Sabra Health Care REIT, Inc. (SBRA) to Issue Quarterly Dividend of $0.30 on February 28th

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) announced a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.30 per share by the real estate investment trust on Friday, February 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date of this dividend is Friday, February 14th.

Sabra Health Care REIT has raised its dividend by an average of 24.3% per year over the last three years. Sabra Health Care REIT has a dividend payout ratio of 160.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Sabra Health Care REIT to earn $1.45 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 82.8%.

Sabra Health Care REIT Price Performance

SBRA stock opened at $16.24 on Wednesday. The firm has a 50-day moving average of $17.09 and a 200 day moving average of $17.63. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.16 and a quick ratio of 4.16. The company has a market cap of $3.84 billion, a P/E ratio of 39.61, a PEG ratio of 2.02 and a beta of 1.25. Sabra Health Care REIT has a 1 year low of $13.26 and a 1 year high of $20.03.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Truist Financial lowered Sabra Health Care REIT from a “buy” rating to a “hold” rating and lowered their price objective for the company from $18.00 to $17.00 in a research report on Friday, January 17th. Mizuho restated a “neutral” rating and set a $20.00 target price on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Finally, JMP Securities upgraded shares of Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.86.

Sabra Health Care REIT Company Profile

Sabra Health Care REIT, Inc engages in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Tustin, CA.