Sabra Health Care REIT Inc (NASDAQ:SBRA) Director Sells $1,245,260.00 in Stock

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Sabra Health Care REIT Inc (NASDAQ:SBRA) Director Raymond J. Lewis sold 58,000 shares of Sabra Health Care REIT stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $21.47, for a total value of $1,245,260.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NASDAQ SBRA traded down $0.20 on Tuesday, reaching $21.32. 1,518,690 shares of the company were exchanged, compared to its average volume of 1,583,630. The business’s fifty day moving average price is $20.86 and its 200 day moving average price is $19.72. The stock has a market capitalization of $4.08 billion, a P/E ratio of 9.31, a price-to-earnings-growth ratio of 12.13 and a beta of 0.89. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.82. Sabra Health Care REIT Inc has a fifty-two week low of $15.70 and a fifty-two week high of $23.83.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). The company had revenue of $219.37 million for the quarter, compared to analyst estimates of $162.17 million. Sabra Health Care REIT had a return on equity of 0.67% and a net margin of 3.37%. Equities research analysts forecast that Sabra Health Care REIT Inc will post 1.87 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Tuesday, August 20th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 8.44%. The ex-dividend date is Monday, August 19th. Sabra Health Care REIT’s dividend payout ratio (DPR) is currently 78.60%.

SBRA has been the topic of a number of research analyst reports. BidaskClub raised Sabra Health Care REIT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 10th. TheStreet raised Sabra Health Care REIT from a “c+” rating to a “b” rating in a research note on Thursday, August 8th. Finally, Zacks Investment Research lowered Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the stock. Sabra Health Care REIT presently has an average rating of “Hold” and an average price target of $20.20.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Planning boosted its stake in Sabra Health Care REIT by 1.2% during the second quarter. Creative Planning now owns 42,524 shares of the real estate investment trust’s stock worth $837,000 after buying an additional 500 shares during the last quarter. Eii Capital Management Inc. boosted its stake in Sabra Health Care REIT by 3.0% during the second quarter. Eii Capital Management Inc. now owns 18,347 shares of the real estate investment trust’s stock worth $361,000 after buying an additional 531 shares during the last quarter. 6 Meridian boosted its stake in Sabra Health Care REIT by 2.2% during the second quarter. 6 Meridian now owns 25,921 shares of the real estate investment trust’s stock worth $510,000 after buying an additional 554 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Sabra Health Care REIT by 0.9% during the first quarter. Oregon Public Employees Retirement Fund now owns 71,012 shares of the real estate investment trust’s stock worth $1,383,000 after buying an additional 638 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new position in Sabra Health Care REIT during the first quarter worth $34,000. 88.01% of the stock is currently owned by institutional investors.

About Sabra Health Care REIT

As of December 31, 2018, Sabra's investment portfolio included 470 real estate properties held for investment (consisting of (i) 335 Skilled Nursing/Transitional Care facilities, (ii) 90 Senior Housing communities (“Senior Housing – Leased”), (iii) 23 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), one investment in a direct financing lease, 22 investments in loans receivable (consisting of (i) one mortgage loan, (ii) two construction loans, (iii) one mezzanine loan and (iv) 18 other loans), nine preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.

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