Sabra Healthcare REIT, Inc. (SBRA) To Go Ex-Dividend on November 17th

Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) declared a quarterly dividend on Wednesday, November 5th. Shareholders of record on Monday, November 17th will be paid a dividend of 0.30 per share by the real estate investment trust on Friday, November 28th. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Monday, November 17th.

Sabra Healthcare REIT has decreased its dividend by an average of 0.1%annually over the last three years. Sabra Healthcare REIT has a dividend payout ratio of 153.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Sabra Healthcare REIT to earn $1.50 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 80.0%.

Sabra Healthcare REIT Stock Down 0.2%

SBRA opened at $18.65 on Friday. The company has a market capitalization of $4.65 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 1.10 and a beta of 0.84. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.80 and a quick ratio of 4.80. Sabra Healthcare REIT has a fifty-two week low of $15.60 and a fifty-two week high of $19.97. The business has a 50-day moving average of $18.38 and a 200-day moving average of $18.31.

Sabra Healthcare REIT (NASDAQ:SBRA) last released its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $190.04 million for the quarter, compared to the consensus estimate of $193.44 million. Sabra Healthcare REIT had a return on equity of 6.69% and a net margin of 24.87%.The firm’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.37 earnings per share. Sabra Healthcare REIT has set its FY 2025 guidance at 1.455-1.465 EPS. Equities research analysts forecast that Sabra Healthcare REIT will post 1.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Sabra Healthcare REIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in SBRA. Oppenheimer & Co. Inc. lifted its position in shares of Sabra Healthcare REIT by 1.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 33,984 shares of the real estate investment trust’s stock worth $633,000 after acquiring an additional 581 shares during the period. Journey Strategic Wealth LLC lifted its position in Sabra Healthcare REIT by 3.3% in the third quarter. Journey Strategic Wealth LLC now owns 18,479 shares of the real estate investment trust’s stock worth $344,000 after purchasing an additional 595 shares during the period. Natixis Advisors LLC boosted its stake in Sabra Healthcare REIT by 2.2% during the third quarter. Natixis Advisors LLC now owns 27,664 shares of the real estate investment trust’s stock worth $516,000 after buying an additional 598 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Sabra Healthcare REIT by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 66,300 shares of the real estate investment trust’s stock worth $1,158,000 after buying an additional 600 shares in the last quarter. Finally, State of Michigan Retirement System increased its holdings in Sabra Healthcare REIT by 1.1% in the 2nd quarter. State of Michigan Retirement System now owns 57,249 shares of the real estate investment trust’s stock valued at $1,056,000 after buying an additional 600 shares during the period. 99.40% of the stock is currently owned by institutional investors.

About Sabra Healthcare REIT

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.