Sabra Healthcare REIT, Inc. (SBRA) Announces $0.07 Quarterly Dividend
Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) announced a quarterly dividend on Thursday, November 2nd, NASDAQ reports. Stockholders of record on Wednesday, November 15th will be paid 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 dividend yield of 1.43%. The ex-dividend date is Tuesday, November 14th.
A number of brokerages have recently weighed in on SBRA. Mizuho lowered Sabra Healthcare REIT from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $25.00 to $23.00 in a research note on Monday, July 10th. Zacks Investment Research lowered Sabra Healthcare REIT from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Jefferies Group LLC upgraded Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, August 15th. Stifel Nicolaus restated a “hold” rating and set a $26.00 price target on shares of Sabra Healthcare REIT in a research note on Friday, July 28th. Finally, BidaskClub upgraded Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. 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 has a consensus rating of “Hold” and a consensus target price of $25.30.
About Sabra Healthcare REIT
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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