Sabra Health Care REIT, Inc. (NASDAQ:SBRA – Free Report) has been assigned a consensus rating of “Reduce” from the seven ratings firms that are presently covering the firm, reports MarketBeat. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $12.56.
A number of brokerages recently commented on SBRA. Citigroup dropped their price target on Sabra Health Care REIT from $13.00 to $10.50 and set a “neutral” rating for the company in a research note on Tuesday, March 28th. Truist Financial dropped their price target on Sabra Health Care REIT from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, March 29th. StockNews.com began coverage on Sabra Health Care REIT in a research note on Thursday, May 18th. They set a “hold” rating for the company. Stifel Nicolaus dropped their price target on Sabra Health Care REIT from $15.00 to $14.00 in a research note on Thursday, May 4th. Finally, Barclays dropped their price target on Sabra Health Care REIT from $15.00 to $13.00 in a research note on Tuesday, April 25th.
Institutional Investors Weigh In On Sabra Health Care REIT
Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Sabra Health Care REIT by 2.4% in the first quarter. Vanguard Group Inc. now owns 36,317,289 shares of the real estate investment trust’s stock worth $540,765,000 after buying an additional 859,548 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Sabra Health Care REIT by 0.7% in the first quarter. Principal Financial Group Inc. now owns 15,648,560 shares of the real estate investment trust’s stock worth $179,957,000 after buying an additional 106,948 shares during the period. State Street Corp raised its holdings in shares of Sabra Health Care REIT by 0.7% in the third quarter. State Street Corp now owns 12,205,889 shares of the real estate investment trust’s stock worth $160,141,000 after buying an additional 81,240 shares during the period. Deutsche Bank AG raised its holdings in shares of Sabra Health Care REIT by 29.5% in the fourth quarter. Deutsche Bank AG now owns 11,354,105 shares of the real estate investment trust’s stock worth $141,132,000 after buying an additional 2,588,678 shares during the period. Finally, Centersquare Investment Management LLC raised its holdings in shares of Sabra Health Care REIT by 17.9% in the fourth quarter. Centersquare Investment Management LLC now owns 7,306,340 shares of the real estate investment trust’s stock worth $90,818,000 after buying an additional 1,110,487 shares during the period. 89.13% of the stock is currently owned by hedge funds and other institutional investors.
Sabra Health Care REIT Stock Performance
NASDAQ SBRA opened at $11.85 on Friday. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of -21.16 and a beta of 1.29. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.81. The business has a 50-day moving average price of $11.44 and a 200-day moving average price of $11.92. Sabra Health Care REIT has a twelve month low of $10.08 and a twelve month high of $16.60.
Sabra Health Care REIT Announces Dividends
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Tuesday, May 16th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 10.13%. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently -214.28%.
About Sabra Health Care REIT
(FreeReport
As of March 31, 2023, Sabra’s investment portfolio included 396 real estate properties held for investment (consisting of (i) 258 Skilled Nursing/Transitional Care facilities, (ii) 47 senior housing communities (Senior Housing – Leased), (iii) 59 senior housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing – Managed), (iv) 17 Behavioral Health facilities and (v) 15 Specialty Hospitals and Other facilities), 13 investments in loans receivable (consisting of two mortgage loans and 11 other loans), six preferred equity investments and three investments in unconsolidated joint ventures.
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