Sabra Health Care REIT, Inc. (NASDAQ:SBRA) will begin trading ex-dividend on November 13, 2020. The quarterly dividend payment of $ 0.30 per share is scheduled to be paid on November 30, 2020. The dividend yield based on the latest trading day closing price was 7.33 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 13, 2020.
Dividends History
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Sabra Health Care REIT, Inc. recently reported third quarter financial results on November 5, 2020, after market close, the Irvine based company revealed income for the third quarter of $ 0.18 per share, from the revenue of $ 143.25 million. The quarterly earnings decreased 61.70 percent while revenues declined 4.39 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.16 per share from $ 151.55 million in revenue. The bottom line results beat street analysts by $ 0.02 or 12.50 percent, at the same time, top line results fell short of analysts by $ 8.3 million or 5.48 percent.
Stock Performance
Shares of Sabra Health Care REIT, Inc. traded low $ -0.18 or -1.09 percent on Wednesday, reaching $ 16.36 with volume of 2.36 million shares. Sabra Health Care REIT, Inc. has traded high as $ 16.59 and has cracked $ 16.01 on the downward trend
The closing price of $ 16.36, representing a 198.02 % increase from the 52 week low of $ 5.55 and a 27.26 % decrease over the 52 week high of $ 22.74.
The company has a market capital of $ 3.39 billion and is part of the Real Estate sector and REIT – Healthcare Facilities industry.
As of March 31, 2019, Sabras investment portfolio included 437 real estate properties held for investment (consisting of (i) 304 Skilled Nursing/Transitional Care facilities, (ii) 88 Senior Housing communities (Senior Housing Leased), (iii) 23 Senior Housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing Managed) and (iv) 22 Specialty Hospitals and Other facilities), 30 assets held for sale, one investment in a direct financing lease, 20 investments in loans receivable (consisting of (i) one mortgage loan, (ii) two construction loans and (iii) 17 other loans), nine preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing Managed communities. As of March 31, 2019, Sabras real estate properties held for investment included 43,884 beds/units and its unconsolidated joint venture included 7,652 beds/units, spread across the United States and Canada.
