Sabra Healthcare REIT Inc (NASDAQ: SBRA) is -4.13% lower on its value in year-to-date trading and has touched a low of $9.78 and a high of $14.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SBRA stock was last observed hovering at around $13.76 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $13.68, the stock is -0.82% and -0.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.76 million and changing -0.58% at the moment leaves the stock 4.14% off its SMA200. SBRA registered 20.97% gain for a year compared to 6-month gain of 9.29%. The firm has a 50-day simple moving average (SMA 50) of $8.55 and a 200-day simple moving average (SMA200) of $17.77.
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The stock witnessed a 5.47% loss in the last 1 month and extending the period to 3 months gives it a -5.13%, and is -1.44% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.33% over the week and 2.34% over the month.
Sabra Healthcare REIT Inc (SBRA) has around 48 employees, a market worth around $3.17B and $653.85M in sales. Current P/E ratio is 234.25 and Fwd P/E is 21.56. Profit margin for the company is 2.10%. Distance from 52-week low is 39.93% and -7.57% from its 52-week high. The company has generated returns on investments over the last 12 months (0.27%).
Sabra Healthcare REIT Inc quarterly earnings per share for the current quarter are estimated at $0.14 with sales reaching $159.91M over the same period.The EPS is expected to grow by 855.12% this year, but quarterly earnings will post 0.30% year-over-year. Quarterly sales are estimated to grow 0.50% in year-over-year returns.
498 institutions hold shares in Sabra Healthcare REIT Inc (SBRA), with institutional investors hold 95.91% of the company’s shares. The shares outstanding are 231.27M, and float is at 227.78M with Short Float at 5.81%. Institutions hold 94.74% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 34.34 million shares valued at $404.2 million. The investor’s holdings represent 14.85% of the SBRA Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 33.15 million shares valued at $390.16 million to account for 14.34% of the shares outstanding. The other top investors are Principal Financial Group, Inc. which holds 20.69 million shares representing 8.95% and valued at over $243.52 million, while State Street Corporation holds 5.33% of the shares totaling 12.31 million with a market value of $144.93 million.
Sabra Healthcare REIT Inc (SBRA) Insider Activity
The most recent transaction is an insider purchase by Costa Michael Lourenco, the company’s Executive VP, CFO & Secretary. SEC filings show that Costa Michael Lourenco bought 1,947 shares of the company’s common stock on Sep 01 ’23 at a price of $12.63 per share for a total of $24591.0. Following the purchase, the insider now owns 0.18 million shares.
