Sabra Health Care REIT Inc. (SBRA) Shares: Cheap or Risky?

Sabra Health Care REIT Inc. (NASDAQ:SBRA) saw an upside of 1.08% to close Tuesday at $14.96 after adding $0.16 on the day. The 5-day average trading volume is 2,026,160 shares of the company’s common stock. It has gained $14.99 in the past week. An average of 2,113,760 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,921,284.

SBRA’s 1-month performance is -8.50% or -$1.40 on its low of $14.06 reached on 10/06/21. The company’s shares have touched a 52-week low of $12.86 and high of $19.01, with the stock’s rally to the 52-week high happening on 08/02/21. YTD, SBRA has lost -13.87% or -$2.41. However, the current price is down -21.33%% from the 52-week high price.


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Insider Transactions

On Mar 04, 223 days have gone by since the last insider trading activity for Sabra Health Care REIT Inc. (SBRA). FOSTER MICHAEL J (Director) most recently sold 6,000 shares at $17.43 per share on Mar 04. This transaction cost the insider $104,610.

Valuation Metrics

Sabra Health Care REIT Inc. (SBRA) has a trailing price-to-earnings (P/E) ratio of 21.25 for the broader industry and 37.94 for the sector. The company’s PE ratio for the last five years has touched a high of 820.00 and a low of 7.310. SBRA stock has a beta of 1.48. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.49 while the price-to-book (PB) in the most recent quarter is 0.96, with the price to cash flow ratio at 136.33.

Sabra Health Care REIT Inc. pays an annual dividend of $1.20 per share. Its dividend yield is 8.02%. SBRA’s most recent quarterly dividend payment was made on Aug. 31, when it paid $0.30 a share compared with prior rate of $0.30, down 0.0% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend decrease of $0.15 reported on Wednesday May 6 2020. Measured over the last 3 years, the Dividend has been growing by -21.97% yearly.

It is projected that Sabra Health Care REIT Inc.’s next ex-dividend date will be on 15-Nov. SBRA is expected to distribute $0.30 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.67, while the total debt to equity was 0.67. In terms of profitability, the gross margin trailing 12 months is 81.60%. while for the period ending June 29; Sabra Health Care REIT Inc.’s operating margin was 24.60%. The firm’s gross profit as reported stood at $251.67 million against revenue of $598.57 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected SBRA to announce $0.16 per share in earnings in its latest quarter, but it posted -$0.61, representing a -481.20% surprise. EBITDA for the quarter stood at more than $110.33 million. SBRA stock balance sheet for the quarter ending June 29 shows that, with total debt at $2.29 billion. Shareholders hold equity totaling $220.82 million

Technical Picture

Let’s look briefly at Sabra Health Care REIT Inc. (SBRA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 46.67% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.09%.

The stock’s 5-day moving average is $14.72, reflecting a +2.75% or $0.40 change from its current price. SBRA is currently trading -4.90% above its 20-day SMA, -13.23% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -19.57% and -15.72% respectively.

Stochastic %K and %D was 45.18% and 37.77% and the average true range (ATR) pointed at 0.35. The RSI (14) points at 41.39%, while the 14-day stochastic is at 54.88% with the period’s ATR at 0.36. The stock’s 9-day MACD Oscillator is pointing at 0.07 and -0.07 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Sabra Health Care REIT Inc. (NASDAQ: SBRA), Robert W. Baird launched coverage with an Outperform rating. Analysts offering their rating for SBRA stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SBRA as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 6 have offered a “buy” rating.

What is SBRA’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $16.00 and a high of $21.00, with their median price target at $19.00. Looking at these predictions, the average price target given by analysts is for Sabra Health Care REIT Inc. (SBRA) stock is $19.00.

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