Sabra Healthcare REIT Inc. (SBRA) Trading Down 2.8%
Sabra Healthcare REIT Inc. (NASDAQ:SBRA) shares fell 2.8% during trading on Friday . The stock traded as low as $24.73 and last traded at $24.74, with a volume of 137,935 shares. The stock had previously closed at $25.46.
Several research firms recently commented on SBRA. BTIG Research began coverage on Sabra Healthcare REIT in a research note on Thursday. They set a “neutral” rating for the company. TheStreet raised Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Sabra Healthcare REIT in a report on Friday, August 19th. Citigroup Inc. lifted their price target on Sabra Healthcare REIT from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, August 17th. Finally, Bank of America Corp. downgraded Sabra Healthcare REIT from a “neutral” rating to an “underperform” rating in a report on Monday, July 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Sabra Healthcare REIT has a consensus rating of “Hold” and a consensus price target of $23.18.
The company has a market capitalization of $1.62 billion and a PE ratio of 29.68. The company’s 50 day moving average is $23.86 and its 200-day moving average is $21.20.
Sabra Healthcare REIT (NASDAQ:SBRA) last released its quarterly earnings data on Monday, August 1st. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. During the same period last year, the business earned $0.53 earnings per share. The company earned $74.20 million during the quarter, compared to analysts’ expectations of $56.04 million. The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. On average, analysts predict that Sabra Healthcare REIT Inc. will post $2.28 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.68 annualized dividend and a dividend yield of 6.76%.
In other news, Director Milton J. Walters sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 6th. The stock was 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
An institutional investor recently raised its position in Sabra Healthcare REIT stock. Principal Financial Group Inc. raised its stake in shares of Sabra Healthcare REIT Inc. (NASDAQ:SBRA) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 764,777 shares of the company’s stock after buying an additional 51,544 shares during the period. Principal Financial Group Inc. owned 1.17% of Sabra Healthcare REIT worth $15,472,000 as of its most recent SEC filing.
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.
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