Brokerages Anticipate Sabra Health Care REIT Inc (SBRA) to Announce $0.61 Earnings Per Share

Brokerages predict that Sabra Health Care REIT Inc (NASDAQ:SBRA) will announce earnings of $0.61 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Sabra Health Care REIT’s earnings. The lowest EPS estimate is $0.55 and the highest is $0.64. Sabra Health Care REIT posted earnings per share of $0.66 in the same quarter last year, which would indicate a negative year-over-year growth rate of 7.6%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 20th.

On average, analysts expect that Sabra Health Care REIT will report full-year earnings of $2.47 per share for the current year, with EPS estimates ranging from $2.39 to $2.51. For the next fiscal year, analysts forecast that the business will report earnings of $2.50 per share, with EPS estimates ranging from $2.31 to $2.62. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Sabra Health Care REIT.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its earnings results on Monday, November 5th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.42). Sabra Health Care REIT had a return on equity of 11.80% and a net margin of 61.85%. The firm had revenue of $151.80 million during the quarter, compared to analysts’ expectations of $162.64 million.

SBRA has been the subject of several research reports. ValuEngine upgraded Sabra Health Care REIT from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. BidaskClub upgraded Sabra Health Care REIT from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. Zacks Investment Research cut Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research note on Saturday, October 13th. BMO Capital Markets assumed coverage on Sabra Health Care REIT in a research note on Tuesday, September 18th. They set a “market perform” rating and a $24.00 price objective for the company. Finally, Jefferies Financial Group restated a “$21.91” rating and set a $22.00 price objective on shares of Sabra Health Care REIT in a research note on Wednesday, July 18th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $22.73.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Tocqueville Asset Management L.P. raised its stake in Sabra Health Care REIT by 11.9% in the second quarter. Tocqueville Asset Management L.P. now owns 21,747 shares of the real estate investment trust’s stock valued at $473,000 after buying an additional 2,306 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Sabra Health Care REIT by 2.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 110,100 shares of the real estate investment trust’s stock valued at $2,546,000 after buying an additional 2,500 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Sabra Health Care REIT by 14.6% in the second quarter. Commonwealth Equity Services LLC now owns 19,786 shares of the real estate investment trust’s stock valued at $430,000 after buying an additional 2,525 shares during the last quarter. US Bancorp DE raised its stake in Sabra Health Care REIT by 91.5% in the second quarter. US Bancorp DE now owns 5,699 shares of the real estate investment trust’s stock valued at $124,000 after buying an additional 2,723 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Sabra Health Care REIT by 11.6% in the third quarter. Daiwa Securities Group Inc. now owns 26,976 shares of the real estate investment trust’s stock valued at $624,000 after buying an additional 2,800 shares during the last quarter. Hedge funds and other institutional investors own 90.72% of the company’s stock.

Shares of SBRA stock traded down $0.11 during mid-day trading on Friday, hitting $21.28. The stock had a trading volume of 2,300,951 shares, compared to its average volume of 1,912,372. Sabra Health Care REIT has a 12-month low of $15.77 and a 12-month high of $23.83. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 8.76, a P/E/G ratio of 2.78 and a beta of 0.56. The company has a current ratio of 2.88, a quick ratio of 3.16 and a debt-to-equity ratio of 1.00.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Thursday, November 15th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.46%. The ex-dividend date of this dividend is Wednesday, November 14th. Sabra Health Care REIT’s dividend payout ratio (DPR) is currently 74.07%.

About Sabra Health Care REIT

As of June 30, 2018, Sabra's investment portfolio included 487 real estate properties held for investment (consisting of (i) 352 Skilled Nursing/Transitional Care facilities, (ii) 89 Senior Housing communities (?Senior Housing – Leased?), (iii) 24 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 asset held for sale, 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, (iv) one pre-development loan and (v) 17 other loans), 13 preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.

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