Sabra Health Care REIT Inc (NASDAQ:SBRA) has been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $20.00.
A number of analysts recently weighed in on SBRA shares. Zacks Investment Research raised shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a report on Friday, June 21st. TheStreet raised shares of Sabra Health Care REIT from a “c+” rating to a “b” rating in a 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 report on Saturday, August 10th.
NASDAQ SBRA opened at $21.03 on Tuesday. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 11.75 and a beta of 0.89. The company has a 50 day moving average of $20.50 and a 200-day moving average of $19.64. 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 1-year low of $15.70 and a 1-year high of $23.83.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Tuesday, August 20th will be paid a $0.45 dividend. The ex-dividend date is Monday, August 19th. This represents a $1.80 annualized dividend and a yield of 8.56%. Sabra Health Care REIT’s payout ratio is currently 78.60%.
A number of hedge funds have recently modified their holdings of SBRA. Pictet Asset Management Ltd. boosted its holdings in Sabra Health Care REIT by 14.3% in the 2nd quarter. Pictet Asset Management Ltd. now owns 33,600 shares of the real estate investment trust’s stock valued at $662,000 after purchasing an additional 4,200 shares during the period. Stonebridge Capital Advisors LLC bought a new stake in Sabra Health Care REIT in the 2nd quarter valued at about $54,000. Nuveen Asset Management LLC boosted its holdings in Sabra Health Care REIT by 6,258.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 855,826 shares of the real estate investment trust’s stock valued at $16,851,000 after purchasing an additional 842,366 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Sabra Health Care REIT by 1.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 128,132 shares of the real estate investment trust’s stock valued at $2,523,000 after purchasing an additional 1,256 shares during the period. Finally, OneAscent Financial Services LLC bought a new stake in Sabra Health Care REIT in the 2nd quarter valued at about $308,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.
About Sabra Health Care REIT
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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