Sabra Health Care REIT (NASDAQ:SBRA) Reaches New 12-Month Low at $11.29

Sabra Health Care REIT (NASDAQ:SBRA) Reaches New 12-Month Low at .29

Sabra Health Care REIT, Inc. (NASDAQ:SBRA – Get Rating) shares hit a new 52-week low during trading on Friday . The company traded as low as $11.29 and last traded at $11.38, with a volume of 532507 shares trading hands. The stock had previously closed at $11.57.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SBRA. JMP Securities lowered shares of Sabra Health Care REIT from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 13th. Bank of America lowered shares of Sabra Health Care REIT from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $15.00 to $13.00 in a research note on Monday, November 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $14.50.

Sabra Health Care REIT Trading Down 3.2 %

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 company has a fifty day simple moving average of $12.83 and a 200-day simple moving average of $13.07.

Sabra Health Care REIT Dividend Announcement

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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Monday, February 13th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 10.71%. The ex-dividend date was Friday, February 10th. Sabra Health Care REIT’s dividend payout ratio is presently -352.93%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Barclays PLC grew its position in Sabra Health Care REIT by 2.6% during the 3rd quarter. Barclays PLC now owns 780,159 shares of the real estate investment trust’s stock worth $10,235,000 after purchasing an additional 19,742 shares in the last quarter. Mutual Advisors LLC purchased a new position in shares of Sabra Health Care REIT during the third quarter valued at $203,000. Phocas Financial Corp. grew its holdings in shares of Sabra Health Care REIT by 3.3% during the third quarter. Phocas Financial Corp. now owns 530,578 shares of the real estate investment trust’s stock valued at $6,961,000 after buying an additional 16,956 shares in the last quarter. Rockefeller Capital Management LP raised its position in Sabra Health Care REIT by 1,220.5% during the third quarter. Rockefeller Capital Management LP now owns 194,857 shares of the real estate investment trust’s stock valued at $2,556,000 after buying an additional 180,101 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in Sabra Health Care REIT in the 3rd quarter worth about $546,000. 87.20% of the stock is owned by hedge funds and other institutional investors.

Sabra Health Care REIT Company Profile

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Sabra Health Care REIT, Inc is engaged 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.

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