Sabra Health Care REIT Poised for Growth in 2024, But Investors May Find Another REIT More Attractive
December 2, 2023
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Sabra Health Care ($NASDAQ:SBRA) REIT is a real estate investment trust company that focuses primarily on senior housing and healthcare facilities. The main reason for this is that Sabra Health Care REIT’s portfolio is heavily concentrated in the senior housing sector. This has exposed the company to several risks such as increased competition from other real estate companies and a potential decrease in demand for senior housing.
Additionally, Sabra Health Care REIT has not been able to diversify its portfolio enough to reduce these risks. REITs with diverse portfolios that include industrial, retail, office, and residential properties can offer a more attractive investment option for those looking to benefit from potential growth in the future.
Price History
Sabra Health Care REIT (SABRA) has shown potential for growth in 2024, with its stock opening at $14.6 and closing at $14.7 on Friday, representing a 0.5% increase from the previous closing price. Due to their specialized healthcare focus, SABRA may not be as attractive as other options. Many of SABRA’s competitors have a broader focus and a wider selection of real estate investments, making them more attractive to investors.
Additionally, many of SABRA’s competitors have more access to capital, allowing them to make larger investments and potentially better returns. While SABRA may have potential for growth in 2024, its more specialized focus on healthcare may not be enough to attract the right investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SBRA. More…
| Total Revenues | Net Income | Net Margin |
| 649.1 | -88.35 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SBRA. More…
| Operations | Investing | Financing |
| 289.42 | 133.75 | -414.46 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SBRA. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.38k | 2.51k | 12.41 |
Key Ratios Snapshot
Some of the financial key ratios for SBRA are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 35.0% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we conducted an in-depth analysis of SABRA HEALTH CARE REIT’s fundamentals, and based on the Star Chart, classified the company as a ‘cow’, which generally refers to a company that has a track record of paying out consistent and sustainable dividends. We believe that this kind of company may be attractive to investors who are looking for long-term investments with a steady income flow. Further examination of SABRA HEALTH CARE REIT revealed an intermediate health score of 6/10 with regard to its cashflows and debt, which may indicate that the company has the ability to pay off its debt and fund future operations. Moreover, SABRA HEALTH CARE REIT was found to be strong in terms of assets, profitability, and weak in terms of dividend and growth. More…
Peers
There are several large, publicly traded healthcare real estate investment trusts (REITs) that own and operate properties leased to skilled nursing and other healthcare operators. The largest and most prominent of these firms are Sabra Health Care REIT Inc, Healthcare Realty Trust Inc, LTC Properties Inc, and Omega Healthcare Investors Inc. These firms are all engaged in a fierce competition to acquire the best performing nursing home and assisted living properties.
– Healthcare Realty Trust Inc ($NYSE:HR)
Healthcare Realty Trust Inc is a real estate investment trust that specializes in healthcare-related properties. As of 2022, the company had a market cap of 7.2 billion dollars. The company owns and operates hospitals, medical office buildings, and other healthcare-related facilities across the United States. Healthcare Realty Trust is headquartered in Nashville, Tennessee.
– LTC Properties Inc ($NYSE:LTC)
LTC Properties Inc is a publicly traded real estate investment trust (REIT) that invests in senior housing and long-term care properties. As of December 31, 2020, LTC owned a portfolio of 260 skilled nursing, assisted living, and other long-term care properties located in 29 states.
– Omega Healthcare Investors Inc ($NYSE:OHI)
Omega Healthcare Investors is a real estate investment trust that specializes in leasing long-term care facilities. As of March 31, 2021, the company owned 1,543 properties in 44 states and the United Kingdom. The company was founded in 1992 and is headquartered in Hunt Valley, Maryland.
Summary
Sabra Health Care REIT is a real estate investment trust (REIT) that specializes in investments in healthcare-related real estate. Analysts suggest that Sabra is setup for growth in 2024, with a strong portfolio of long-term leases and a large pipeline of potential deals. The REIT has an established track record of strong dividend growth and total return performance.
It has also been making strategic acquisitions in recent years to diversify its portfolio and take advantage of the growing senior care and post-acute care industries. While many investors are bullish on Sabra’s future, some prefer to diversify their portfolio by investing in other REITs.
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