LONDON, UK / ACCESSWIRE / February 13, 2018 / Active-Investors has a free review on Sabra Health Care REIT, Inc. (NASDAQ: SBRA) following the Company's announcement that it will begin trading ex-dividend on February 14, 2018. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on February 13, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on SBRA:
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On February 05, 2018, Sabra's Board of Directors declared a quarterly cash dividend of $0.45 per share of common stock. The dividend will be paid on February 28, 2018, to common stockholders of record as of the close of business on February 15, 2018.
In addition, on February 05, 2018, Sabra's Board declared a quarterly cash dividend of $0.4453125 per share of Series A Preferred Stock. The dividend will be paid on February 28, 2018, to preferred stockholders of record as of the close of business on February 15, 2018.
Sabra's indicated dividend represents a yield of 10.80%, which is more than double compared to the average dividend yield of 5.25% for the financial sector. The Company has raised dividend for seven consecutive years.
Sabra has a dividend pay-out ratio of 72.9%, which denotes that the Company distributes approximately $0.73 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Sabra is forecasted to report earnings of $1.83 per share for the next year compared to the Company's annualized dividend of $1.80 per share. One of the primary reasons for the difference between earnings and annualized dividend is that Sabra is a Real Estate Investment Trust (REIT) which is structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges.
Since depreciation is a non-cash charge, it does not directly impact the ability of dividend the companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization to earnings and subtracting any gains on sales which then provides a better picture of any company's profitability and capacity to pay and to sustain dividends. For instance, for the quarter ended September 30, 2017, Sabra's net income attributable to common stockholders was $12.53 million, or $0.11 per diluted share, compared to $22.78 million, or $0.35 per diluted share, in Q3 2016.
On the other hand, Sabra's Q3 2017, Normalized FFO attributable to common stockholders was $70.30 million, or 0.63 per diluted share, compared to $35.45 million, or $0.54 per diluted share, in Q3 2016. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
On February 05, 2018, Sabra announced that it will issue its fourth quarter (Q4) 2017 earnings results on February 21, 2018. A conference call with a simultaneous webcast to discuss the Q4 2017 results will be held on February 22, 2018, at 10:00 a.m. Pacific Time.
About Sabra Health Care REIT, Inc.
Sabra, a Maryland corporation, operates as a self-administered, self-managed REIT that, through its subsidiaries, owns and invests in real estate serving the healthcare industry throughout the United States and Canada. As of September 30, 2017, Sabra's real estate properties held for investment included 55,904 beds/units, spread across the United States and Canada.
Stock Performance Snapshot
February 12, 2018 - At Monday's closing bell, Sabra's stock slightly advanced 0.90%, ending the trading session at $16.81.
Volume traded for the day: 3.45 million shares, which was above the 3-month average volume of 1.68 million shares.
After yesterday's close, Sabra's market cap was at $2.95 billion.
Price to Earnings (P/E) ratio was at 21.61.
The stock has a dividend yield of 10.71%.
The stock is part of the Financial sector, categorized under the REIT - Healthcare Facilities industry. This sector was up 1.1% at the end of the session.
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