Sabra Health Care REIT Inc (NASDAQ:SBRA) Receives Consensus Rating of “Hold” from Brokerages

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Shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) have received an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $20.00.

A number of research firms have commented on SBRA. Zacks Investment Research raised shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research report on Friday, June 21st. TheStreet raised shares of Sabra Health Care REIT from a “c+” rating to a “b” rating in a research report on Thursday, August 8th. Finally, BidaskClub raised shares of Sabra Health Care REIT from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 10th.

NASDAQ:SBRA traded up $0.62 during trading hours on Tuesday, reaching $21.55. The company had a trading volume of 3,302,100 shares, compared to its average volume of 1,387,803. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.82. Sabra Health Care REIT has a 52 week low of $15.70 and a 52 week high of $23.83. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 11.81 and a beta of 0.89. The firm’s 50 day moving average price is $20.54 and its 200-day moving average price is $19.65.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). Sabra Health Care REIT had a return on equity of 0.67% and a net margin of 3.37%. The company had revenue of $219.37 million during the quarter, compared to the consensus estimate of $162.17 million. On average, analysts forecast that Sabra Health Care REIT will post 1.87 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.35%. The ex-dividend date of this dividend is Monday, August 19th. Sabra Health Care REIT’s dividend payout ratio is presently 78.60%.

Several institutional investors have recently modified their holdings of SBRA. Prime Capital Investment Advisors LLC purchased a new position in shares of Sabra Health Care REIT during the 2nd quarter worth $28,000. Centaurus Financial Inc. purchased a new position in shares of Sabra Health Care REIT during the 1st quarter worth $34,000. Enterprise Financial Services Corp boosted its stake in shares of Sabra Health Care REIT by 81.9% during the 2nd quarter. Enterprise Financial Services Corp now owns 2,166 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 975 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake in shares of Sabra Health Care REIT by 491.4% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,419 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 2,010 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC purchased a new position in shares of Sabra Health Care REIT during the 2nd quarter worth $54,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Sabra Health Care REIT Company Profile

As of December 31, 2018, Sabra's investment portfolio included 470 real estate properties held for investment (consisting of (i) 335 Skilled Nursing/Transitional Care facilities, (ii) 90 Senior Housing communities (“Senior Housing – Leased”), (iii) 23 Senior Housing communities operated by third-party property managers pursuant to property management agreements (“Senior Housing – Managed”) and (iv) 22 Specialty Hospitals and Other facilities), one investment in a direct financing lease, 22 investments in loans receivable (consisting of (i) one mortgage loan, (ii) two construction loans, (iii) one mezzanine loan and (iv) 18 other loans), nine preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.

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

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