A number of other research analysts also recently commented on SBRA. Barclays initiated coverage on Sabra Health Care REIT in a report on Tuesday, September 3rd. They issued an overweight rating and a $24.00 price objective on the stock. Zacks Investment Research cut Sabra Health Care REIT from a buy rating to a hold rating in a research note on Friday, August 23rd. Finally, TheStreet raised Sabra Health Care REIT from a c+ rating to a b rating in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Sabra Health Care REIT presently has an average rating of Hold and a consensus target price of $20.83.
Sabra Health Care REIT stock opened at $21.75 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.82. The company has a fifty day simple moving average of $21.28 and a 200-day simple moving average of $19.84. The stock has a market cap of $4.15 billion, a P/E ratio of 9.50, a price-to-earnings-growth ratio of 12.36 and a beta of 0.85. Sabra Health Care REIT has a 12-month low of $15.70 and a 12-month high of $23.68.
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 the consensus estimate of $0.47 by ($0.01). The business had revenue of $219.37 million during the quarter, compared to analysts’ expectations of $162.17 million. Sabra Health Care REIT had a net margin of 3.37% and a return on equity of 0.67%. As a group, sell-side analysts forecast that Sabra Health Care REIT will post 1.87 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Tuesday, August 20th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, August 19th. This represents a $1.80 annualized dividend and a yield of 8.28%. Sabra Health Care REIT’s dividend payout ratio is currently 78.60%.
In other Sabra Health Care REIT news, Director Michael J. Foster sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $20.78, for a total transaction of $311,700.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Raymond J. Lewis sold 58,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $21.47, for a total value of $1,245,260.00. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in SBRA. Prime Capital Investment Advisors LLC acquired a new position in Sabra Health Care REIT during the second quarter worth approximately $28,000. Centaurus Financial Inc. purchased a new stake in Sabra Health Care REIT in the 1st quarter valued at $34,000. Enterprise Financial Services Corp boosted its stake in 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 purchasing an additional 975 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in 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 purchasing an additional 2,010 shares during the period. Finally, Stonebridge Capital Advisors LLC acquired a new stake in Sabra Health Care REIT during the 2nd quarter worth $54,000. 89.65% of the stock is owned by hedge funds and other institutional investors.
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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