Sabra Health Care REIT Inc (SBRA) Expected to Post Quarterly Sales of $158.98 Million

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Wall Street analysts predict that Sabra Health Care REIT Inc (NASDAQ:SBRA) will report sales of $158.98 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Sabra Health Care REIT’s earnings, with estimates ranging from $154.03 million to $163.41 million. Sabra Health Care REIT reported sales of $166.47 million during the same quarter last year, which indicates a negative year-over-year growth rate of 4.5%. The company is scheduled to issue its next earnings report on Wednesday, February 20th.

According to Zacks, analysts expect that Sabra Health Care REIT will report full year sales of $649.57 million for the current fiscal year, with estimates ranging from $639.46 million to $659.07 million. For the next financial year, analysts expect that the company will post sales of $658.59 million, with estimates ranging from $645.70 million to $667.97 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Sabra Health Care REIT.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.42). Sabra Health Care REIT had a return on equity of 11.80% and a net margin of 61.85%. The firm had revenue of $151.80 million for the quarter, compared to analysts’ expectations of $162.64 million.

A number of brokerages have issued reports on SBRA. ValuEngine lowered shares of Sabra Health Care REIT from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 28th. Zacks Investment Research raised shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. BidaskClub lowered shares of Sabra Health Care REIT from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 18th. Finally, Jefferies Financial Group reissued a “$21.91” rating and set a $22.00 target price on shares of Sabra Health Care REIT in a research note on Wednesday, July 18th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $22.73.

Several large investors have recently modified their holdings of SBRA. LSV Asset Management lifted its stake in shares of Sabra Health Care REIT by 10.6% in the 3rd quarter. LSV Asset Management now owns 3,996,996 shares of the real estate investment trust’s stock valued at $92,410,000 after purchasing an additional 383,100 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Sabra Health Care REIT by 0.7% in the 2nd quarter. Northern Trust Corp now owns 3,630,989 shares of the real estate investment trust’s stock valued at $78,902,000 after purchasing an additional 24,535 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Sabra Health Care REIT by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,731,650 shares of the real estate investment trust’s stock valued at $59,360,000 after purchasing an additional 84,833 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Sabra Health Care REIT by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,663,709 shares of the real estate investment trust’s stock valued at $57,881,000 after purchasing an additional 12,607 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of Sabra Health Care REIT by 0.4% in the 3rd quarter. Prudential Financial Inc. now owns 2,148,108 shares of the real estate investment trust’s stock valued at $49,664,000 after purchasing an additional 8,914 shares during the last quarter. 90.72% of the stock is owned by institutional investors.

NASDAQ SBRA traded down $0.11 on Monday, hitting $21.28. 2,300,951 shares of the stock were exchanged, compared to its average volume of 1,912,372. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 2.78 and a beta of 0.56. Sabra Health Care REIT has a 52-week low of $15.77 and a 52-week high of $23.83. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.16 and a current ratio of 2.88.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.46%. The ex-dividend date of this dividend is Wednesday, November 14th. Sabra Health Care REIT’s dividend payout ratio (DPR) is currently 74.07%.

Sabra Health Care REIT Company Profile

As of June 30, 2018, Sabra's investment portfolio included 487 real estate properties held for investment (consisting of (i) 352 Skilled Nursing/Transitional Care facilities, (ii) 89 Senior Housing communities (?Senior Housing – Leased?), (iii) 24 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 asset held for sale, 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, (iv) one pre-development loan and (v) 17 other loans), 13 preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.

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