The stock of Sabra Health Care REIT Inc. (NASDAQ:SBRA) last traded at $13.91, up 0.07% from the previous session.
Data from the available sources indicates that Sabra Health Care REIT Inc. (NASDAQ:SBRA) is covered by 15 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $15.00 and a low of $12.50, we find $13.50. Given the previous closing price of $13.90, this indicates a potential downside of -2.88 percent. SBRA stock price is now 9.18% away from the 50-day moving average and 14.33% away from the 200-day moving average. The market capitalization of the company currently stands at $3.22B.
In total, 9 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $13.63 as their price target over the next twelve months.
With the price target enhanced from $11 to $15, Jefferies Upgraded its rating from Hold to Buy for Sabra Health Care REIT Inc. (NASDAQ: SBRA).
In other news, Costa Michael Lourenco, Executive VP, CFO & Secretary bought 1,947 shares of the company’s stock on Sep 01. The stock was bought for $24,591 at an average price of $12.63. Upon completion of the transaction, the Executive VP, CFO & Secretary now directly owns 183,218 shares in the company, valued at $2.55 million. Insiders disposed of 120,677 shares of company stock worth roughly $1.68 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 SCHONFELD STRATEGIC ADVISORS LLC during the first quarter worth $22,764,000. VERITION FUND MANAGEMENT LLC invested $8,997,000 in shares of SBRA during the first quarter. In the first quarter, EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in Sabra Health Care REIT Inc. valued at approximately $7,312,000. HGI CAPITAL MANAGEMENT, LLC acquired a new stake in SBRA for approximately $5,568,000. GSI CAPITAL ADVISORS LLC purchased a new stake in SBRA valued at around $5,186,000 in the second quarter.
During the past 12 months, Sabra Health Care REIT Inc. has had a low of $10.08 and a high of $14.23. The fifty day moving average price for SBRA is $12.77 and a two-hundred day moving average price translates $12.17 for the stock.
The latest earnings results from Sabra Health Care REIT Inc. (NASDAQ: SBRA) was released for Jun, 2023. According to the REIT – Healthcare Facilities Company, earnings per share came in at $0.09, missing analysts’ expectations of $0.1 by -0.01. This compares to $0.07 EPS in the same period last year. The net profit margin was -19.60% and return on equity was -4.00% for SBRA. The company reported revenue of $161.17 million for the quarter, compared to $155.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.34 percent. For the current quarter, analysts expect SBRA to generate $157.84M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/31/2023. Investors who held shares on 08/17/2023 were paid a $0.30 dividend. On an annualized basis, this represents a $1.20 dividend and a 8.63% percent yield. There was an ex-dividend date of 08/16/2023 for this dividend.
Sabra Health Care REIT Inc.(SBRA) Company Profile
As of June 30, 2023, Sabra’s investment portfolio included 392 real estate properties held for investment (consisting of (i) 253 Skilled Nursing/Transitional Care facilities, (ii) 45 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), 13 investments in loans receivable (consisting of two mortgage loans and 11 other loans), five preferred equity investments and two investments in unconsolidated joint ventures. As of June 30, 2023, Sabra’s real estate properties held for investment included 38,899 beds/units, spread across the United States and Canada.
