Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Receives an Average “Hold” Rating from Brokerages

Shares of Sabra Health Care REIT, Inc. (NASDAQ: SBRA – Get a rating) earned an average recommendation of “Hold” from the twelve brokerages that currently cover the business, reports MarketBeat Ratings. Seven 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 reported on the stock in the past year is $15.85.

SBRA has been the subject of several recent research reports. Mizuho upgraded Sabra Health Care REIT from a “neutral” rating to a “buy” rating and reduced its target price for the stock from $16.00 to $15.00 in a Wednesday, May 25 report. StockNews.com launched coverage on Sabra Health Care REIT in a Thursday, March 31 report. They have set a “holding” rating on the stock. Barclays downgraded Sabra Health Care REIT from an “overweight” rating to an “equal weight” rating and reduced its target price for the stock from $16.00 to $14.00 in a Monday, April 18 report. Capital One Financial launched coverage on Sabra Health Care REIT in a Friday, June 3 report. They set an “equal weight” rating and a target price of $15.50 on the stock. Finally, Credit Suisse Group raised its price target on Sabra Health Care REIT from $14.00 to $15.00 and gave the stock a “neutral” rating in a Monday, April 4 report.

Sabra Health Care REIT trades up 0.6%

Shares of SBRA opened at $14.74 on Friday. The company has a market capitalization of $3.40 billion, a P/E ratio of -30.08 and a beta of 1.33. Sabra Health Care REIT has a 12-month low of $11.44 and a 12-month high of $19.01. The company has a quick ratio of 3.60, a current ratio of 3.60 and a leverage ratio of 0.70. The stock’s fifty-day simple moving average is $14.00 and its 200-day simple moving average is $13.62.

Sabra Health Care REIT (NASDAQ: SBRA – Get a rating) last released its quarterly earnings data on Wednesday, May 4. The real estate investment trust reported earnings per share of $0.18 for the quarter, beating analysts’ consensus estimate of $0.17 by $0.01. Sabra Health Care REIT posted a negative return on equity of 3.15% and a negative net margin of 18.28%. In the same quarter last year, the company posted EPS of $0.39. As a group, sell-side analysts expect Sabra Health Care REIT to post 1.47 EPS for the current fiscal year.

Sabra Health Care REIT announces dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 31. Investors of record on Monday, May 16 received a dividend of $0.30 per share. This represents a dividend of $1.20 on an annualized basis and a yield of 8.14%. The ex-dividend date was Friday, May 13. Sabra Health Care REIT’s dividend payout ratio (DPR) is currently -244.89%.

Institutional entries and exits

Institutional investors have recently increased or reduced their stake in the company. Wedbush Securities Inc. acquired a new position in Sabra Health Care REIT during Q1 worth approximately $740,000. Comerica Bank increased its stake in Sabra Health Care REIT by 7.8% during the 1st quarter. Comerica Bank now owns 280,321 shares of the real estate investment trust worth $3,509,000 after buying an additional 20,295 shares last quarter. Bank of America Corp DE increased its stake in Sabra Health Care REIT by 40.6% during the 4th quarter. Bank of America Corp DE now owns 335,561 shares of the real estate investment trust worth $4,543,000 after buying an additional 96,846 shares last quarter. Parallel Advisors LLC increased its stake in Sabra Health Care REIT by 255.1% during the 1st quarter. Parallel Advisors LLC now owns 10,181 shares of the real estate investment trust worth $152,000 after buying an additional 7,314 shares in the last quarter. Finally, the New Jersey State Joint Pension Fund D increased its stake in Sabra Health Care REIT by 10.3% during the 4th quarter. New Jersey State Joint Pension Fund D now owns 298,512 shares of the real estate investment trust worth $4,042,000 after buying 27,980 additional shares last quarter. 91.61% of the shares are held by institutional investors and hedge funds.

Sabra Health Care REIT Company Profile

(Get a rating)

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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