Sabra Health Care REIT (NASDAQ:SBRA) Hits New 12-Month Low at $10.93

Sabra Health Care REIT, Inc. (NASDAQ:SBRA – Get Rating) hit a new 52-week low on Thursday . The stock traded as low as $10.93 and last traded at $11.03, with a volume of 529087 shares traded. The stock had previously closed at $11.35.

Analyst Ratings Changes

Several brokerages have recently weighed in on SBRA. JMP Securities downgraded Sabra Health Care REIT from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 13th. StockNews.com started coverage on Sabra Health Care REIT in a research note on Thursday. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.50.

Sabra Health Care REIT Price Performance

The stock has a market cap of $2.47 billion, a PE ratio of -31.44 and a beta of 1.30. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.27 and a quick ratio of 3.27. The business has a fifty day moving average of $12.71 and a 200 day moving average of $12.97.

Sabra Health Care REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Monday, February 13th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 11.23%. The ex-dividend date was Friday, February 10th. Sabra Health Care REIT’s dividend payout ratio is currently -352.93%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Accel Wealth Management bought a new position in Sabra Health Care REIT during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC bought a new position in Sabra Health Care REIT during the 3rd quarter worth approximately $29,000. Point72 Hong Kong Ltd bought a new position in Sabra Health Care REIT during the 2nd quarter worth approximately $31,000. Hollencrest Capital Management bought a new position in Sabra Health Care REIT during the 4th quarter worth approximately $31,000. Finally, Lazard Asset Management LLC bought a new position in Sabra Health Care REIT during the 2nd quarter worth approximately $38,000. Institutional investors own 87.20% of the company’s stock.

About Sabra Health Care REIT

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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 Irvine, CA.