Sabra Healthcare REIT, Inc. (NASDAQ:SBRA – Get Free Report) announced a quarterly dividend on Monday, November 2nd. Stockholders of record on Friday, November 13th will be given a dividend of $0.30 per share by the real estate investment trust on Monday, November 30th. This represents a $1.20 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, November 13th.
Sabra Healthcare REIT has a 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. Analysts expect Sabra Healthcare REIT to earn $1.60 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 75.0%.
Sabra Healthcare REIT Trading Up 1.7%
Shares of SBRA traded up $0.33 during trading hours on Tuesday, hitting $20.05. The stock had a trading volume of 2,072,527 shares, compared to its average volume of 2,658,672. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.07 and a current ratio of 3.07. The firm has a market cap of $5.12 billion, a P/E ratio of 77.34, a P/E/G ratio of 1.73 and a beta of 0.63. The company’s fifty day simple moving average is $19.86 and its 200 day simple moving average is $19.96. Sabra Healthcare REIT has a 12-month low of $17.53 and a 12-month high of $22.77.
Sabra Healthcare REIT (NASDAQ:SBRA – Get Free Report) last issued its earnings results on Monday, November 2nd. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). Sabra Healthcare REIT had a net margin of 7.61% and a return on equity of 2.34%. The business had revenue of $249.57 million during the quarter, compared to analysts’ expectations of $236.64 million. During the same period in the prior year, the business posted $0.38 EPS. The business’s revenue was up 31.4% on a year-over-year basis. Equities research analysts forecast that Sabra Healthcare REIT will post 1.52 EPS for the current fiscal year.
Sabra Healthcare REIT Company Profile
Sabra Healthcare REIT, Inc is a self-managed real estate investment trust that owns and invests in healthcare-related real estate. The company focuses primarily on properties used for skilled nursing and transitional care, senior housing, behavioral health, specialty hospitals and other healthcare services.
Sabra leases properties to healthcare operators and also provides capital through loans, joint ventures and other real estate investments. Its portfolio is designed to support a range of care settings, including facilities serving seniors, patients requiring rehabilitation and individuals receiving behavioral healthcare.
Founded in 2010 and headquartered in Irvine, California, Sabra has expanded through acquisitions, development investments and strategic transactions, including its 2017 combination with Care Capital Properties.
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