Sabra Healthcare REIT, Inc. (SBRA) Issues FY18 Earnings Guidance
Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $2.41-2.47 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.51. Sabra Healthcare REIT also updated its FY17 guidance to $2.29-2.33 EPS.
A number of research analysts recently commented on the company. Mizuho cut Sabra Healthcare REIT from a neutral rating to an underperform rating and decreased their price objective for the company from $25.00 to $23.00 in a report on Monday, July 10th. BidaskClub upgraded Sabra Healthcare REIT from a sell rating to a hold rating in a report on Tuesday, June 20th. Zacks Investment Research cut Sabra Healthcare REIT from a buy rating to a hold rating in a report on Wednesday, August 30th. Stifel Nicolaus reiterated a hold rating and issued a $26.00 price objective on shares of Sabra Healthcare REIT in a report on Friday, July 28th. Finally, Jefferies Group LLC upgraded Sabra Healthcare REIT from a hold rating to a buy rating and set a $25.00 price objective on the stock in a report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $25.29.
Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) traded down 1.15% on Thursday, reaching $22.34. The company’s stock had a trading volume of 1,482,744 shares. The firm has a 50 day moving average price of $22.43 and a 200 day moving average price of $24.81. Sabra Healthcare REIT, Inc. has a 52 week low of $19.30 and a 52 week high of $29.10. The stock has a market capitalization of $1.46 billion, a P/E ratio of 18.80 and a beta of 0.89.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Wednesday, August 16th were issued a dividend of $0.3599 per share. The ex-dividend date was Monday, August 14th. This represents a $1.44 annualized dividend and a dividend yield of 6.44%. Sabra Healthcare REIT’s payout ratio is 122.03%.
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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.
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