$0.51 Earnings Per Share Expected for Sabra Health Care REIT Inc (SBRA) This Quarter

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Brokerages predict that Sabra Health Care REIT Inc (NASDAQ:SBRA) will report earnings per share of $0.51 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Sabra Health Care REIT’s earnings. The highest EPS estimate is $0.53 and the lowest is $0.47. Sabra Health Care REIT reported earnings per share of $0.63 in the same quarter last year, which would suggest a negative year-over-year growth rate of 19%. The firm is expected to announce its next quarterly earnings results on Wednesday, May 8th.

According to Zacks, 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 forecast that the business will report 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 research analysts that that provide coverage for Sabra Health Care REIT.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Thursday, February 21st. BidaskClub upgraded Sabra Health Care REIT from a “strong sell” rating to a “sell” rating in a report on Friday, March 22nd. ValuEngine downgraded Sabra Health Care REIT from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Finally, BMO Capital Markets downgraded Sabra Health Care REIT from a “market perform” rating to an “underperform” rating in a report on Tuesday, February 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $21.33.

Sabra Health Care REIT stock traded up $0.36 during trading hours on Friday, reaching $19.14. 1,058,444 shares of the company’s stock were exchanged, compared to its average volume of 1,868,701. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.99. Sabra Health Care REIT has a twelve month low of $15.70 and a twelve month high of $23.83. The company has a market cap of $3.41 billion, a P/E ratio of 8.36, a PEG ratio of 10.69 and a beta of 1.01.

Several institutional investors and hedge funds have recently modified their holdings of SBRA. Martingale Asset Management L P acquired a new stake in shares of Sabra Health Care REIT in the 3rd quarter valued at about $981,000. Dimensional Fund Advisors LP grew its stake in shares of Sabra Health Care REIT by 1.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,783,364 shares of the real estate investment trust’s stock valued at $64,348,000 after buying an additional 51,714 shares during the period. Standard Life Aberdeen plc grew its stake in shares of Sabra Health Care REIT by 1,796.3% in the 3rd quarter. Standard Life Aberdeen plc now owns 442,670 shares of the real estate investment trust’s stock valued at $10,232,000 after buying an additional 419,326 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Sabra Health Care REIT by 224.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 16,400 shares of the real estate investment trust’s stock valued at $379,000 after buying an additional 11,352 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Sabra Health Care REIT by 221.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,779,693 shares of the real estate investment trust’s stock valued at $41,147,000 after buying an additional 1,226,574 shares during the period. Institutional investors own 86.95% of the company’s stock.

Sabra Health Care REIT Company Profile

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

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