Zacks: Analysts Anticipate Sabra Health Care REIT Inc (SBRA) Will Post Earnings of $0.64 Per Share

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Wall Street analysts predict that Sabra Health Care REIT Inc (NASDAQ:SBRA) will report earnings per share of $0.64 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Sabra Health Care REIT’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.65. Sabra Health Care REIT posted earnings per share of $0.53 in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.8%. The firm is scheduled to report its next earnings report on Wednesday, August 1st.

According to Zacks, analysts expect that Sabra Health Care REIT will report full year earnings of $2.51 per share for the current financial year, with EPS estimates ranging from $2.50 to $2.53. For the next financial year, analysts expect that the company will post earnings of $2.56 per share, with EPS estimates ranging from $2.51 to $2.64. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Sabra Health Care REIT.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings data on Wednesday, May 9th. The real estate investment trust reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). Sabra Health Care REIT had a net margin of 39.69% and a return on equity of 7.19%. The business had revenue of $166.09 million for the quarter, compared to analysts’ expectations of $161.90 million.

A number of research analysts have weighed in on SBRA shares. TheStreet raised shares of Sabra Health Care REIT from a “c+” rating to a “b-” rating in a research note on Wednesday, June 6th. BidaskClub raised shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating in a research report on Friday, May 25th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $25.00 price target on shares of Sabra Health Care REIT in a research report on Wednesday, May 9th. Mizuho raised shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, March 14th. Finally, Zacks Investment Research raised shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, March 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.60.

A number of institutional investors have recently bought and sold shares of the stock. Nuveen Asset Management LLC lifted its position in Sabra Health Care REIT by 1,785.7% in the first quarter. Nuveen Asset Management LLC now owns 1,959,230 shares of the real estate investment trust’s stock valued at $34,580,000 after acquiring an additional 1,855,331 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Sabra Health Care REIT by 7.0% in the fourth quarter. BlackRock Inc. now owns 25,569,768 shares of the real estate investment trust’s stock worth $479,945,000 after buying an additional 1,673,758 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Sabra Health Care REIT by 127.0% in the first quarter. Prudential Financial Inc. now owns 2,072,415 shares of the real estate investment trust’s stock worth $36,579,000 after buying an additional 1,159,346 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Sabra Health Care REIT by 120.8% in the first quarter. American Century Companies Inc. now owns 1,405,256 shares of the real estate investment trust’s stock worth $24,803,000 after buying an additional 768,725 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in shares of Sabra Health Care REIT by 87.7% in the first quarter. Wedge Capital Management L L P NC now owns 1,468,253 shares of the real estate investment trust’s stock worth $25,915,000 after buying an additional 685,948 shares during the last quarter. Hedge funds and other institutional investors own 87.63% of the company’s stock.

Sabra Health Care REIT traded up $0.26, reaching $21.97, during trading on Thursday, according to Marketbeat.com. The company’s stock had a trading volume of 1,106,349 shares, compared to its average volume of 1,805,977. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.55 and a quick ratio of 1.55. Sabra Health Care REIT has a 1 year low of $15.77 and a 1 year high of $24.75. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 2.62 and a beta of 0.71.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 31st. Investors of record on Monday, May 21st were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 18th. This represents a $1.80 annualized dividend and a yield of 8.19%. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 74.07%.

About Sabra Health Care REIT

As of December 31, 2017, Sabra's investment portfolio included 507 real estate properties held for investment (consisting of (i) 384 Skilled Nursing/Transitional Care facilities, (ii) 88 Senior Housing – Leased communities, (iii) 13 Senior Housing – Managed communities and (iv) 22 Acute Care Hospitals), one investment in a direct financing lease, 22 investments in loans receivable (consisting of (i) two mortgage loans, (ii) two construction loans, (iii) two mezzanine loans, (iv) one pre-development loan and (v) 15 other loans), 12 preferred equity investments and one investment in a specialty valuation firm.

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

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