Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Declares Quarterly Dividend of $0.30

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Monday, May 20th will be paid a dividend of 0.30 per share by the real estate investment trust on Friday, May 31st. This represents a $1.20 annualized dividend and a yield of 8.28%. The ex-dividend date is Friday, May 17th.

Sabra Health Care REIT has decreased its dividend by an average of 3.9% per year over the last three years and has raised its dividend every year for the last 2 years. Sabra Health Care REIT has a dividend payout ratio of 187.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Sabra Health Care REIT to earn $1.44 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 83.3%.

Sabra Health Care REIT Stock Performance

SBRA stock remained flat at $14.49 during midday trading on Friday. The company had a trading volume of 289,528 shares, compared to its average volume of 2,019,596. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 289.80, a price-to-earnings-growth ratio of 5.15 and a beta of 1.17. Sabra Health Care REIT has a 52-week low of $10.30 and a 52-week high of $14.92. The stock’s 50 day simple moving average is $14.15 and its 200-day simple moving average is $14.04. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.86.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SBRA shares. Wedbush reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Sabra Health Care REIT in a research report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft assumed coverage on Sabra Health Care REIT in a report on Tuesday, January 30th. They issued a “buy” rating and a $21.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.77.

Sabra Health Care REIT Company Profile

As of September 30, 2023, Sabra's investment portfolio included 377 real estate properties held for investment (consisting of (i) 240 Skilled Nursing/Transitional Care facilities, (ii) 43 senior housing communities (Senior Housing – Leased), (iii) 61 senior housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing – Managed), (iv) 18 Behavioral Health facilities and (v) 15 Specialty Hospitals and Other facilities), 12 investments in loans receivable (consisting of two mortgage loans and 10 other loans), five preferred equity investments and two investments in unconsolidated joint ventures.