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

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Director Catherine Cusack purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average cost of $16.43 per share, with a total value of $16,430.00. Following the completion of the purchase, the director now owns 59,083 shares in the company, valued at $970,733.69. This trade represents a 1.72 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

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

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

Sabra Health Care REIT Trading Up 3.4 %

NASDAQ:SBRA opened at $16.42 on Wednesday. Sabra Health Care REIT, Inc. has a one year low of $13.31 and a one year high of $20.03. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32. The firm has a market cap of $3.91 billion, a P/E ratio of 30.98, a P/E/G ratio of 1.97 and a beta of 1.25. The firm has a 50-day simple moving average of $16.79 and a 200-day simple moving average of $17.63.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, meeting 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 anticipate that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.30 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 7.31%. Sabra Health Care REIT’s dividend payout ratio is currently 226.42%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SBRA. Creative Planning raised its stake in shares of Sabra Health Care REIT by 8.9% during the 3rd quarter. Creative Planning now owns 24,284 shares of the real estate investment trust’s stock worth $452,000 after acquiring an additional 1,992 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Sabra Health Care REIT by 1,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,104 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 5,776 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Sabra Health Care REIT by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,985 shares of the real estate investment trust’s stock worth $166,000 after acquiring an additional 2,318 shares in the last quarter. Vanderbilt University bought a new position in shares of Sabra Health Care REIT during the 3rd quarter worth approximately $1,647,000. Finally, abrdn plc raised its stake in shares of Sabra Health Care REIT by 58.2% during the 3rd quarter. abrdn plc now owns 875,495 shares of the real estate investment trust’s stock worth $16,293,000 after acquiring an additional 322,255 shares in the last quarter. Institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Company Profile

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.