Brokerages Expect Sabra Health Care REIT Inc (SBRA) Will Announce Earnings of $0.58 Per Share
Wall Street analysts expect that Sabra Health Care REIT Inc (NASDAQ:SBRA) will report earnings of $0.58 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Sabra Health Care REIT’s earnings. The lowest EPS estimate is $0.58 and the highest is $0.59. Sabra Health Care REIT reported earnings of $0.56 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 3.6%. The business is scheduled to announce its next quarterly earnings report on Monday, May 1st.
On average, analysts expect that Sabra Health Care REIT will report full-year earnings of $2.34 per share for the current financial year, with EPS estimates ranging from $2.29 to $2.36. For the next financial year, analysts expect that the firm will post earnings of $2.43 per share, with EPS estimates ranging from $2.40 to $2.47. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow Sabra Health Care REIT.
Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings data on Wednesday, February 22nd. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.30. Sabra Health Care REIT had a return on equity of 7.05% and a net margin of 27.18%. The firm earned $61.80 million during the quarter, compared to analyst estimates of $58.23 million. During the same period last year, the company posted $0.64 EPS. The business’s quarterly revenue was down 7.5% on a year-over-year basis.
This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/04/20/brokerages-expect-sabra-health-care-reit-inc-sbra-will-announce-earnings-of-0-58-per-share.html
A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Cantor Fitzgerald raised their target price on shares of Sabra Health Care REIT from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday, February 28th. Stifel Nicolaus raised their target price on shares of Sabra Health Care REIT from $24.00 to $26.00 and gave the company a “hold” rating in a research note on Monday, February 27th. Mizuho reaffirmed a “neutral” rating and set a $28.00 target price (up previously from $22.00) on shares of Sabra Health Care REIT in a research note on Monday, February 27th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $25.00 target price on shares of Sabra Health Care REIT in a research note on Tuesday, January 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $26.63.
Large investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC purchased a new stake in shares of Sabra Health Care REIT during the third quarter valued at $103,000. Bank of Montreal Can increased its stake in shares of Sabra Health Care REIT by 44.1% in the first quarter. Bank of Montreal Can now owns 3,893 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,191 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Sabra Health Care REIT during the fourth quarter valued at $120,000. US Bancorp DE increased its stake in shares of Sabra Health Care REIT by 6.6% in the third quarter. US Bancorp DE now owns 5,508 shares of the real estate investment trust’s stock valued at $138,000 after buying an additional 342 shares during the period. Finally, CIBC Asset Management Inc purchased a new stake in shares of Sabra Health Care REIT during the third quarter valued at $200,000. 92.07% of the stock is owned by institutional investors.
Sabra Health Care REIT (NASDAQ:SBRA) opened at 28.57 on Thursday. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 31.05 and a beta of 1.10. The stock has a 50 day moving average price of $27.43 and a 200 day moving average price of $24.88. Sabra Health Care REIT has a 52-week low of $18.80 and a 52-week high of $28.89.
About Sabra Health Care REIT
Sabra Health Care REIT, Inc is a real estate investment trust. The Company, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company’s segment includes investments in healthcare-related real estate properties. The Company’s primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sabra Health Care REIT Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabra Health Care REIT Inc and related companies with MarketBeat.com's FREE daily email newsletter.