$0.49 Earnings Per Share Expected for Sabra Health Care REIT Inc (SBRA) This Quarter

Wall Street brokerages expect that Sabra Health Care REIT Inc (NASDAQ:SBRA) will post earnings of $0.49 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Sabra Health Care REIT’s earnings. The lowest EPS estimate is $0.47 and the highest is $0.53. Sabra Health Care REIT posted earnings of $0.57 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 14%. The business is expected to announce its next quarterly earnings results on Wednesday, August 14th.

On average, analysts expect that Sabra Health Care REIT will report full year earnings of $1.94 per share for the current financial year, with EPS estimates ranging from $1.92 to $1.96. For the next year, analysts anticipate that the firm will post earnings of $1.94 per share, with EPS estimates ranging from $1.90 to $1.99. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Sabra Health Care REIT.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its earnings results on Wednesday, May 8th. The real estate investment trust reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.94). The firm had revenue of $136.77 million for the quarter, compared to analysts’ expectations of $144.87 million. Sabra Health Care REIT had a return on equity of 8.30% and a net margin of 44.77%.

SBRA has been the topic of several analyst reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Sabra Health Care REIT in a research report on Monday, January 14th. BidaskClub upgraded shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Zacks Investment Research upgraded shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Thursday, February 21st. Finally, ValuEngine downgraded shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Sabra Health Care REIT currently has a consensus rating of “Hold” and a consensus target price of $21.33.

Several hedge funds and other institutional investors have recently modified their holdings of SBRA. Oregon Public Employees Retirement Fund increased its stake in shares of Sabra Health Care REIT by 0.9% in the first quarter. Oregon Public Employees Retirement Fund now owns 71,012 shares of the real estate investment trust’s stock worth $1,383,000 after buying an additional 638 shares during the last quarter. Creative Planning lifted its holdings in Sabra Health Care REIT by 1.6% during the 1st quarter. Creative Planning now owns 42,024 shares of the real estate investment trust’s stock worth $818,000 after buying an additional 660 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Sabra Health Care REIT by 0.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 94,721 shares of the real estate investment trust’s stock worth $1,561,000 after buying an additional 669 shares in the last quarter. Essex Financial Services Inc. lifted its holdings in Sabra Health Care REIT by 4.5% during the 1st quarter. Essex Financial Services Inc. now owns 16,422 shares of the real estate investment trust’s stock worth $320,000 after buying an additional 710 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in Sabra Health Care REIT by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 231,156 shares of the real estate investment trust’s stock worth $3,809,000 after buying an additional 758 shares in the last quarter. Institutional investors and hedge funds own 85.97% of the company’s stock.

SBRA stock traded down $0.54 during midday trading on Monday, hitting $19.22. The company’s stock had a trading volume of 34,761 shares, compared to its average volume of 1,771,781. The stock has a market capitalization of $3.55 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 10.87 and a beta of 1.00. Sabra Health Care REIT has a 12 month low of $15.70 and a 12 month high of $23.83. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.99.

About Sabra Health Care REIT

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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