$0.40 Earnings Per Share Expected for Sabra Health Care REIT, Inc. (NASDAQ:SBRA) This Quarter

Equities research analysts predict that Sabra Health Care REIT, Inc. (NASDAQ:SBRA) will post $0.40 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Sabra Health Care REIT’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.41. Sabra Health Care REIT reported earnings of $0.45 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 11.1%. The business is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, May 5th.

According to Zacks, analysts expect that Sabra Health Care REIT will report full-year earnings of $1.62 per share for the current fiscal year, with EPS estimates ranging from $1.55 to $1.66. For the next financial year, analysts anticipate that the business will post earnings of $1.71 per share, with EPS estimates ranging from $1.58 to $1.83. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Sabra Health Care REIT.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings results on Sunday, February 21st. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.24). Sabra Health Care REIT had a return on equity of 4.15% and a net margin of 23.42%.

SBRA has been the topic of several recent research reports. Zacks Investment Research downgraded Sabra Health Care REIT from a “hold” rating to a “strong sell” rating in a research note on Friday, March 12th. Jefferies Financial Group upgraded Sabra Health Care REIT from a “hold” rating to a “buy” rating and increased their target price for the company from $17.00 to $20.00 in a research note on Wednesday, January 13th. Mizuho downgraded Sabra Health Care REIT from a “buy” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research note on Wednesday, January 13th. Finally, BMO Capital Markets upgraded Sabra Health Care REIT from an “underperform” rating to a “market perform” rating and set a $19.00 target price on the stock in a research note on Thursday, January 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $17.25.

Sabra Health Care REIT stock opened at $17.78 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $3.84 billion, a P/E ratio of 25.77 and a beta of 1.49. The stock’s 50 day moving average is $17.94 and its 200 day moving average is $17.15. Sabra Health Care REIT has a twelve month low of $10.65 and a twelve month high of $18.95.

In related news, Director Michael J. Foster sold 6,000 shares of the firm’s stock in a transaction on Thursday, March 4th. The stock was sold at an average price of $17.43, for a total value of $104,580.00. Following the transaction, the director now directly owns 42,667 shares of the company’s stock, valued at approximately $743,685.81. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in SBRA. First Trust Advisors LP raised its holdings in Sabra Health Care REIT by 37.3% in the 1st quarter. First Trust Advisors LP now owns 113,444 shares of the real estate investment trust’s stock worth $2,209,000 after purchasing an additional 30,805 shares during the period. Great West Life Assurance Co. Can raised its holdings in Sabra Health Care REIT by 4.4% during the third quarter. Great West Life Assurance Co. Can now owns 131,411 shares of the real estate investment trust’s stock valued at $1,811,000 after acquiring an additional 5,479 shares during the period. Brinker Capital Investments LLC bought a new stake in Sabra Health Care REIT during the third quarter valued at about $817,000. Van ECK Associates Corp raised its holdings in Sabra Health Care REIT by 23.5% during the third quarter. Van ECK Associates Corp now owns 6,196 shares of the real estate investment trust’s stock valued at $85,000 after acquiring an additional 1,177 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Sabra Health Care REIT during the third quarter valued at about $267,000. 88.94% of the stock is currently owned by institutional investors.

Sabra Health Care REIT Company Profile

As of September 30, 2020, Sabra's investment portfolio included 425 real estate properties held for investment (consisting of (i) 287 Skilled Nursing/Transitional Care facilities, (ii) 64 Senior Housing communities (ÂSenior Housing – LeasedÂ), (iii) 47 Senior Housing communities operated by third-party property managers pursuant to property management agreements (ÂSenior Housing – ManagedÂ) and (iv) 27 Specialty Hospitals and Other facilities), one asset held for sale, one investment in a direct financing lease, 19 investments in loans receivable (consisting of (i) one mortgage loan, (ii) one construction loan and (iii) 17 other loans), six preferred equity investments and one investment in an unconsolidated joint venture that owns 158 Senior Housing – Managed communities.

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Earnings History and Estimates for Sabra Health Care REIT (NASDAQ:SBRA)

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