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 the stock in a transaction dated Monday, February 24th. The shares were 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 owns 60,583 shares in the company, valued at approximately $964,481.36. This trade represents a 2.54 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

Sabra Health Care REIT Price Performance

SBRA stock traded up $0.54 on Tuesday, reaching $16.42. The company had a trading volume of 2,299,149 shares, compared to its average volume of 2,080,510. 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 company’s fifty day moving average is $16.82 and its 200 day moving average is $17.63. The company 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.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The business had revenue of $182.35 million for the quarter, compared to the consensus estimate 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 year.

Sabra Health Care REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.30 per share. 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%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Truist Financial cut shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating and dropped their target price for the company from $18.00 to $17.00 in a report 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 price objective for the company in a research note on Tuesday, January 7th. Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, Mizuho reissued a “neutral” rating and issued a $20.00 target price on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $18.86.

Institutional Investors Weigh In On Sabra Health Care REIT

A number of hedge funds and other institutional investors have recently modified their holdings of the company. VSM Wealth Advisory LLC acquired a new stake in Sabra Health Care REIT during the fourth quarter worth approximately $26,000. Quarry LP acquired a new position in Sabra Health Care REIT in the 3rd quarter valued at $30,000. Assetmark Inc. lifted its stake in shares of Sabra Health Care REIT by 168.4% during the 3rd quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,231 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sabra Health Care REIT during the third quarter worth $59,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of Sabra Health Care REIT in the third quarter valued at $78,000. 99.40% of the stock is currently owned by hedge funds and other 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.