Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) Declares $0.30 Quarterly Dividend

Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) announced a quarterly dividend on Wednesday, November 5th. Stockholders of record on Monday, November 17th will be given a dividend of 0.30 per share by the real estate investment trust on Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Monday, November 17th.

Sabra Healthcare REIT has decreased its dividend by an average of 0.1%annually over the last three years. Sabra Healthcare REIT has a dividend payout ratio of 153.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Sabra Healthcare REIT to earn $1.50 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 80.0%.

Sabra Healthcare REIT Trading Up 1.2%

SBRA stock opened at $18.20 on Thursday. The company’s 50-day simple moving average is $18.42 and its 200-day simple moving average is $18.25. The company has a quick ratio of 4.80, a current ratio of 4.80 and a debt-to-equity ratio of 0.91. Sabra Healthcare REIT has a 52-week low of $15.60 and a 52-week high of $20.03. The firm has a market cap of $4.36 billion, a P/E ratio of 23.95, a PEG ratio of 1.10 and a beta of 0.84.

Sabra Healthcare REIT (NASDAQ:SBRA) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. Sabra Healthcare REIT had a net margin of 24.87% and a return on equity of 6.69%. The business had revenue of $189.15 million for the quarter, compared to analyst estimates of $185.64 million. During the same period in the prior year, the company posted $0.36 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities analysts forecast that Sabra Healthcare REIT will post 1.45 EPS for the current fiscal year.

Institutional Trading of Sabra Healthcare REIT

Hedge funds and other institutional investors have recently made changes to their positions in the company. SVB Wealth LLC acquired a new stake in shares of Sabra Healthcare REIT during the 1st quarter worth approximately $34,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Sabra Healthcare REIT during the 1st quarter worth approximately $38,000. Covestor Ltd increased its holdings in shares of Sabra Healthcare REIT by 23,720.0% during the 3rd quarter. Covestor Ltd now owns 2,382 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 2,372 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Sabra Healthcare REIT by 150.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,555 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 1,536 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Sabra Healthcare REIT by 61.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,806 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,065 shares during the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.

Sabra Healthcare REIT Company Profile

Sabra Health Care REIT, Inc engages in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Tustin, CA.