Sabra Health Care REIT (NASDAQ:SBRA) Releases FY 2021 Earnings Guidance

Sabra Health Care REIT (NASDAQ:SBRA) issued an update on its FY 2021 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.510-$1.530 for the period. The company issued revenue guidance of -.

A number of brokerages recently commented on SBRA. JMP Securities decreased their target price on shares of Sabra Health Care REIT from $24.00 to $20.00 and set a market outperform rating on the stock in a research report on Monday, September 13th. Zacks Investment Research cut shares of Sabra Health Care REIT from a hold rating to a sell rating in a research report on Wednesday, September 15th. Truist Financial raised shares of Sabra Health Care REIT to a buy rating and set a $18.00 price objective on the stock in a research note on Thursday, September 30th. Truist Securities raised shares of Sabra Health Care REIT from a hold rating to a buy rating and set a $18.00 price objective on the stock in a research note on Thursday, September 30th. Finally, Truist upgraded shares of Sabra Health Care REIT from a hold rating to a buy rating and set a $18.00 target price on the stock in a research note on Thursday, September 30th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Sabra Health Care REIT currently has a consensus rating of Buy and an average target price of $18.92.

SBRA stock opened at $14.93 on Thursday. The company has a fifty day simple moving average of $15.81 and a two-hundred day simple moving average of $17.19. The firm has a market capitalization of $3.30 billion, a P/E ratio of -165.87 and a beta of 1.50. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.67. Sabra Health Care REIT has a 52 week low of $12.86 and a 52 week high of $19.01.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings data on Wednesday, August 4th. The real estate investment trust reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.98). Sabra Health Care REIT had a negative return on equity of 0.75% and a negative net margin of 4.25%. As a group, analysts anticipate that Sabra Health Care REIT will post 1.51 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 31st. Investors of record on Tuesday, August 17th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 8.04%. The ex-dividend date of this dividend was Monday, August 16th. Sabra Health Care REIT’s payout ratio is presently 68.97%.

Sabra Health Care REIT Company Profile

Sabra Health Care REIT, Inc engages in managing and investing in healthcare-related real estate properties. It focuses on the acquisition, financing and owning real estate property to be leased to third party tenants in the healthcare sector. The company was founded on May 10, 2010 and is headquartered in Irvine, CA.

Further Reading: Understanding dividend yield and dividend payout ratio

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

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