Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Receives Consensus Recommendation of “Hold” from Analysts

Sabra Health Care REIT, Inc. (NASDAQ:SBRA – Get Rating) has been given an average rating of “Hold” by the ten ratings firms that are covering the stock, reports Marketbeat Ratings. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $14.50.

A number of brokerages recently weighed in on SBRA. Bank of America downgraded Sabra Health Care REIT from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $15.00 to $13.00 in a research report on Monday, November 14th. JMP Securities cut Sabra Health Care REIT from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 13th.

Sabra Health Care REIT Price Performance

Shares of SBRA stock opened at $12.02 on Friday. Sabra Health Care REIT has a 1-year low of $11.44 and a 1-year high of $16.60. The stock’s 50-day moving average is $12.91 and its 200-day moving average is $13.22. The company has a market cap of $2.78 billion, a P/E ratio of -35.35 and a beta of 1.30. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.27 and a quick ratio of 3.27.

Sabra Health Care REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Monday, February 13th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 9.98%. The ex-dividend date was Friday, February 10th. Sabra Health Care REIT’s payout ratio is -352.93%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Accel Wealth Management purchased a new position in shares of Sabra Health Care REIT in the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC purchased a new position in Sabra Health Care REIT during the third quarter valued at approximately $29,000. Hollencrest Capital Management purchased a new position in Sabra Health Care REIT during the fourth quarter valued at approximately $31,000. Point72 Hong Kong Ltd purchased a new position in Sabra Health Care REIT during the second quarter valued at approximately $31,000. Finally, Lazard Asset Management LLC purchased a new position in Sabra Health Care REIT during the second quarter valued at approximately $38,000. 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 managing and investing in healthcare-related real estate properties. It focuses on the acquisition, financing and owning real estate property to be leased to third party tenants in the healthcare sector. The company was founded on May 10, 2010 and is headquartered in Irvine, CA.

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