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.

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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.

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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.

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