The stock of Sabra Health Care REIT Inc. (NASDAQ:SBRA) last traded at $11.77, down -1.09% from the previous session.
Data from the available sources indicates that Sabra Health Care REIT Inc. (NASDAQ:SBRA) is covered by 14 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $15.00 and a low of $11.00, we find $13.00. Given the previous closing price of $11.90, this indicates a potential upside of 9.24 percent. SBRA stock price is now 3.67% away from the 50-day moving average and -3.91% away from the 200-day moving average. The market capitalization of the company currently stands at $2.69B.
In total, 8 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $12.55 as their price target over the next twelve months.
With the price target of $11, Wells Fargo recently initiated with Underweight rating for Sabra Health Care REIT Inc. (NASDAQ: SBRA).
Insiders disposed of 123,277 shares of company stock worth roughly $1.45 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SBRA stock. A new stake in Sabra Health Care REIT Inc. shares was purchased by BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $13,182,000. CINCTIVE CAPITAL MANAGEMENT LP invested $12,584,000 in shares of SBRA during the first quarter. In the first quarter, MOUNTAINEER PARTNERS MANAGEMENT, LLC acquired a new stake in Sabra Health Care REIT Inc. valued at approximately $10,235,000. ADELANTE CAPITAL MANAGEMENT LLC acquired a new stake in SBRA for approximately $8,439,000. H/2 CREDIT MANAGER LP purchased a new stake in SBRA valued at around $8,239,000 in the second quarter. In total, there are 468 active investors with 89.90% ownership of the company’s stock.
With an opening price of $11.97 on Friday morning, Sabra Health Care REIT Inc. (NASDAQ: SBRA) set off the trading day. During the past 12 months, Sabra Health Care REIT Inc. has had a low of $10.08 and a high of $16.41. The fifty day moving average price for SBRA is $11.36 and a two-hundred day moving average price translates $12.25 for the stock.
The latest earnings results from Sabra Health Care REIT Inc. (NASDAQ: SBRA) was released for Mar, 2023. According to the REIT – Healthcare Facilities Company, earnings per share came in at -$0.04, missing analysts’ expectations of $0.11 by -0.15. This compares to $0.18 EPS in the same period last year. The net profit margin was -20.50% and return on equity was -4.10% for SBRA. The company reported revenue of $161.32 million for the quarter, compared to $163.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.09 percent. For the current quarter, analysts expect SBRA to generate $158.42M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/31/2023. Investors who held shares on 05/16/2023 were paid a $0.30 dividend. On an annualized basis, this represents a $1.20 dividend and a 10.20% percent yield. There was an ex-dividend date of 05/15/2023 for this dividend.
Sabra Health Care REIT Inc.(SBRA) Company Profile
As of March 31, 2023, Sabra’s investment portfolio included 396 real estate properties held for investment (consisting of (i) 258 Skilled Nursing/Transitional Care facilities, (ii) 47 senior housing communities (Senior Housing – Leased), (iii) 59 senior housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing – Managed), (iv) 17 Behavioral Health facilities and (v) 15 Specialty Hospitals and Other facilities), 13 investments in loans receivable (consisting of two mortgage loans and 11 other loans), six preferred equity investments and three investments in unconsolidated joint ventures. As of March 31, 2023, Sabra’s real estate properties held for investment included 39,264 beds/ units, spread across the United States and Canada.
