Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) have earned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $15.77.

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Sabra Health Care REIT in a report on Tuesday, January 30th. They set a “buy” rating and a $21.00 price objective on the stock. Wedbush reissued an “outperform” rating and issued a $17.00 price target on shares of Sabra Health Care REIT in a report on Thursday, February 29th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position in Sabra Health Care REIT by 0.4% during the first 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 purchasing an additional 83,842 shares during the last quarter. JPMorgan Chase & Co. grew its position in Sabra Health Care REIT by 709.0% in 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 acquiring an additional 11,835,109 shares in the last quarter. LSV Asset Management increased its stake in Sabra Health Care REIT by 2.5% in 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. Charles Schwab Investment Management Inc. raised its position in Sabra Health Care REIT by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,190,587 shares of the real estate investment trust’s stock valued at $59,800,000 after purchasing an additional 94,304 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Sabra Health Care REIT by 8.6% during the third quarter. Northern Trust Corp now owns 3,348,859 shares of the real estate investment trust’s stock worth $46,683,000 after purchasing an additional 264,569 shares during the last quarter. 99.40% of the stock is currently owned by institutional investors.

Sabra Health Care REIT Trading Up 0.9 %

NASDAQ:SBRA opened at $14.74 on Friday. The company has a market cap of $3.41 billion, a P/E ratio of 294.80, a P/E/G ratio of 5.15 and a beta of 1.17. Sabra Health Care REIT has a 1 year low of $10.30 and a 1 year high of $14.91. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.41 and a quick ratio of 3.41. The stock’s fifty day moving average price is $14.12 and its two-hundred day moving average price is $14.03.

Sabra Health Care REIT Company Profile

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.