Sabra Health Care REIT Inc (NASDAQ:SBRA) declared a quarterly dividend on Monday, November 5th, NASDAQ reports. Shareholders 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 dividend on an annualized basis and a yield of 8.45%. The ex-dividend date is Wednesday, November 14th.
Sabra Health Care REIT has increased its dividend payment by an average of 4.6% per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Sabra Health Care REIT has a payout ratio of 72.9% indicating that its dividend is sufficiently covered by earnings. Research 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%.
Sabra Health Care REIT stock traded down $0.10 during trading hours on Friday, reaching $21.29. 69,096 shares of the stock were exchanged, compared to its average volume of 1,908,435. The company has a market cap of $3.83 billion, a P/E ratio of 8.82, a PEG ratio of 2.55 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.16 and a current ratio of 2.88. Sabra Health Care REIT has a 52-week low of $15.77 and a 52-week high of $23.83.
SBRA has been the subject of a number of analyst reports. BidaskClub downgraded shares of Sabra Health Care REIT from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 18th. Jefferies Financial Group reaffirmed a “$21.91” rating and set a $22.00 price target on shares of Sabra Health Care REIT in a research note on Wednesday, July 18th. ValuEngine cut shares of Sabra Health Care REIT from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 28th. Zacks Investment Research cut shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, Mizuho reaffirmed a “buy” rating and set a $26.00 price target on shares of Sabra Health Care REIT in a research note on Monday, August 13th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $22.73.
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About Sabra Health Care REIT
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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