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TUSTIN, Calif. - Sabra Health Care REIT, Inc. (NASDAQ:SBRA), a real estate investment trust specializing in healthcare properties with a market capitalization of $4.1 billion and an impressive 6.95% dividend yield, announced a forthcoming leadership change as Chief Investment Officer Talya Nevo-Hacohen is set to retire at the end of 2025. According to InvestingPro analysis, the company currently trades above its Fair Value with a relatively high P/E ratio of 31.9x. Darrin Smith, currently Executive Vice President, Investments, is slated to succeed Nevo-Hacohen starting January 1, 2026.
Nevo-Hacohen, who has been with Sabra since its inception in 2010, played a pivotal role in growing the company into a $6.5 billion enterprise with 399 investments. Under her guidance, Sabra expanded from a single-tenant REIT with 86 properties to a significant player in the healthcare real estate sector, achieving 9% revenue growth in the last twelve months. The company has maintained dividend payments for 15 consecutive years, as noted in InvestingPro’s analysis, which offers 6 additional key insights about the company’s performance. Even after her retirement, she will continue to provide her expertise to Sabra under a two-year consulting agreement.
CEO Rick Matros praised Nevo-Hacohen’s contributions, stating her dedication has been invaluable to Sabra’s success. He expressed confidence in Darrin Smith’s ability to lead, citing his over 30 years of real estate experience and his impact on the team since joining Sabra five years ago. Matros anticipates a smooth transition and looks forward to Smith’s innovative ideas and leadership.
Smith’s appointment is in line with Sabra’s strategic planning for leadership continuity and long-term growth. The company, which operates throughout the United States and Canada, focuses on real estate serving the healthcare industry.
This leadership transition announcement is based on a press release statement from Sabra Health Care REIT, Inc.
In other recent news, Sabra Healthcare REIT Inc. has been the focus of several analyst updates. Truist Securities has maintained its Buy rating on Sabra Healthcare, with a steady price target of $18. This target reflects a 13% total return potential and is based on a 12x funds from operations (FFO) multiple. Truist noted that the stock trades at a premium compared to historical averages but expects above-average earnings growth in the near term. Meanwhile, JMP Securities upgraded Sabra Healthcare from Market Perform to Market Outperform, with a new price target of $20. This upgrade is driven by anticipated growth in senior housing assets and improved rent coverage ratios. JMP Securities projects a total potential return of 27.5%, factoring in a 7.2% yield. Truist also highlighted the resilience of healthcare REITs amid economic uncertainties, though they acknowledged risks related to Medicaid funding. These developments reflect a mixed yet optimistic outlook for Sabra Healthcare in the coming years.
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