Citigroup Reiterates $18.00 Price Target for Sabra Health Care REIT (SBRA)

Citigroup set a $18.00 price target on Sabra Health Care REIT (NASDAQ:SBRA) in a report published on Tuesday. The firm currently has a hold rating on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Sabra Health Care REIT from a buy rating to a hold rating in a report on Thursday, August 2nd. Mizuho restated a buy rating and issued a $26.00 target price on shares of Sabra Health Care REIT in a report on Monday, August 13th. ValuEngine upgraded shares of Sabra Health Care REIT from a strong sell rating to a sell rating in a report on Thursday, August 9th. BidaskClub lowered shares of Sabra Health Care REIT from a buy rating to a hold rating in a report on Wednesday, September 26th. Finally, Raymond James boosted their target price on shares of Sabra Health Care REIT from $22.00 to $24.00 and gave the company a buy rating in a report on Friday, August 17th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $22.00.

Shares of NASDAQ:SBRA opened at $18.72 on Tuesday. The firm has a market cap of $3.34 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 1.00. Sabra Health Care REIT has a 52 week low of $15.77 and a 52 week high of $23.83.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.42). The business had revenue of $151.80 million for the quarter, compared to analyst estimates of $162.64 million. Sabra Health Care REIT had a return on equity of 11.80% and a net margin of 61.85%. Equities analysts anticipate that Sabra Health Care REIT will post 2.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 9.62%. The ex-dividend date is Wednesday, November 14th. Sabra Health Care REIT’s payout ratio is presently 74.07%.

Several large investors have recently bought and sold shares of SBRA. Principal Financial Group Inc. increased its position in shares of Sabra Health Care REIT by 2.7% during the first quarter. Principal Financial Group Inc. now owns 783,727 shares of the real estate investment trust’s stock worth $13,833,000 after acquiring an additional 20,435 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Sabra Health Care REIT by 120.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 142,798 shares of the real estate investment trust’s stock worth $3,103,000 after purchasing an additional 78,096 shares in the last quarter. River Road Asset Management LLC grew its position in Sabra Health Care REIT by 4.1% in the 2nd quarter. River Road Asset Management LLC now owns 2,138,167 shares of the real estate investment trust’s stock worth $46,462,000 after purchasing an additional 84,007 shares in the last quarter. Eqis Capital Management Inc. bought a new stake in Sabra Health Care REIT in the 2nd quarter worth about $542,000. Finally, Dupont Capital Management Corp grew its position in Sabra Health Care REIT by 133.8% in the 2nd quarter. Dupont Capital Management Corp now owns 54,291 shares of the real estate investment trust’s stock worth $1,180,000 after purchasing an additional 31,073 shares in the last quarter. 89.16% of the stock is owned by institutional investors.

About Sabra Health Care REIT

As of June 30, 2018, Sabra's investment portfolio included 487 real estate properties held for investment (consisting of (i) 352 Skilled Nursing/Transitional Care facilities, (ii) 89 Senior Housing communities (?Senior Housing – Leased?), (iii) 24 Senior Housing communities operated by third-party property managers pursuant to property management agreements (?Senior Housing – Managed?) and (iv) 22 Specialty Hospitals and Other facilities), one asset held for sale, one investment in a direct financing lease, 22 investments in loans receivable (consisting of (i) one mortgage loan, (ii) two construction loans, (iii) one mezzanine loan, (iv) one pre-development loan and (v) 17 other loans), 13 preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.

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Analyst Recommendations for Sabra Health Care REIT (NASDAQ:SBRA)

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