Sabra Health Care REIT Inc (SBRA) Expected to Post Earnings of $0.67 Per Share

Equities research analysts predict that Sabra Health Care REIT Inc (NASDAQ:SBRA) will report $0.67 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Sabra Health Care REIT’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.77. Sabra Health Care REIT posted earnings per share of $0.62 during the same quarter last year, which indicates a positive year over year growth rate of 8.1%. The business is expected to issue its next earnings results on Wednesday, February 28th.

On average, analysts expect that Sabra Health Care REIT will report full year earnings of $2.47 per share for the current financial year, with EPS estimates ranging from $2.38 to $2.50. For the next financial year, analysts anticipate that the company will post earnings of $2.49 per share, with EPS estimates ranging from $2.27 to $2.57. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Sabra Health Care REIT.

Several research firms have recently commented on SBRA. Zacks Investment Research downgraded Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. ValuEngine downgraded Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. TheStreet downgraded Sabra Health Care REIT from a “b-” rating to a “c” rating in a research report on Friday, November 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $22.00 target price on shares of Sabra Health Care REIT in a research report on Friday, November 3rd. Finally, SunTrust Banks set a $22.00 target price on Sabra Health Care REIT and gave the company a “buy” rating in a research report on Monday, January 22nd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.10.

In related news, Director Milton J. Walters sold 4,615 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $19.18, for a total transaction of $88,515.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.60% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. American International Group Inc. grew its position in Sabra Health Care REIT by 3.9% during the fourth quarter. American International Group Inc. now owns 484,608 shares of the real estate investment trust’s stock worth $9,096,000 after buying an additional 18,172 shares in the last quarter. Systematic Financial Management LP grew its position in Sabra Health Care REIT by 35.9% during the fourth quarter. Systematic Financial Management LP now owns 633,810 shares of the real estate investment trust’s stock worth $11,897,000 after buying an additional 167,510 shares in the last quarter. Virtu Financial LLC grew its position in Sabra Health Care REIT by 36.6% during the fourth quarter. Virtu Financial LLC now owns 16,871 shares of the real estate investment trust’s stock worth $317,000 after buying an additional 4,517 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in Sabra Health Care REIT by 17.5% during the fourth quarter. UBS Asset Management Americas Inc. now owns 410,387 shares of the real estate investment trust’s stock worth $7,703,000 after buying an additional 61,031 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in Sabra Health Care REIT by 7.0% during the fourth quarter. BlackRock Inc. now owns 25,569,768 shares of the real estate investment trust’s stock worth $479,945,000 after purchasing an additional 1,673,758 shares during the last quarter. 85.68% of the stock is currently owned by institutional investors and hedge funds.

Sabra Health Care REIT (NASDAQ:SBRA) traded up $0.23 during trading on Friday, hitting $16.66. The stock had a trading volume of 2,797,495 shares, compared to its average volume of 1,642,404. Sabra Health Care REIT has a 52 week low of $16.02 and a 52 week high of $29.10. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $2,969.34, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 2.27 and a beta of 0.74.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 10.80%. The ex-dividend date of this dividend is Wednesday, February 14th. Sabra Health Care REIT’s dividend payout ratio is currently 221.28%.

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

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