Sabra Health Care REIT Inc (SBRA) Given “Buy” Rating at Cantor Fitzgerald

Cantor Fitzgerald reissued their buy rating on shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) in a research note released on Monday, May 8th. Cantor Fitzgerald currently has a $30.00 price target on the real estate investment trust’s stock.

“We believe that the combination of SBRA and CCP highlights the growing discrepancy between the public and private market value of senior housing, particularly skilled nursing, and we expect it to spark greater enthusiasm for.”,” Cantor Fitzgerald’s analyst wrote.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Sabra Health Care REIT from a hold rating to a buy rating and set a $32.00 target price on the stock in a research note on Wednesday, April 12th. Jefferies Group LLC reaffirmed a hold rating and set a $25.00 price target on shares of Sabra Health Care REIT in a research report on Tuesday, January 31st. Stifel Nicolaus upped their price target on shares of Sabra Health Care REIT from $24.00 to $26.00 and gave the company a hold rating in a research report on Monday, February 27th. Finally, Mizuho reaffirmed a neutral rating and set a $28.00 price target (up previously from $22.00) on shares of Sabra Health Care REIT in a research report on Monday, February 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Sabra Health Care REIT presently has a consensus rating of Hold and a consensus price target of $27.38.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings results on Monday, May 8th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.33. The firm had revenue of $62.65 million during the quarter, compared to the consensus estimate of $63.47 million. Sabra Health Care REIT had a return on equity of 7.05% and a net margin of 27.18%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 EPS.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Thursday, May 18th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 7.14%. This is an increase from Sabra Health Care REIT’s previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, May 16th. Sabra Health Care REIT’s dividend payout ratio (DPR) is 178.72%.

Several hedge funds have recently added to or reduced their stakes in SBRA. BlackRock Group LTD raised its position in shares of Sabra Health Care REIT by 10.9% in the third quarter. BlackRock Group LTD now owns 519,637 shares of the real estate investment trust’s stock valued at $13,085,000 after buying an additional 51,127 shares in the last quarter. Brookfield Asset Management Inc. purchased a new position in shares of Sabra Health Care REIT during the third quarter valued at approximately $15,115,000. Nationwide Fund Advisors raised its position in shares of Sabra Health Care REIT by 252.5% in the third quarter. Nationwide Fund Advisors now owns 148,958 shares of the real estate investment trust’s stock valued at $3,751,000 after buying an additional 106,700 shares in the last quarter. BlackRock Inc. raised its position in shares of Sabra Health Care REIT by 6.5% in the third quarter. BlackRock Inc. now owns 86,715 shares of the real estate investment trust’s stock valued at $2,183,000 after buying an additional 5,327 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Sabra Health Care REIT by 1.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 41,590 shares of the real estate investment trust’s stock valued at $1,047,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.

About Sabra Health Care REIT

Sabra Health Care REIT, Inc is a real estate investment trust. The Company, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company’s segment includes investments in healthcare-related real estate properties. The Company’s primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.

12 Month Chart for NASDAQ:SBRA

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