Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) – Stock analysts at Jefferies Group issued their Q2 2017 EPS estimates for Sabra Healthcare REIT in a note issued to investors on Friday. Jefferies Group analyst O. Okusanya forecasts that the real estate investment trust will post earnings per share of $0.55 for the quarter. Jefferies Group has a “Hold” rating and a $25.00 price target on the stock. Jefferies Group also issued estimates for Sabra Healthcare REIT’s Q3 2017 earnings at $0.63 EPS, Q4 2017 earnings at $0.63 EPS, FY2017 earnings at $2.43 EPS, FY2018 earnings at $2.56 EPS and FY2019 earnings at $2.60 EPS.

Other equities analysts have also issued reports about the stock. BidaskClub upgraded shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Canaccord Genuity reiterated a “hold” rating and set a $26.00 target price on shares of Sabra Healthcare REIT in a report on Tuesday, May 9th. Zacks Investment Research upgraded shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Wednesday, April 12th. Cantor Fitzgerald restated a “buy” rating and issued a $30.00 price objective on shares of Sabra Healthcare REIT in a report on Monday, May 8th. Finally, Mizuho restated a “neutral” rating on shares of Sabra Healthcare REIT in a report on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.29.

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Shares of Sabra Healthcare REIT (SBRA) opened at 23.16 on Monday. Sabra Healthcare REIT has a 52 week low of $19.30 and a 52 week high of $29.10.

Sabra Healthcare REIT (NASDAQ:SBRA) last issued its quarterly earnings data on Monday, May 8th. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.58 by $0.33. The company had revenue of $62.65 million during the quarter, compared to analysts’ expectations of $63.47 million. Sabra Healthcare REIT had a return on equity of 10.35% and a net margin of 40.22%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share.

A number of large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Sabra Healthcare REIT by 9,246.7% in the first quarter. BlackRock Inc. now owns 9,293,011 shares of the real estate investment trust’s stock worth $259,556,000 after buying an additional 9,193,585 shares during the period. LSV Asset Management increased its stake in Sabra Healthcare REIT by 45.5% in the first quarter. LSV Asset Management now owns 2,778,914 shares of the real estate investment trust’s stock worth $77,615,000 after buying an additional 868,441 shares during the period. Norges Bank bought a new stake in Sabra Healthcare REIT during the fourth quarter worth approximately $18,208,000. Vanguard Group Inc. increased its stake in Sabra Healthcare REIT by 6.3% in the first quarter. Vanguard Group Inc. now owns 12,432,068 shares of the real estate investment trust’s stock worth $347,228,000 after buying an additional 734,489 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Sabra Healthcare REIT by 174.6% in the first quarter. Alliancebernstein L.P. now owns 722,769 shares of the real estate investment trust’s stock worth $20,187,000 after buying an additional 459,547 shares during the period. 99.47% of the stock is owned by institutional investors and hedge funds.

About Sabra Healthcare 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.

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

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