Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Director Catherine Cusack Purchases 1,000 Shares

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Director Catherine Cusack acquired 1,000 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was acquired at an average cost of $16.43 per share, with a total value of $16,430.00. Following the purchase, the director now directly owns 59,083 shares in the company, valued at $970,733.69. This represents a 1.72 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Catherine Cusack also recently made the following trade(s):

• On Monday, February 24th, Catherine Cusack acquired 1,500 shares of Sabra Health Care REIT stock. The stock was acquired at an average cost of $15.92 per share, with a total value of $23,880.00.

Sabra Health Care REIT Stock Up 0.4 %

Shares of NASDAQ SBRA opened at $16.45 on Friday. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88. Sabra Health Care REIT, Inc. has a 12 month low of $13.31 and a 12 month high of $20.03. The firm has a market capitalization of $3.91 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 1.97 and a beta of 1.25. The firm has a fifty day simple moving average of $16.78 and a two-hundred day simple moving average of $17.61.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The business had revenue of $182.35 million during the quarter, compared to analyst estimates of $178.01 million. Equities analysts expect that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current year.

Sabra Health Care REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.20 annualized dividend and a yield of 7.29%. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 226.42%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SBRA. Citizens Jmp raised shares of Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. JMP Securities raised shares of Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research report on Tuesday, January 7th. Mizuho reissued a “neutral” rating and set a $20.00 price target on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Finally, Truist Financial cut shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating and dropped their price target for the company from $18.00 to $17.00 in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sabra Health Care REIT has an average rating of “Moderate Buy” and an average target price of $18.86.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. VSM Wealth Advisory LLC bought a new position in shares of Sabra Health Care REIT in the 4th quarter worth about $26,000. Quarry LP bought a new position in shares of Sabra Health Care REIT in the 3rd quarter worth about $30,000. Assetmark Inc. increased its stake in shares of Sabra Health Care REIT by 168.4% in the 3rd quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,231 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Sabra Health Care REIT in the 3rd quarter worth about $59,000. Finally, GF Fund Management CO. LTD. bought a new position in shares of Sabra Health Care REIT in the 4th quarter worth about $74,000. 99.40% of the stock is currently owned by institutional investors.

About Sabra Health Care REIT

Sabra Health Care REIT, Inc engages in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Tustin, CA.