Sabra Healthcare REIT (NASDAQ:SBRA) Hits New 12-Month High – Here’s What Happened

Shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) reached a new 52-week high on Thursday . The company traded as high as $20.73 and last traded at $20.6890, with a volume of 1076637 shares changing hands. The stock had previously closed at $20.56.

Analysts Set New Price Targets

A number of research firms recently issued reports on SBRA. Truist Financial upped their price target on shares of Sabra Healthcare REIT from $20.00 to $21.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Citizens Jmp boosted their target price on shares of Sabra Healthcare REIT from $22.00 to $23.00 and gave the stock a “market outperform” rating in a report on Wednesday, February 18th. UBS Group increased their price target on shares of Sabra Healthcare REIT from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Citigroup lifted their price target on Sabra Healthcare REIT from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Finally, Cantor Fitzgerald boosted their price objective on Sabra Healthcare REIT from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.70.

Sabra Healthcare REIT Stock Up 0.6%

The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.29 and a current ratio of 4.29. The company’s fifty day moving average price is $19.23 and its 200-day moving average price is $18.88. The stock has a market cap of $5.22 billion, a P/E ratio of 32.30, a price-to-earnings-growth ratio of 1.65 and a beta of 0.67.

Sabra Healthcare REIT (NASDAQ:SBRA) last posted its quarterly earnings data on Thursday, February 12th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.26). Sabra Healthcare REIT had a return on equity of 5.63% and a net margin of 20.09%.The firm had revenue of $201.35 million during the quarter, compared to analysts’ expectations of $201.97 million. During the same period last year, the company earned $0.36 earnings per share. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. Sabra Healthcare REIT has set its FY 2026 guidance at 1.550-1.590 EPS. Equities analysts forecast that Sabra Healthcare REIT, Inc. will post 1.45 EPS for the current year.

Sabra Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, February 13th. This represents a $1.20 dividend on an annualized basis and a yield of 5.8%. Sabra Healthcare REIT’s payout ratio is presently 187.50%.

Institutional Trading of Sabra Healthcare REIT

A number of hedge funds and other institutional investors have recently bought and sold shares of SBRA. Cornerstone Wealth Management LLC increased its position in Sabra Healthcare REIT by 256.6% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 39,781 shares of the real estate investment trust’s stock valued at $742,000 after buying an additional 28,625 shares in the last quarter. AlphaQuest LLC boosted its holdings in Sabra Healthcare REIT by 309.2% in the third quarter. AlphaQuest LLC now owns 144,839 shares of the real estate investment trust’s stock worth $2,700,000 after acquiring an additional 109,444 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in shares of Sabra Healthcare REIT by 51.2% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 577,800 shares of the real estate investment trust’s stock worth $10,770,000 after acquiring an additional 195,600 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Sabra Healthcare REIT by 27.4% during the second quarter. Franklin Resources Inc. now owns 503,499 shares of the real estate investment trust’s stock valued at $9,285,000 after acquiring an additional 108,268 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its position in shares of Sabra Healthcare REIT by 9.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 902,998 shares of the real estate investment trust’s stock valued at $16,832,000 after purchasing an additional 81,293 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Sabra Healthcare REIT Company Profile

Sabra Healthcare REIT, Inc (NASDAQ: SBRA) is a real estate investment trust that acquires, owns and operates net‐lease healthcare properties. Its diversified portfolio spans senior housing communities, skilled nursing and rehabilitation centers, outpatient medical facilities, medical office buildings, hospitals and life science properties. Sabra structures long‐term, triple‐net lease agreements with healthcare operators, providing stable rental income streams while allowing tenants to focus on patient care and operational excellence.

Serving a broad spectrum of care segments, Sabra’s tenants include both regional and national providers of assisted living, independent living, memory care, post‐acute rehabilitation and research and development laboratories.