As of Thursday, Sabra Health Care REIT Inc.’s (NASDAQ:SBRA) stock closed at $13.62, down from $13.88 the previous day. While Sabra Health Care REIT Inc. has underperformed by -1.87%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SBRA fell by -12.13%, with highs and lows ranging from $16.60 to $11.44, whereas the simple moving average fell by -2.19% in the last 200 days.
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On June 30, 2022, Jefferies Downgraded Sabra Health Care REIT Inc. (NASDAQ: SBRA) to Hold. A report published by CapitalOne on June 03, 2022, Initiated its previous ‘Equal Weight’ rating for SBRA. Mizuho also Upgraded SBRA shares as ‘Buy’, setting a target price of $15 on the company’s shares in a report dated May 25, 2022. Barclays April 18, 2022d the rating to Equal Weight on April 18, 2022, and set its price target from $16 to $14. BofA Securities March 11, 2022d its ‘Underperform’ rating to ‘Neutral’ for SBRA, as published in its report on March 11, 2022. Credit Suisse also rated the stock as ‘Neutral’.
Analysis of Sabra Health Care REIT Inc. (SBRA)
Investors in Sabra Health Care REIT Inc. will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $1.20 per share. Further, the quarter-over-quarter increase in sales is 2.40%, showing a positive trend in the upcoming months.
One of the most important indicators of Sabra Health Care REIT Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 1.30% is sufficient for you to turn a profit off your investment.
For any stock, average volume can also provide valuable insight into volatility, and SBRA is recording 1.87M average volume. On a monthly basis, the volatility of the stock is set at 2.72%, whereas on a weekly basis, it is put at 3.13%, with a gain of 0.22% over the past seven days. Furthermore, long-term investors anticipate a median target price of $16.25, showing growth from the present price of $13.62, which can serve as yet another indication of whether SBRA is worth investing in or should be passed over.
How Do You Analyze Sabra Health Care REIT Inc. Shares?
The REIT – Healthcare Facilities market is dominated by Sabra Health Care REIT Inc. (SBRA) based in the USA. When comparing Sabra Health Care REIT Inc. shares with other companies under Real Estate, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 72.83, there is a growth in quarterly earnings of 111.80%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.40%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 90.10% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in SBRA shares?
The recent increase in stakes in SBRA appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in SBRA has decreased by -1.25% in the first quarter. The company now owns 35,292,040 shares of the stock, with a value of $528.32 million, following the sale of -446,544 additional shares during the last quarter. BlackRock Fund Advisors made another increased to its shares in SBRA during the first quarter, upping its stake by 0.81%. During the last quarter, the company dropped down 219,729 additional shares for a total stake of worth $409.05 million, bringing number of shares owned by the company to 27,324,353.
During the first quarter, Principal Global Investors LLC subtracted a -145,046 position in SBRA. SSgA Funds Management, Inc. purchased an additional 88883.0 shares in the last quarter, increasing its holdings by 0.74%, now holding 12.12 million shares worth $181.51 million. At the end of the first quarter, Principal Real Estate Investors L decreased its SBRA holdings by -0.36% and now holds 8.63 million SBRA shares valued at $129.19 million with the lessened 31310.0 shares during the period. SBRA shares are owned by institutional investors to the tune of 90.10% at present.