Sabra Health Care REIT (NASDAQ:SBRA) Price Target Increased to $15.00 by Analysts at Scotiabank

Sabra Health Care REIT (NASDAQ:SBRAFree Report) had its target price hoisted by Scotiabank from $14.00 to $15.00 in a research note issued to investors on Wednesday morning, Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

Several other research analysts also recently commented on SBRA. Wedbush restated an outperform rating and set a $17.00 price objective on shares of Sabra Health Care REIT in a report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft began coverage on shares of Sabra Health Care REIT in a report on Tuesday, January 30th. They set a buy rating and a $21.00 target price on the stock. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $15.71.

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Sabra Health Care REIT Stock Performance

Sabra Health Care REIT stock opened at $14.33 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.33 and a quick ratio of 4.33. The firm has a market capitalization of $3.32 billion, a P/E ratio of 71.65, a price-to-earnings-growth ratio of 5.20 and a beta of 1.17. Sabra Health Care REIT has a 1-year low of $10.30 and a 1-year high of $14.92. The company’s 50-day moving average is $14.22 and its 200 day moving average is $14.07.

Sabra Health Care REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 8.37%. The ex-dividend date of this dividend is Friday, May 17th. Sabra Health Care REIT’s dividend payout ratio is currently 600.00%.

Institutional Investors Weigh In On Sabra Health Care REIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Sabra Health Care REIT by 2.5% in the first quarter. Vanguard Group Inc. now owns 34,972,611 shares of the real estate investment trust’s stock valued at $516,545,000 after purchasing an additional 838,654 shares during the period. Principal Financial Group Inc. raised its holdings in Sabra Health Care REIT by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 21,571,121 shares of the real estate investment trust’s stock valued at $318,605,000 after buying an additional 83,842 shares during the period. JPMorgan Chase & Co. boosted its stake in Sabra Health Care REIT by 709.0% during the third quarter. JPMorgan Chase & Co. now owns 13,504,420 shares of the real estate investment trust’s stock worth $188,252,000 after buying an additional 11,835,109 shares during the period. Janus Henderson Group PLC boosted its stake in Sabra Health Care REIT by 2.9% during the first quarter. Janus Henderson Group PLC now owns 5,199,682 shares of the real estate investment trust’s stock worth $76,701,000 after buying an additional 145,548 shares during the period. Finally, LSV Asset Management increased its position in shares of Sabra Health Care REIT by 2.5% during the fourth quarter. LSV Asset Management now owns 4,385,615 shares of the real estate investment trust’s stock valued at $62,583,000 after acquiring an additional 107,266 shares during the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.

Sabra Health Care REIT Company Profile

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As of September 30, 2023, Sabra's investment portfolio included 377 real estate properties held for investment (consisting of (i) 240 Skilled Nursing/Transitional Care facilities, (ii) 43 senior housing communities (Senior Housing – Leased), (iii) 61 senior housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing – Managed), (iv) 18 Behavioral Health facilities and (v) 15 Specialty Hospitals and Other facilities), 12 investments in loans receivable (consisting of two mortgage loans and 10 other loans), five preferred equity investments and two investments in unconsolidated joint ventures.

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

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