Sabra Healthcare REIT Inc. (SBRA) Trading Up 2.9%
Sabra Healthcare REIT Inc. (NASDAQ:SBRA)’s share price was up 2.9% during mid-day trading on Monday . The stock traded as high as $25.13 and last traded at $25.07, with a volume of 188,451 shares changing hands. The stock had previously closed at $24.37.
Several equities analysts recently issued reports on SBRA shares. Zacks Investment Research upgraded Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research note on Friday, May 6th. TheStreet upgraded Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd. Citigroup Inc. boosted their price target on Sabra Healthcare REIT from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, August 17th. Cantor Fitzgerald restated a “buy” rating on shares of Sabra Healthcare REIT in a research note on Friday, August 19th. Finally, Bank of America Corp. lowered Sabra Healthcare REIT from a “neutral” rating to an “underperform” rating in a research note on Monday, July 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. Sabra Healthcare REIT currently has a consensus rating of “Hold” and an average target price of $23.18.
The stock has a market cap of $1.63 billion and a PE ratio of 29.77. The stock has a 50-day moving average of $23.48 and a 200-day moving average of $21.08.
Sabra Healthcare REIT (NASDAQ:SBRA) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. During the same quarter last year, the business earned $0.53 earnings per share. The company had revenue of $74.20 million for the quarter, compared to analyst estimates of $56.04 million. The company’s revenue was up 31.1% on a year-over-year basis. On average, analysts expect that Sabra Healthcare REIT Inc. will post $2.28 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, August 11th. This represents a $1.68 annualized dividend and a yield of 6.69%.
In other Sabra Healthcare REIT news, Director Milton J. Walters sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $22.04, for a total transaction of $44,080.00. Following the completion of the sale, the director now directly owns 24,055 shares in the company, valued at $530,172.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
A hedge fund recently raised its stake in Sabra Healthcare REIT stock. Employees Retirement System of Texas increased its stake in Sabra Healthcare REIT Inc. (NASDAQ:SBRA) by 94.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 260,000 shares of the company’s stock after buying an additional 126,157 shares during the period. Employees Retirement System of Texas owned 0.40% of Sabra Healthcare REIT worth $5,260,000 at the end of the most recent reporting period.
Sabra Health Care REIT, Inc is a real estate investment trust. The Company owns and invests in real estate serving the healthcare industry. The Company’s segment is investments in healthcare-related real estate properties. Its primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.