$62.65 Million in Sales Expected for Sabra Healthcare REIT, Inc. (SBRA) This Quarter
Analysts predict that Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) will post $62.65 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Sabra Healthcare REIT’s earnings, with estimates ranging from $58.03 million to $67.26 million. Sabra Healthcare REIT posted sales of $61.93 million in the same quarter last year, which suggests a positive year over year growth rate of 1.2%. The firm is expected to report its next quarterly earnings report on Wednesday, November 1st.
On average, analysts expect that Sabra Healthcare REIT will report full year sales of $62.65 million for the current financial year, with estimates ranging from $232.97 million to $263.69 million. For the next financial year, analysts anticipate that the business will report sales of $266.69 million per share, with estimates ranging from $236.46 million to $301.62 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Sabra Healthcare REIT.
SBRA has been the topic of several research reports. Zacks Investment Research lowered shares of Sabra Healthcare REIT from a “hold” rating to a “sell” rating in a report on Thursday, June 8th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $30.00 price target on shares of Sabra Healthcare REIT in a report on Monday, May 8th. BidaskClub lowered shares of Sabra Healthcare REIT from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Jefferies Group LLC reaffirmed a “hold” rating and set a $28.00 price target on shares of Sabra Healthcare REIT in a report on Friday, May 12th. Finally, Mizuho reaffirmed a “neutral” rating on shares of Sabra Healthcare REIT in a report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $26.57.
Shares of Sabra Healthcare REIT (SBRA) opened at 21.51 on Wednesday. Sabra Healthcare REIT has a 52 week low of $19.30 and a 52 week high of $29.10.
The firm also recently announced a dividend, which will be paid on Friday, August 18th. Shareholders of record on Wednesday, August 16th will be issued a dividend of $0.3599 per share. The ex-dividend date of this dividend is Monday, August 14th. Sabra Healthcare REIT’s payout ratio is 145.76%.
A number of large investors have recently bought and sold shares of SBRA. Koch Industries Inc. acquired a new stake in Sabra Healthcare REIT during the second quarter worth $739,000. Piedmont Investment Advisors LLC acquired a new stake in Sabra Healthcare REIT during the second quarter worth $340,000. Raymond James Financial Services Advisors Inc. raised its stake in Sabra Healthcare REIT by 5.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 40,497 shares of the real estate investment trust’s stock worth $976,000 after buying an additional 2,264 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Sabra Healthcare REIT during the second quarter worth $2,186,000. Finally, State Street Corp raised its stake in Sabra Healthcare REIT by 3.8% in the second quarter. State Street Corp now owns 1,775,988 shares of the real estate investment trust’s stock worth $42,795,000 after buying an additional 65,393 shares during the last quarter. 99.26% of the stock is currently owned by hedge funds and other institutional investors.
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Sabra Healthcare REIT Company Profile
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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