedbush reissued an “outperform” rating and issued a $17.00 price target on shares of Sabra Health Care REIT in a research note on Thursday, February 29th.

Get Our Latest Research Report on SBRA

Insider Activity at Sabra Health Care REIT

In other Sabra Health Care REIT news, Director Catherine Cusack acquired 7,000 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was acquired at an average price of $14.43 per share, with a total value of $101,010.00. Following the completion of the purchase, the director now owns 46,385 shares in the company, valued at approximately $669,335.55. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Sabra Health Care REIT

Several hedge funds have recently modified their holdings of SBRA. Tennessee Valley Asset Management Partners purchased a new stake in Sabra Health Care REIT during the 4th quarter worth about $25,000. GAMMA Investing LLC acquired a new position in shares of Sabra Health Care REIT during the fourth quarter worth about $33,000. Neo Ivy Capital Management purchased a new stake in shares of Sabra Health Care REIT during the fourth quarter worth approximately $41,000. Principal Securities Inc. acquired a new stake in Sabra Health Care REIT in the fourth quarter valued at approximately $46,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Sabra Health Care REIT in the fourth quarter worth approximately $56,000. 99.40% of the stock is currently owned by institutional investors and hedge funds.

Sabra Health Care REIT Stock Performance

NASDAQ SBRA opened at $14.96 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.33 and a current ratio of 4.33. The stock’s fifty day moving average is $14.25 and its two-hundred day moving average is $14.09. The firm has a market capitalization of $3.46 billion, a P/E ratio of 74.80, a price-to-earnings-growth ratio of 2.32 and a beta of 1.22. Sabra Health Care REIT has a fifty-two week low of $11.41 and a fifty-two week high of $15.02.

Sabra Health Care REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were issued a $0.30 dividend. The ex-dividend date was Friday, May 17th. This represents a $1.20 annualized dividend and a dividend yield of 8.02%. Sabra Health Care REIT’s dividend payout ratio is presently 600.00%.

About Sabra Health Care REIT

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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.

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Analyst Recommendations for Sabra Health Care REIT (NASDAQ:SBRA)

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