Equities research analysts expect Sabra Health Care REIT Inc (NASDAQ:SBRA) to report earnings per share of $0.46 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Sabra Health Care REIT’s earnings. The highest EPS estimate is $0.47 and the lowest is $0.45. Sabra Health Care REIT reported earnings of $0.55 per share during the same quarter last year, which indicates a negative year over year growth rate of 16.4%. The business is scheduled to issue its next earnings report before the market opens on Monday, November 4th.
On average, analysts expect that Sabra Health Care REIT will report full-year earnings of $1.87 per share for the current financial year, with EPS estimates ranging from $1.85 to $1.88. For the next year, analysts anticipate that the business will report earnings of $1.89 per share, with EPS estimates ranging from $1.81 to $1.95. Zacks’ EPS calculations are an average based on a survey of analysts that cover Sabra Health Care REIT.
Sabra Health Care REIT (NASDAQ:SBRA) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). Sabra Health Care REIT had a return on equity of 0.67% and a net margin of 3.37%. The firm had revenue of $219.37 million during the quarter, compared to analyst estimates of $162.17 million.
Several research analysts have commented on SBRA shares. Bank of America started coverage on shares of Sabra Health Care REIT in a report on Monday, October 14th. They issued a “neutral” rating for the company. Zacks Investment Research cut shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a report on Thursday. Barclays assumed coverage on shares of Sabra Health Care REIT in a report on Tuesday, September 3rd. They set an “overweight” rating and a $24.00 price target for the company. TheStreet upgraded shares of Sabra Health Care REIT from a “c+” rating to a “b” rating in a report on Thursday, August 8th. Finally, BidaskClub upgraded shares of Sabra Health Care REIT from a “buy” rating to a “strong-buy” rating in a report on Friday, September 27th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $21.43.
Shares of SBRA traded up $0.21 during midday trading on Friday, hitting $23.63. The stock had a trading volume of 1,365,502 shares, compared to its average volume of 1,320,282. Sabra Health Care REIT has a fifty-two week low of $15.70 and a fifty-two week high of $23.84. The business has a 50-day simple moving average of $22.49 and a two-hundred day simple moving average of $20.63. The firm has a market cap of $4.44 billion, a P/E ratio of 10.32, a price-to-earnings-growth ratio of -5.97 and a beta of 0.82. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.82.
In related news, Director Michael J. Foster sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $20.78, for a total transaction of $311,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Raymond J. Lewis sold 58,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $21.47, for a total transaction of $1,245,260.00. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
Several hedge funds have recently bought and sold shares of SBRA. Prime Capital Investment Advisors LLC acquired a new stake in Sabra Health Care REIT in the second quarter valued at approximately $28,000. Centaurus Financial Inc. acquired a new stake in Sabra Health Care REIT in the first quarter valued at approximately $34,000. Enterprise Financial Services Corp lifted its stake in Sabra Health Care REIT by 81.9% in the second quarter. Enterprise Financial Services Corp now owns 2,166 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 975 shares during the last quarter. Stonebridge Capital Advisors LLC acquired a new stake in Sabra Health Care REIT in the second quarter valued at approximately $54,000. Finally, CSat Investment Advisory L.P. acquired a new stake in Sabra Health Care REIT in the second quarter valued at approximately $116,000. Institutional investors and hedge funds own 89.65% of the company’s stock.
Sabra Health Care REIT Company Profile
As of December 31, 2018, Sabra's investment portfolio included 470 real estate properties held for investment (consisting of (i) 335 Skilled Nursing/Transitional Care facilities, (ii) 90 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), one investment in a direct financing lease, 22 investments in loans receivable (consisting of (i) one mortgage loan, (ii) two construction loans, (iii) one mezzanine loan and (iv) 18 other loans), nine preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.
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