Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Director Catherine Cusack Purchases 1,500 Shares

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Director Catherine Cusack purchased 1,500 shares of Sabra Health Care REIT stock in a transaction dated Monday, February 24th. The stock was bought at an average cost of $15.92 per share, for a total transaction of $23,880.00. Following the completion of the purchase, the director now directly owns 60,583 shares in the company, valued at approximately $964,481.36. This trade represents a 2.54 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, February 21st, Catherine Cusack bought 1,000 shares of Sabra Health Care REIT stock. The stock was purchased at an average cost of $16.43 per share, for a total transaction of $16,430.00.

Sabra Health Care REIT Stock Performance

Shares of NASDAQ SBRA traded up $0.54 during midday trading on Tuesday, reaching $16.42. 2,299,149 shares of the company were exchanged, compared to its average volume of 2,080,510. The stock has a market cap of $3.91 billion, a P/E ratio of 30.98, a PEG ratio of 1.97 and a beta of 1.25. Sabra Health Care REIT, Inc. has a 1 year low of $13.31 and a 1 year high of $20.03. The stock has a fifty day simple moving average of $16.82 and a 200 day simple moving average of $17.63. 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 (NASDAQ:SBRA) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. The company had revenue of $182.35 million during the quarter, compared to analysts’ expectations of $178.01 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. On average, research analysts forecast that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current fiscal year.

Sabra Health Care REIT Announces Dividend

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Sabra Health Care REIT

Large investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its stake in shares of Sabra Health Care REIT by 4.5% during the third quarter. Rockefeller Capital Management L.P. now owns 15,369 shares of the real estate investment trust’s stock worth $286,000 after acquiring an additional 655 shares during the period. Assetmark Inc. boosted its holdings in Sabra Health Care REIT by 33.4% in the 4th quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 656 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Sabra Health Care REIT by 0.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust’s stock worth $3,068,000 after purchasing an additional 763 shares during the period. Focus Partners Wealth raised its stake in shares of Sabra Health Care REIT by 4.0% during the 4th quarter. Focus Partners Wealth now owns 20,771 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 797 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of Sabra Health Care REIT by 1.2% during the 4th quarter. Louisiana State Employees Retirement System now owns 65,700 shares of the real estate investment trust’s stock worth $1,138,000 after buying an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

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.