Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) announced a quarterly dividend on Thursday, November 2nd, NASDAQ reports. Investors of record on Wednesday, November 15th will be given a dividend of 0.07 per share by the real estate investment trust on Thursday, November 30th. This represents a $0.28 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, November 14th.
Shares of Sabra Healthcare REIT (NASDAQ SBRA) traded down $0.55 during trading on Monday, reaching $18.91. 1,408,806 shares of the company’s stock were exchanged, compared to its average volume of 1,577,545. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.66 and a quick ratio of 1.66. Sabra Healthcare REIT has a twelve month low of $19.07 and a twelve month high of $29.10. The firm has a market cap of $3,400.00, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 2.52 and a beta of 0.94.
A number of analysts have recently weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $26.00 price objective on shares of Sabra Healthcare REIT in a research note on Friday, July 28th. BidaskClub upgraded shares of Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded shares of Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Mizuho upgraded shares of Sabra Healthcare REIT from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $23.00 to $24.00 in a research note on Monday, September 11th. Finally, Bank of America Corporation increased their price objective on shares of Sabra Healthcare REIT from $21.00 to $22.00 and gave the stock an “underperform” rating in a research note on Friday, September 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Sabra Healthcare REIT presently has a consensus rating of “Hold” and an average price target of $24.40.
Sabra Healthcare REIT Company Profile
Sabra Health Care REIT, Inc is a real estate investment trust. The Company, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company’s segment includes investments in healthcare-related real estate properties. The Company’s primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.
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