Truist Financial Issues Positive Forecast for Sabra Health Care REIT (NASDAQ:SBRA) Stock Price

Sabra Health Care REIT (NASDAQ:SBRA) had its price target lifted by Truist Financial from $17.00 to $18.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.

A number of other brokerages have also weighed in on SBRA. Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. JMP Securities raised Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a report on Tuesday, January 7th. Finally, Mizuho reaffirmed a “neutral” rating and set a $20.00 target price on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.33.

Sabra Health Care REIT Stock Down 1.6 %

Shares of SBRA stock opened at $17.33 on Tuesday. The stock’s 50-day simple moving average is $16.77 and its 200-day simple moving average is $17.67. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32. The firm has a market capitalization of $4.12 billion, a PE ratio of 32.70, a P/E/G ratio of 1.97 and a beta of 1.27. Sabra Health Care REIT has a fifty-two week low of $13.31 and a fifty-two week high of $20.03.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. The business had revenue of $182.35 million for the quarter, compared to analyst estimates of $178.01 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. Equities analysts expect that Sabra Health Care REIT will post 1.45 earnings per share for the current year.

Sabra Health Care REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a yield of 6.92%. Sabra Health Care REIT’s dividend payout ratio is currently 226.42%.

Hedge Funds Weigh In On Sabra Health Care REIT

A number of hedge funds have recently bought and sold shares of SBRA. VSM Wealth Advisory LLC purchased a new position in Sabra Health Care REIT during the fourth quarter worth approximately $26,000. Quarry LP purchased a new position in shares of Sabra Health Care REIT in the third quarter valued at approximately $30,000. Assetmark Inc. lifted its position in shares of Sabra Health Care REIT by 168.4% in the third quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,231 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Sabra Health Care REIT in the third quarter valued at approximately $59,000. Finally, GF Fund Management CO. LTD. purchased a new position in shares of Sabra Health Care REIT in the fourth quarter valued at approximately $74,000. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Company Profile

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