Insider Activity Highlights the Momentum Behind Sabra Health Care REIT

Sabra Health Care REIT Inc. saw a modest yet noteworthy buy‑side move from Executive Vice President and Chief Administrative Officer Jessica Flores on February 10, 2026. The trade involved the vesting of 3,198 shares—each representing a fund‑from‑operations (FFO) unit tied to the 2025 performance period—at no cash cost to the company. While the transaction itself did not change the share count, it increased Flores’s post‑transaction holdings to 87,744 shares, a 1.4% rise in her ownership stake. The transaction’s timing, coupled with a slight uptick in the REIT’s share price (closing at $19.60 versus $19.57 the previous day), signals confidence in the firm’s recent earnings momentum.

What It Means for Investors

Flores’s buy‑side activity aligns with a broader pattern of insider confidence. Across the past year, the top three executives—Flores, Darrin Smith, and Lourenco Costa—have executed a combined 10 trades in the last two weeks alone, balancing acquisitions against strategic divestitures. The fact that the majority of these transactions are purchases, rather than sales, suggests that senior management believes Sabra’s real‑estate portfolio continues to generate robust FFO and that the REIT’s dividend‑equivalent policy is sustainable. For investors, this insider bullishness can serve as a contrarian signal: while the market has under‑priced the REIT’s upside potential (the 52‑week high is $19.97), insiders are willing to increase their exposure, implying a belief that the share price will climb toward that ceiling.

Flores Jessica: A Profile of a Long‑Term Stakeholder

Flores’s transaction history paints a portrait of a long‑term stakeholder who rarely divests. Her earliest recorded trade in this data set was a 363‑share purchase on November 28, 2025, followed by a 367‑share purchase on August 29, 2025, and a larger 7,996‑share buy on January 8, 2026. In contrast, her sales have been relatively modest and spread across the year, totaling just over 10,000 shares in two separate 2026 sales. Notably, her most recent sale on February 10, 2026 involved 1,172 shares at $19.15, slightly below the market price, indicating a tactical exit of a small position rather than a strategic divestiture. Overall, Flores holds roughly 1.8% of the REIT’s outstanding shares (87,744/4.78 billion), a sizable stake that signals confidence in the company’s long‑term strategy.

Insider Activity in Context

When viewed alongside other insider transactions, Sabra’s leadership appears cohesive. Smith bought 5,483 shares and sold 2,927 shares on the same day, while Costa bought 22,848 shares and held an additional 207 shares. The CEO, Richard Matros, increased his stake dramatically, adding 85,160 shares. Together, these moves demonstrate a shared belief in the REIT’s resilience and potential to deliver higher dividend equivalents as FFO targets are met. The overall sentiment index of +75 and buzz of 320% around Flores’s transaction suggest that the market is already reacting favorably to insider confidence, potentially creating a positive feedback loop.

Takeaway for the Trading Desk

From a trading perspective, the combination of insider buying, a solid 5.6% weekly gain, and a strong yearly return of 22.6% points to a stock that is outperforming its sector peers. The current 52‑week low of $15.60 and a high of $19.97 indicate upside room, while the recent FFO‑unit vesting underscores the company’s commitment to performance‑based equity awards. For portfolio managers and active traders, Sabra Health Care REIT presents an opportunity to capture value from an insider‑backed, dividend‑equivalent REIT that is positioned to benefit from the ongoing expansion of its health‑care asset base.

DateOwnerTransaction TypeSharesPrice per ShareSecurity
2026-02-10FLORES JESSICA (Executive VP & CAO)Buy3,198.00N/ACommon Stock
2026-02-10FLORES JESSICA (Executive VP & CAO)Sell1,172.0019.15Common Stock
2026-02-10Smith Darrin (Executive VP, CIO & Secretary)Buy5,483.00N/ACommon Stock
2026-02-10Smith Darrin (Executive VP, CIO & Secretary)Sell2,927.0019.15Common Stock
2026-02-10Smith Darrin (Executive VP, CIO & Secretary)Buy14,088.00N/ACommon Stock
2026-02-10Smith Darrin (Executive VP, CIO & Secretary)Sell6,390.0019.15Common Stock
2026-02-10Costa Michael Lourenco (Executive VP, CFO & Treasurer)Buy22,848.00N/ACommon Stock
N/ACosta Michael Lourenco (Executive VP, CFO & Treasurer)Holding784.00N/ACommon Stock
N/ACosta Michael Lourenco (Executive VP, CFO & Treasurer)Holding207.00N/ACommon Stock
2026-02-10MATROS RICHARD K (Chair, CEO and President)Buy85,160.00N/ACommon Stock
N/AMATROS RICHARD K (Chair, CEO and President)Holding1,857,686.00N/ACommon Stock