Sabra Health Care REIT Inc (NASDAQ:SBRA) declared a quarterly dividend on Thursday, August 9th, Wall Street Journal reports. Shareholders of record on Saturday, August 18th will be paid a dividend of 0.45 per share by the real estate investment trust on Friday, August 31st. This represents a $1.80 dividend on an annualized basis and a yield of 8.15%. The ex-dividend date of this dividend is Thursday, August 16th.

Sabra Health Care REIT has raised its dividend payment by an average of 4.6% annually over the last three years and has increased its dividend every year for the last 7 years. Sabra Health Care REIT has a payout ratio of 71.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sabra Health Care REIT to earn $2.56 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 70.3%.

Shares of NASDAQ SBRA opened at $22.08 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.98. Sabra Health Care REIT has a one year low of $15.77 and a one year high of $23.79. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 2.67 and a beta of 0.70.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings data on Wednesday, August 8th. The real estate investment trust reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.75. Sabra Health Care REIT had a return on equity of 11.20% and a net margin of 62.60%. The firm had revenue of $166.31 million for the quarter, compared to analyst estimates of $166.62 million. equities analysts forecast that Sabra Health Care REIT will post 2.51 earnings per share for the current fiscal year.

Several analysts have recently issued reports on SBRA shares. Raymond James raised Sabra Health Care REIT from a “market perform” rating to an “outperform” rating in a report on Monday, May 21st. Zacks Investment Research raised Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Wednesday, July 11th. Jefferies Financial Group reissued a “$21.91” rating and set a $22.00 target price on shares of Sabra Health Care REIT in a report on Wednesday, July 18th. ValuEngine lowered Sabra Health Care REIT from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 22nd. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $25.00 target price on shares of Sabra Health Care REIT in a report on Monday, June 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.40.

Sabra Health Care REIT Company Profile

As of March 31, 2018, Sabra's investment portfolio included 515 real estate properties held for investment (consisting of (i) 380 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), five assets held for sale, one investment in a direct financing lease, 21 investments in loans receivable (consisting of (i) two mortgage loans, (ii) two construction loans, (iii) one mezzanine loan, (iv) one pre-development loan and (v) 15 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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Dividend History for Sabra Health Care REIT (NASDAQ:SBRA)

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