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Sabra Healthcare REIT ( (SBRA) ) has shared an announcement.
Sabra Health Care REIT, Inc. reported its first-quarter 2026 results on April 29, 2026, posting net income of $0.16 per diluted share and normalized AFFO of $0.39, supported by strong EBITDARM coverage across asset classes and a 14.4% year-over-year increase in same-property managed senior housing cash NOI. The company deployed $206.1 million year to date into senior housing and skilled nursing assets at an estimated initial 8.0% cash yield, executed additional property dispositions, maintained net debt to adjusted EBITDA of 5.04x, declared a $0.30 quarterly dividend, and highlighted a robust pipeline with more than $400 million of closed or awarded investments while reiterating its 2026 guidance and emphasizing ample liquidity of about $1.2 billion.
During the first quarter of 2026, Sabra expanded its managed senior housing footprint through multiple acquisitions and a preferred equity commitment, while also closing post-quarter deals and securing further investment opportunities at attractive yields. The company used its at-the-market equity program’s forward feature to support funding, ended the quarter with significant forward equity capacity and credit facility availability, and underscored improving rent coverage and NOI margins as it pursues off-market skilled nursing transactions and executes its growth strategy in the healthcare real estate sector.
The most recent analyst rating on (SBRA) stock is a Buy with a $22.00 price target. To see the full list of analyst forecasts on Sabra Healthcare REIT stock, see the SBRA Stock Forecast page.
Spark’s Take on SBRA Stock
According to Spark, TipRanks’ AI Analyst, SBRA is a Outperform.
SBRA scores 70 mainly on improving fundamentals (revenue growth, profitability recovery, solid cash generation) and a constructive earnings outlook with strong SHOP operational momentum and solid liquidity/leverage metrics. The score is held back by valuation (higher P/E despite a strong yield) and lingering consistency/leverage-cash-coverage risks, while technicals are strong but somewhat overbought.
To see Spark’s full report on SBRA stock, click here.
More about Sabra Healthcare REIT
Sabra Health Care REIT, Inc. is a real estate investment trust focused on healthcare properties, including skilled nursing and transitional care facilities, senior housing communities, behavioral health facilities, specialty hospitals and other healthcare assets. As of March 31, 2026, its portfolio comprised 361 properties held for investment, loan investments, preferred equity stakes and joint ventures, providing 36,412 beds and units across the United States and Canada.
Average Trading Volume: 2,519,196
Technical Sentiment Signal: Buy
Current Market Cap: $5.11B
See more data about SBRA stock on TipRanks’ Stock Analysis page.