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In a recent transaction, Michael J. Foster, a director at Sabra Health Care REIT (NYSE:WELL), Inc. (NASDAQ:SBRA), sold 11,000 shares of the company’s common stock. The $4.09 billion healthcare REIT maintains a robust 6.94% dividend yield and has consistently paid dividends for 15 consecutive years, according to InvestingPro data. The shares were sold at a price of $18.216 each, amounting to a total transaction value of $200,376. Following this sale, Foster retains direct ownership of 64,725 shares. Additionally, Foster holds 42,411.745 shares indirectly through a 401(k) plan.
This transaction was filed with the Securities and Exchange Commission for the reporting period ending May 20, 2025.
In other recent news, Sabra Healthcare REIT Inc . reported its first-quarter 2025 earnings, meeting analysts’ expectations with an earnings per share (EPS) of $0.17. The company’s revenue slightly exceeded projections, coming in at $183.54 million compared to the expected $179.48 million. Sabra also reaffirmed its 2025 earnings guidance, indicating continued growth prospects. The company has been active in strategic acquisitions, with over $200 million in deals awarded, primarily in senior housing. Notably, these acquisitions are not yet included in the current guidance, as mentioned by the company’s CFO, Michael Costa. Sabra’s management highlighted a strong deal pipeline, with a focus on senior housing and skilled nursing segments. The company also reported an increase in cash rental income from its triple net portfolio, totaling $90 million for the quarter. Analyst discussions during the earnings call touched on the company’s strategic focus on acquisitions and its cautious approach to growth.
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