Other research analysts also recently issued reports about the company. Barclays started coverage on Sabra Health Care REIT in a research note on Tuesday, September 3rd. They set an overweight rating and a $24.00 target price for the company. Zacks Investment Research lowered Sabra Health Care REIT from a buy rating to a hold rating in a research report on Friday, August 23rd. Finally, TheStreet raised shares of Sabra Health Care REIT from a c+ rating to a b rating in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Sabra Health Care REIT presently has a consensus rating of Hold and an average target price of $20.83.
Shares of Sabra Health Care REIT stock opened at $21.75 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.82. Sabra Health Care REIT has a twelve month low of $15.70 and a twelve month high of $23.68. The business has a 50-day moving average price of $21.28 and a 200 day moving average price of $19.84. The firm has a market cap of $4.15 billion, a PE ratio of 9.50, a P/E/G ratio of 12.36 and a beta of 0.85.
The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Tuesday, August 20th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date was Monday, August 19th. Sabra Health Care REIT’s dividend payout ratio is presently 78.60%.
In other Sabra Health Care REIT news, Director Michael J. Foster sold 15,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $20.78, for a total transaction of $311,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Raymond J. Lewis sold 58,000 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $21.47, for a total value of $1,245,260.00. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
Several large investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of Sabra Health Care REIT by 13.8% in the fourth quarter. Geode Capital Management LLC now owns 2,134,155 shares of the real estate investment trust’s stock worth $35,170,000 after buying an additional 258,266 shares in the last quarter. Bank of Montreal Can raised its holdings in Sabra Health Care REIT by 1.5% in the 1st quarter. Bank of Montreal Can now owns 167,038 shares of the real estate investment trust’s stock valued at $3,252,000 after acquiring an additional 2,407 shares during the last quarter. SG Americas Securities LLC raised its holdings in Sabra Health Care REIT by 49.8% in the 1st quarter. SG Americas Securities LLC now owns 33,091 shares of the real estate investment trust’s stock valued at $644,000 after acquiring an additional 11,002 shares during the last quarter. First Republic Investment Management Inc. purchased a new position in Sabra Health Care REIT in the 1st quarter worth approximately $250,000. Finally, Janus Henderson Group PLC lifted its stake in Sabra Health Care REIT by 6.4% in the 1st quarter. Janus Henderson Group PLC now owns 38,863 shares of the real estate investment trust’s stock worth $757,000 after purchasing an additional 2,340 shares in the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.
Sabra Health Care REIT Company Profile
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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