Sabra Health Care REIT Inc (SBRA) Declares $0.45 Quarterly Dividend

Sabra Health Care REIT Inc (NASDAQ:SBRA) announced a quarterly dividend on Monday, November 5th, NASDAQ reports. Stockholders of record on Thursday, November 15th will be paid a dividend of 0.45 per share by the real estate investment trust on Friday, November 30th. This represents a $1.80 annualized dividend and a dividend yield of 8.44%. The ex-dividend date is Wednesday, November 14th.

Sabra Health Care REIT has increased its dividend by an average of 4.6% annually over the last three years and has raised its dividend every year for the last 7 years. Sabra Health Care REIT has a payout ratio of 72.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Sabra Health Care REIT to earn $2.49 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 72.3%.

Shares of NASDAQ SBRA traded down $0.07 during mid-day trading on Friday, hitting $21.32. 855,394 shares of the company traded hands, compared to its average volume of 1,908,435. Sabra Health Care REIT has a 1 year low of $15.77 and a 1 year high of $23.83. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 8.77, a P/E/G ratio of 2.55 and a beta of 0.56. The company has a quick ratio of 3.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.00.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.42). The business had revenue of $151.80 million during the quarter, compared to analysts’ expectations of $162.64 million. Sabra Health Care REIT had a return on equity of 11.80% and a net margin of 61.85%. As a group, sell-side analysts expect that Sabra Health Care REIT will post 2.29 EPS for the current fiscal year.

Several brokerages recently issued reports on SBRA. Zacks Investment Research downgraded Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Mizuho reissued a “buy” rating and issued a $26.00 price objective on shares of Sabra Health Care REIT in a research note on Monday, August 13th. ValuEngine raised Sabra Health Care REIT from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 9th. BidaskClub downgraded Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research note on Wednesday, September 26th. Finally, Raymond James increased their price objective on Sabra Health Care REIT from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, August 17th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Sabra Health Care REIT presently has an average rating of “Hold” and an average price target of $22.73.

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Sabra Health Care REIT Company Profile

As of June 30, 2018, Sabra's investment portfolio included 487 real estate properties held for investment (consisting of (i) 352 Skilled Nursing/Transitional Care facilities, (ii) 89 Senior Housing communities (?Senior Housing – Leased?), (iii) 24 Senior Housing communities operated by third-party property managers pursuant to property management agreements (?Senior Housing – Managed?) and (iv) 22 Specialty Hospitals and Other facilities), one asset held for sale, one investment in a direct financing lease, 22 investments in loans receivable (consisting of (i) one mortgage loan, (ii) two construction loans, (iii) one mezzanine loan, (iv) one pre-development loan and (v) 17 other loans), 13 preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.

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Dividend History for Sabra Health Care REIT (NASDAQ:SBRA)

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