Sabra Healthcare REIT, Inc. (SBRA) to Distribute Quarterly Dividend of $0.30 on August 31st

Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) announced a quarterly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be given a dividend of 0.30 per share by the real estate investment trust on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Friday, August 14th.

Sabra Healthcare REIT has decreased its dividend by an average of 0.0%per year over the last three years. Sabra Healthcare REIT has a dividend payout ratio of 153.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Sabra Healthcare REIT to earn $1.59 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 75.5%.

Sabra Healthcare REIT Stock Performance

Shares of NASDAQ:SBRA opened at $20.66 on Wednesday. The business’s 50-day simple moving average is $19.77 and its 200 day simple moving average is $19.94. The company has a market cap of $5.21 billion, a P/E ratio of 32.79, a PEG ratio of 1.59 and a beta of 0.64. The company has a debt-to-equity ratio of 0.96, a quick ratio of 4.72 and a current ratio of 4.72. Sabra Healthcare REIT has a one year low of $17.17 and a one year high of $22.77.

Sabra Healthcare REIT (NASDAQ:SBRA) last released its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.27). Sabra Healthcare REIT had a return on equity of 2.33% and a net margin of 7.61%.The company had revenue of $230.11 million during the quarter, compared to analysts’ expectations of $219.39 million. During the same quarter in the prior year, the company earned $0.38 EPS. The firm’s revenue was up 24.7% compared to the same quarter last year. On average, sell-side analysts forecast that Sabra Healthcare REIT will post 1.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Focus Partners Wealth increased its position in shares of Sabra Healthcare REIT by 11.4% in the 1st quarter. Focus Partners Wealth now owns 23,146 shares of the real estate investment trust’s stock worth $404,000 after purchasing an additional 2,375 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Sabra Healthcare REIT by 150.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,555 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,536 shares during the last quarter. First Trust Advisors LP grew its stake in Sabra Healthcare REIT by 27.2% in the second quarter. First Trust Advisors LP now owns 368,383 shares of the real estate investment trust’s stock worth $6,793,000 after purchasing an additional 78,709 shares in the last quarter. Cerity Partners LLC grew its stake in Sabra Healthcare REIT by 73.0% in the second quarter. Cerity Partners LLC now owns 18,686 shares of the real estate investment trust’s stock worth $345,000 after purchasing an additional 7,885 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Sabra Healthcare REIT by 3.1% in the second quarter. Daiwa Securities Group Inc. now owns 83,889 shares of the real estate investment trust’s stock worth $1,547,000 after purchasing an additional 2,557 shares in the last quarter. 99.40% of the stock is owned by institutional investors and hedge funds.

About Sabra Healthcare REIT

Sabra Healthcare REIT, Inc (NASDAQ: SBRA) is a real estate investment trust that acquires, owns and operates net‐lease healthcare properties. Its diversified portfolio spans senior housing communities, skilled nursing and rehabilitation centers, outpatient medical facilities, medical office buildings, hospitals and life science properties. Sabra structures long‐term, triple‐net lease agreements with healthcare operators, providing stable rental income streams while allowing tenants to focus on patient care and operational excellence.

Serving a broad spectrum of care segments, Sabra’s tenants include both regional and national providers of assisted living, independent living, memory care, post‐acute rehabilitation and research and development laboratories.