Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) – Research analysts at Jefferies Group decreased their Q2 2017 earnings estimates for shares of Sabra Healthcare REIT in a research report issued on Friday. Jefferies Group analyst O. Okusanya now anticipates that the real estate investment trust will post earnings of $0.54 per share for the quarter, down from their previous forecast of $0.55. Jefferies Group has a “Hold” rating and a $25.00 price objective on the stock.

Several other analysts have also weighed in on the company. Zacks Investment Research raised Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Wednesday, April 12th. Cantor Fitzgerald reissued a “buy” rating and issued a $30.00 price objective on shares of Sabra Healthcare REIT in a report on Monday, May 8th. Canaccord Genuity reissued a “hold” rating and issued a $26.00 price objective on shares of Sabra Healthcare REIT in a report on Tuesday, May 9th. Mizuho reaffirmed a “neutral” rating on shares of Sabra Healthcare REIT in a report on Wednesday, June 28th. Finally, BidaskClub raised Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $26.57.

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Shares of Sabra Healthcare REIT (SBRA) opened at 23.24 on Monday. Sabra Healthcare REIT has a 12 month low of $19.30 and a 12 month high of $29.10.

Sabra Healthcare REIT (NASDAQ:SBRA) last announced its earnings results on Monday, May 8th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by $0.33. The firm had revenue of $62.65 million during the quarter, compared to analyst estimates of $63.47 million. Sabra Healthcare REIT had a net margin of 40.22% and a return on equity of 10.35%. The firm’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 added to or reduced their stakes in the company. 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. 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. State Street Corp increased its stake in Sabra Healthcare REIT by 8.8% in the first quarter. State Street Corp now owns 1,710,595 shares of the real estate investment trust’s stock worth $47,775,000 after buying an additional 137,778 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Sabra Healthcare REIT by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 1,267,663 shares of the real estate investment trust’s stock worth $35,405,000 after buying an additional 23,747 shares during the period. Hedge funds and other institutional investors own 99.47% of the company’s stock.

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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