According to Zacks, “Sabra Health Care REIT, Inc. is a real estate investment trust that owns and invests in real estate serving the healthcare industry. The trust owns nursing homes, rehabilitation centers, assisted living facilities, and independent living centers. It leases properties to tenants and operators throughout the United States. Sabra Health Care REIT, Inc. is based in Irvine, California. “
Other equities research analysts have also recently issued research reports about the company. Barclays assumed coverage on Sabra Health Care REIT in a research note on Tuesday, September 3rd. They issued an overweight rating and a $24.00 price objective for the company. BidaskClub cut Sabra Health Care REIT from a buy rating to a hold rating in a report on Wednesday, November 6th. TheStreet downgraded shares of Sabra Health Care REIT from a b rating to a c+ rating in a research report on Friday, November 1st. JMP Securities boosted their price target on shares of Sabra Health Care REIT from $22.00 to $23.00 and gave the company a market outperform rating in a research note on Friday, September 27th. Finally, ValuEngine lowered shares of Sabra Health Care REIT from a hold rating to a sell rating in a research note on Monday, November 25th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $21.60.
Sabra Health Care REIT (NASDAQ:SBRA) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.34). Sabra Health Care REIT had a return on equity of 0.31% and a net margin of 1.53%. The company had revenue of $149.83 million for the quarter, compared to the consensus estimate of $153.39 million. On average, analysts anticipate that Sabra Health Care REIT will post 1.87 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.20%. Sabra Health Care REIT’s dividend payout ratio is presently 78.60%.
In other news, CEO Richard K. Matros sold 113,000 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $24.05, for a total value of $2,717,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SBRA. Trustcore Financial Services LLC boosted its stake in shares of Sabra Health Care REIT by 7.7% in the 3rd quarter. Trustcore Financial Services LLC now owns 5,972 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 425 shares during the last quarter. Creative Planning raised its stake in shares of Sabra Health Care REIT by 1.2% during the 2nd quarter. Creative Planning now owns 42,524 shares of the real estate investment trust’s stock worth $837,000 after purchasing an additional 500 shares during the period. Enterprise Financial Services Corp raised its stake in shares of Sabra Health Care REIT by 81.9% during the 2nd quarter. Enterprise Financial Services Corp now owns 2,166 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 975 shares during the period. RPG Investment Advisory LLC boosted its holdings in shares of Sabra Health Care REIT by 0.3% in the 3rd quarter. RPG Investment Advisory LLC now owns 357,436 shares of the real estate investment trust’s stock worth $8,207,000 after buying an additional 1,170 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Sabra Health Care REIT by 4.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 30,376 shares of the real estate investment trust’s stock worth $598,000 after buying an additional 1,200 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.
About Sabra Health Care REIT
As of December 31, 2018, Sabra's investment portfolio included 470 real estate properties held for investment (consisting of (i) 335 Skilled Nursing/Transitional Care facilities, (ii) 90 Senior Housing communities (Senior Housing – Leased), (iii) 23 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 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 and (iv) 18 other loans), nine preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.
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