Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Given Average Recommendation of “Hold” by Analysts

Sabra Health Care REIT logoSabra Health Care REIT, Inc. (NASDAQ:SBRA – Get Rating) has been given a consensus rating of “Hold” by the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $13.78.

A number of equity research analysts recently commented on SBRA shares. StockNews.com started coverage on Sabra Health Care REIT in a report on Thursday, March 16th. They set a “hold” rating for the company. JMP Securities downgraded Sabra Health Care REIT from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 13th. Citigroup reduced their price target on Sabra Health Care REIT from $13.00 to $10.50 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Truist Financial reduced their price target on Sabra Health Care REIT from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday.

Sabra Health Care REIT Trading Up 3.4 %

Sabra Health Care REIT stock opened at $11.14 on Thursday. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.82. Sabra Health Care REIT has a 52 week low of $10.08 and a 52 week high of $16.60. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of -32.76 and a beta of 1.30. The stock has a 50-day moving average price of $12.28 and a 200-day moving average price of $12.70.

Sabra Health Care REIT Dividend Announcement

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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Monday, February 13th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.77%. The ex-dividend date was Friday, February 10th. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently -352.93%.

Institutional Trading of Sabra Health Care REIT

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC increased its position in shares of Sabra Health Care REIT by 2.6% in the third quarter. Barclays PLC now owns 780,159 shares of the real estate investment trust’s stock valued at $10,235,000 after buying an additional 19,742 shares in the last quarter. Mutual Advisors LLC purchased a new stake in shares of Sabra Health Care REIT during the third quarter worth approximately $203,000. Phocas Financial Corp. increased its position in shares of Sabra Health Care REIT by 3.3% during the third quarter. Phocas Financial Corp. now owns 530,578 shares of the real estate investment trust’s stock worth $6,961,000 after purchasing an additional 16,956 shares in the last quarter. Rockefeller Capital Management LP increased its position in shares of Sabra Health Care REIT by 1,220.5% during the third quarter. Rockefeller Capital Management LP now owns 194,857 shares of the real estate investment trust’s stock worth $2,556,000 after purchasing an additional 180,101 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in Sabra Health Care REIT during the third quarter worth $546,000. 87.20% of the stock is currently owned by hedge funds and other institutional investors.

Sabra Health Care REIT Company Profile

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Sabra Health Care REIT, Inc is engaged in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Irvine, CA.

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

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