Analysts Expect Sabra Health Care REIT Inc (NASDAQ:SBRA) to Announce $0.47 EPS

Wall Street analysts expect Sabra Health Care REIT Inc (NASDAQ:SBRA) to announce earnings per share (EPS) of $0.47 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Sabra Health Care REIT’s earnings, with estimates ranging from $0.45 to $0.49. Sabra Health Care REIT posted earnings of $0.57 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 17.5%. The business is scheduled to announce its next quarterly earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that Sabra Health Care REIT will report full year earnings of $1.89 per share for the current year, with EPS estimates ranging from $1.84 to $1.93. For the next fiscal year, analysts expect that the company will post earnings of $1.93 per share, with EPS estimates ranging from $1.87 to $1.97. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Sabra Health Care REIT.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported ($0.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.94). Sabra Health Care REIT had a return on equity of 4.25% and a net margin of 23.38%. The firm had revenue of $136.77 million for the quarter, compared to the consensus estimate of $144.87 million.

SBRA has been the topic of several analyst reports. Zacks Investment Research lowered shares of Gold Resource from a “hold” rating to a “sell” rating in a research report on Friday, June 21st. TheStreet lowered shares of Sabra Health Care REIT from a “b-” rating to a “c+” rating in a research report on Monday, July 1st. Finally, BidaskClub lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Sabra Health Care REIT has a consensus rating of “Hold” and a consensus target price of $20.50.

NASDAQ SBRA traded down $0.73 on Friday, hitting $19.98. 1,068,972 shares of the stock were exchanged, compared to its average volume of 1,168,828. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.50 and a quick ratio of 1.50. The business has a fifty day simple moving average of $19.80. Sabra Health Care REIT has a 52 week low of $15.70 and a 52 week high of $23.83. The stock has a market capitalization of $3.59 billion, a P/E ratio of 8.72, a PEG ratio of 11.14 and a beta of 0.89.

Institutional investors and hedge funds have recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Sabra Health Care REIT in the 4th quarter valued at $376,000. Commonwealth Equity Services LLC increased its holdings in shares of Sabra Health Care REIT by 6.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 22,006 shares of the real estate investment trust’s stock worth $362,000 after buying an additional 1,294 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Sabra Health Care REIT by 0.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 94,721 shares of the real estate investment trust’s stock worth $1,561,000 after buying an additional 669 shares during the last quarter. NumerixS Investment Technologies Inc increased its holdings in shares of Sabra Health Care REIT by 275.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 6,000 shares of the real estate investment trust’s stock worth $98,000 after buying an additional 4,400 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Sabra Health Care REIT by 11.6% during the 4th quarter. Great West Life Assurance Co. Can now owns 140,838 shares of the real estate investment trust’s stock worth $2,186,000 after buying an additional 14,600 shares during the last quarter. 89.38% of the stock is currently owned by institutional investors.

Sabra Health Care REIT Company Profile

As of December 31, 2018, Sabra's investment portfolio included 470 real estate properties held for investment (consisting of (i) 335 Skilled Nursing/Transitional Care facilities, (ii) 90 Senior Housing communities (“Senior Housing – Leased”), (iii) 23 Senior Housing communities operated by third-party property managers pursuant to property management agreements (“Senior Housing – Managed”) and (iv) 22 Specialty Hospitals and Other facilities), one investment in a direct financing lease, 22 investments in loans receivable (consisting of (i) one mortgage loan, (ii) two construction loans, (iii) one mezzanine loan and (iv) 18 other loans), nine preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.

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

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