The trading price of Sabra Healthcare REIT Inc (NASDAQ:SBRA) closed higher on current market day and closing at $18.93, 0.75% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $18.8 and $18.995. The company’s P/E ratio in the trailing 12-month period was 84.77, while its 5Y monthly beta was 1.243. In examining the 52-week price action we see that the stock hit a 52-week high of $18.85 and a 52-week low of $12.83. Over the past month, the stock has gained 16.92% in value.
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Sabra Healthcare REIT Inc, whose market valuation is $4.43 billion at the time of this writing, is expected to release its quarterly earnings report in October. The dividend yield on the company stock is 6.34%, while its Forward Dividend ratio is 1.20. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.15 per share this quarter, however they have predicted annual earnings per share of 0.53 for current year and 0.67 for next year.
Analysts have forecast the company to bring in revenue of 173.03M for the current quarter, with the likely lows of 166.8M and highs of 179.47M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 686.83M.
On the technical side, indicators suggest SBRA has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned SBRA a recommendation rating is 7. Out of them, 4 rate it a Hold, while 3 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Sabra Healthcare REIT Inc (SBRA) as Underweight, while 0 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 11.61, which symbolizes a positive outlook. A quick review shows that SBRA’s price is currently 10.42% off the SMA20 and 14.02% off the SMA50. The RSI metric on the 14-day chart is currently showing 81.26, and weekly volatility stands at 2.18%. When measured over the past 30 days, the indicator reaches 1.94%. Sabra Healthcare REIT Inc (NASDAQ:SBRA)’s beta value is currently sitting at 1.23, while the Average True Range indicator is currently displaying 0.36. With analysts defining $13-$20 as the low and high price targets, we arrive at a consensus price target of $18 for the trailing 12-month period. The current price is about 31.33% off the estimated low and -5.65% off the forecast high, based on this estimate. Investors will be thrilled if SBRA’s share price rises to $18, which is the median consensus price. At that level, SBRA’s share price would be 4.91% above current price.
To see how Sabra Healthcare REIT Inc stock has been performing in comparison to its peers in the industry, here are the numbers: SBRA stock’s performance was 0.75% in the latest trading, and 42.75% in the past year. Sabra Healthcare REIT Inc has a P/E ratio of 84.77.
An evaluation of the daily trading volume of Sabra Healthcare REIT Inc (NASDAQ:SBRA) indicates that the 3-month average is 2.27 million. However, this figure has increased over the past 10 days to an average of 2.33.
Currently, records show that 231.27 million of the company’s shares remain outstanding. The insiders hold 1.64% of outstanding shares, whereas institutions hold 92.10%. The stats also highlight that short interest as of 2024-08-30, stood at 18.2 million shares, resulting in a short ratio of 7.31 at that time. From this, we can conclude that short interest is 1114.00 of the company’s total outstanding shares. It is noteworthy that short shares in August were up slightly from the previous month’s figure, which was 13.24 million. However, since the stock’s price has seen 32.66% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
