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.
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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