BidaskClub Downgrades Sabra Health Care REIT (NASDAQ:SBRA) to Hold

BidaskClub downgraded shares of Sabra Health Care REIT (NASDAQ:SBRA) from a buy rating to a hold rating in a research note published on Wednesday, BidAskClub reports.

Several other equities analysts have also weighed in on the company. Zacks Investment Research raised Sabra Health Care REIT from a sell rating to a hold rating in a report on Thursday, May 30th. ValuEngine raised Sabra Health Care REIT from a sell rating to a hold rating in a report on Thursday, March 14th. Finally, BMO Capital Markets lowered Sabra Health Care REIT from a market perform rating to an underperform rating in a report on Tuesday, February 26th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Sabra Health Care REIT currently has an average rating of Hold and an average price target of $20.71.

Shares of NASDAQ SBRA opened at $19.32 on Wednesday. Sabra Health Care REIT has a 1-year low of $15.70 and a 1-year high of $23.83. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 10.69 and a beta of 0.92. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.50 and a quick ratio of 1.50.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported ($0.44) earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.94). Sabra Health Care REIT had a net margin of 23.38% and a return on equity of 4.25%. The firm had revenue of $136.77 million for the quarter, compared to the consensus estimate of $144.87 million. Analysts anticipate that Sabra Health Care REIT will post 1.9 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.32%. The ex-dividend date was Friday, May 17th. Sabra Health Care REIT’s payout ratio is currently 78.60%.

Institutional investors have recently bought and sold shares of the company. Kore Private Wealth LLC bought a new position in shares of Sabra Health Care REIT in the first quarter worth $39,000. Wealthcare Advisory Partners LLC boosted its holdings in shares of Sabra Health Care REIT by 491.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 2,419 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 2,010 shares during the period. IFP Advisors Inc boosted its holdings in shares of Sabra Health Care REIT by 128.4% in the fourth quarter. IFP Advisors Inc now owns 3,099 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 1,742 shares during the period. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Sabra Health Care REIT by 913.7% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 3,112 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 2,805 shares during the period. Finally, Bessemer Group Inc. bought a new position in shares of Sabra Health Care REIT in the fourth quarter worth $55,000. 89.58% of the stock is owned by hedge funds and other institutional investors.

Sabra Health Care REIT Company Profile

As of December 31, 2018, Sabra's investment portfolio included 470 real estate properties held for investment (consisting of (i) 335 Skilled Nursing/Transitional Care facilities, (ii) 90 Senior Housing communities (“Senior Housing – Leased”), (iii) 23 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 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 and (iv) 18 other loans), nine preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.

Further Reading: What is a Leveraged Buyout (LBO)?

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

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