Sabra Health Care REIT Inc (SBRA) Receives Average Rating of “Hold” from Analysts

Sabra Health Care REIT Inc (NASDAQ:SBRA) has been given a consensus rating of “Hold” by the fourteen analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $24.33.

SBRA has been the topic of several recent research reports. TheStreet downgraded Sabra Health Care REIT from a “b-” rating to a “c” rating in a report on Friday, November 3rd. Capital One Financial initiated coverage on Sabra Health Care REIT in a report on Monday, September 25th. They set an “equal weight” rating and a $24.00 price objective on the stock. Zacks Investment Research downgraded Sabra Health Care REIT from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Bank of America raised their price objective on Sabra Health Care REIT from $21.00 to $22.00 and gave the company an “underperform” rating in a report on Friday, September 8th. Finally, Mizuho raised Sabra Health Care REIT from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $23.00 to $24.00 in a report on Monday, September 11th.

Shares of Sabra Health Care REIT (NASDAQ:SBRA) opened at $18.86 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.89. Sabra Health Care REIT has a twelve month low of $18.48 and a twelve month high of $29.10. The firm has a market capitalization of $3,430.00, a price-to-earnings ratio of 8.82, a P/E/G ratio of 2.62 and a beta of 0.92.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Tuesday, November 14th. Sabra Health Care REIT’s payout ratio is presently 266.67%.

In other Sabra Health Care REIT news, Director Milton J. Walters sold 4,615 shares of Sabra Health Care REIT stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $19.18, for a total transaction of $88,515.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.60% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. New Mexico Educational Retirement Board lifted its holdings in Sabra Health Care REIT by 143.7% during the 3rd quarter. New Mexico Educational Retirement Board now owns 22,663 shares of the real estate investment trust’s stock worth $497,000 after buying an additional 13,363 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Sabra Health Care REIT by 8.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 40,622 shares of the real estate investment trust’s stock worth $891,000 after buying an additional 3,300 shares during the period. Cetera Advisors LLC lifted its holdings in Sabra Health Care REIT by 37.4% during the 3rd quarter. Cetera Advisors LLC now owns 29,074 shares of the real estate investment trust’s stock worth $638,000 after buying an additional 7,914 shares during the period. Eii Capital Management Inc. acquired a new position in Sabra Health Care REIT during the 3rd quarter worth about $970,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in Sabra Health Care REIT by 1,009.5% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 61,911 shares of the real estate investment trust’s stock worth $1,352,000 after buying an additional 56,331 shares during the period. 85.08% of the stock is currently owned by hedge funds and other institutional investors.

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Sabra Health Care REIT Company Profile

Sabra Health Care REIT, Inc is a real estate investment trust. The Company, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company’s segment includes investments in healthcare-related real estate properties. The Company’s primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.

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

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