FY2018 EPS Estimates for Sabra Health Care REIT Inc (SBRA) Cut by Analyst

Sabra Health Care REIT Inc (NASDAQ:SBRA) – Analysts at SunTrust Banks dropped their FY2018 earnings per share estimates for shares of Sabra Health Care REIT in a research note issued to investors on Tuesday, November 20th. SunTrust Banks analyst E. Fleming now anticipates that the real estate investment trust will earn $2.30 per share for the year, down from their prior estimate of $2.49. SunTrust Banks also issued estimates for Sabra Health Care REIT’s Q1 2019 earnings at $0.49 EPS, Q2 2019 earnings at $0.49 EPS and Q4 2019 earnings at $0.50 EPS.

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

Several other analysts also recently weighed in on the stock. Citigroup set a $18.00 target price on shares of Sabra Health Care REIT and gave the stock a “hold” rating in a research report on Tuesday. BidaskClub downgraded shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research downgraded shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research report on Saturday, November 17th. Bank of America downgraded shares of Sabra Health Care REIT from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $23.00 to $21.00 in a research report on Friday, November 16th. Finally, Raymond James downgraded shares of Sabra Health Care REIT from an “outperform” rating to a “market perform” rating in a research report on Friday, November 16th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $22.00.

NASDAQ:SBRA opened at $18.72 on Thursday. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 7.70, a P/E/G ratio of 2.39 and a beta of 0.56. Sabra Health Care REIT has a twelve month low of $15.77 and a twelve month high of $23.83. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 1.00.

Several hedge funds have recently added to or reduced their stakes in SBRA. Qube Research & Technologies Ltd purchased a new stake in shares of Sabra Health Care REIT in the 2nd quarter valued at $115,000. US Bancorp DE boosted its holdings in shares of Sabra Health Care REIT by 91.5% in the 2nd quarter. US Bancorp DE now owns 5,699 shares of the real estate investment trust’s stock valued at $124,000 after acquiring an additional 2,723 shares during the last quarter. Centaurus Financial Inc. purchased a new stake in shares of Sabra Health Care REIT in the 2nd quarter valued at $125,000. NEXT Financial Group Inc acquired a new position in shares of Sabra Health Care REIT in the 3rd quarter valued at $132,000. Finally, Winslow Evans & Crocker Inc. acquired a new position in shares of Sabra Health Care REIT in the 3rd quarter valued at $162,000. 89.16% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 9.62%. 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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Earnings History and Estimates for Sabra Health Care REIT (NASDAQ:SBRA)

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