Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) Receives Average Recommendation of “Hold” from Analysts

Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) has earned a consensus rating of “Hold” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $21.1111.

Several research analysts have recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Sabra Healthcare REIT in a research note on Thursday, January 22nd. National Bank Financial set a $22.00 price target on shares of Sabra Healthcare REIT in a report on Friday, October 17th. Wells Fargo & Company boosted their price objective on shares of Sabra Healthcare REIT from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. Wall Street Zen cut shares of Sabra Healthcare REIT from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. Finally, Truist Financial boosted their price target on Sabra Healthcare REIT from $20.00 to $21.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th.

Hedge Funds Weigh In On Sabra Healthcare REIT

A number of hedge funds and other institutional investors have recently made changes to their positions in SBRA. Cornerstone Wealth Management LLC lifted its stake in Sabra Healthcare REIT by 256.6% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 39,781 shares of the real estate investment trust’s stock valued at $742,000 after acquiring an additional 28,625 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of Sabra Healthcare REIT by 309.2% in the third quarter. AlphaQuest LLC now owns 144,839 shares of the real estate investment trust’s stock valued at $2,700,000 after purchasing an additional 109,444 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of Sabra Healthcare REIT by 51.2% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 577,800 shares of the real estate investment trust’s stock valued at $10,770,000 after purchasing an additional 195,600 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Sabra Healthcare REIT by 27.4% during the second quarter. Franklin Resources Inc. now owns 503,499 shares of the real estate investment trust’s stock worth $9,285,000 after purchasing an additional 108,268 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its position in Sabra Healthcare REIT by 9.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 902,998 shares of the real estate investment trust’s stock worth $16,832,000 after purchasing an additional 81,293 shares in the last quarter. 99.40% of the stock is owned by institutional investors.

Sabra Healthcare REIT Trading Up 2.3%

Shares of NASDAQ:SBRA opened at $19.60 on Thursday. Sabra Healthcare REIT has a 12-month low of $15.60 and a 12-month high of $19.97. The company has a quick ratio of 5.19, a current ratio of 5.19 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $4.89 billion, a P/E ratio of 27.22 and a beta of 0.67. The firm has a fifty day moving average of $19.00 and a two-hundred day moving average of $18.74.

Sabra Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Friday, February 13th. Sabra Healthcare REIT’s dividend payout ratio (DPR) is 166.67%.

Sabra Healthcare REIT Company Profile

Sabra Healthcare REIT, Inc (NASDAQ: SBRA) is a real estate investment trust that acquires, owns and operates net‐lease healthcare properties. Its diversified portfolio spans senior housing communities, skilled nursing and rehabilitation centers, outpatient medical facilities, medical office buildings, hospitals and life science properties. Sabra structures long‐term, triple‐net lease agreements with healthcare operators, providing stable rental income streams while allowing tenants to focus on patient care and operational excellence.

Serving a broad spectrum of care segments, Sabra’s tenants include both regional and national providers of assisted living, independent living, memory care, post‐acute rehabilitation and research and development laboratories.