The stock price of Sabra Healthcare REIT Inc (NASDAQ: SBRA) has plunged by -0.16 when compared to previous closing price of 18.61, but the company has seen a -2.06% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-09-23 that TUSTIN, Calif.–(BUSINESS WIRE)– #asha–Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced today that Rick Matros, the company’s Chair and Chief Executive Officer, Darrin Smith, the company’s Executive Vice President of Investments, Eliza Gozar, the company’s Senior Vice President of Investments, and Lauren Nisley, the company’s Director of Investments, will attend the INVEST Conference on October 7-9, 2024 at the JW Marriott Dallas Arts District in Dallas, Texas. Talya Nevo-Hacohen, the company’s.
Is It Worth Investing in Sabra Healthcare REIT Inc (NASDAQ: SBRA) Right Now?
Sabra Healthcare REIT Inc (NASDAQ: SBRA) has a price-to-earnings ratio of 83.21x that is above its average ratio. Additionally, the 36-month beta value for SBRA is 1.24. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 7 rating it as “hold,” and 1 rating it as “sell.”
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The public float for SBRA is 230.43M and currently, short sellers hold a 8.18% ratio of that float. The average trading volume of SBRA on October 02, 2024 was 2.34M shares.
SBRA’s Market Performance
SBRA stock saw an increase of -2.06% in the past week, with a monthly gain of 9.04% and a quarterly increase of 20.18%. The volatility ratio for the week is 1.91%, and the volatility levels for the last 30 days are 2.15% for Sabra Healthcare REIT Inc (SBRA). The simple moving average for the last 20 days is 1.83% for SBRA stock, with a simple moving average of 24.01% for the last 200 days.
Analysts’ Opinion of SBRA
Citigroup, on the other hand, stated in their research note that they expect to see SBRA reach a price target of $20, previously predicting the price at $17. The rating they have provided for SBRA stocks is “Buy” according to the report published on September 13th, 2024.
Deutsche Bank gave a rating of “Buy” to SBRA, setting the target price at $21 in the report published on January 30th of the current year.
SBRA Trading at 8.23% from the 50-Day Moving Average
After a stumble in the market that brought SBRA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.83% of loss for the given period.
Volatility was left at 2.15%, however, over the last 30 days, the volatility rate increased by 1.91%, as shares surge +9.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.27% upper at present.
During the last 5 trading sessions, SBRA fell by -2.06%, which changed the moving average for the period of 200-days by +29.12% in comparison to the 20-day moving average, which settled at $18.33. In addition, Sabra Healthcare REIT Inc saw 30.20% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SBRA starting from Cusack Catherine, who purchase 7,000 shares at the price of $14.43 back on May 22 ’24. After this action, Cusack Catherine now owns 46,385 shares of Sabra Healthcare REIT Inc, valued at $101,010 using the latest closing price.
FOSTER MICHAEL J, the Director of Sabra Healthcare REIT Inc, sale 10,000 shares at $14.68 during a trade that took place back on May 14 ’24, which means that FOSTER MICHAEL J is holding 63,923 shares at $146,830 based on the most recent closing price.
Stock Fundamentals for SBRA
Current profitability levels for the company are sitting at:
- 0.52 for the present operating margin
- 0.51 for the gross margin
The net margin for Sabra Healthcare REIT Inc stands at 0.08. The total capital return value is set at 0.07. Equity return is now at value 1.83, with 0.96 for asset returns.
Based on Sabra Healthcare REIT Inc (SBRA), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.89. The interest coverage ratio of the stock is 2.7.
Currently, EBITDA for the company is 418.15 million with net debt to EBITDA at 5.65. When we switch over and look at the enterprise to sales, we see a ratio of 10.03. The receivables turnover for the company is 1.28for trailing twelve months and the total asset turnover is 0.13.
Conclusion
In conclusion, Sabra Healthcare REIT Inc (SBRA) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
