Sabra Health Care REIT, Inc. (NASDAQ:SBRA) is expected to post earnings of $0.37 per share
Analysts predict that Sabra Health Care REIT, Inc. (NASDAQ: SBRA – Get a rating) will report earnings per share (EPS) of $0.37 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made earnings estimates for Sabra Health Care REIT. The highest EPS estimate is $0.40 and the lowest is $0.36. Sabra Health Care REIT reported earnings of $0.39 per share in the same quarter last year, indicating a negative 5.1% year-over-year growth rate. The company is due to announce its next quarterly earnings report on Monday, January 1.
On average, analysts expect Sabra Health Care REIT to report annual earnings of $1.54 per share for the current fiscal year, with EPS estimates ranging from $1.50 to $1.62. For the next fiscal year, analysts expect the company to post earnings of $1.57 per share, with EPS estimates ranging from $1.51 to $1.66. Zacks’ EPS calculations are an average based on a survey of research analysts who cover Sabra Health Care REIT.
Sabra Healthcare REIT (NASDAQ: SBRA – Get a rating) last reported results on Wednesday, May 4. The real estate investment trust reported earnings per share of $0.18 for the quarter, beating analysts’ consensus estimate of $0.17 by $0.01. Sabra Health Care REIT posted a negative net margin of 18.28% and a negative return on equity of 3.15%. In the same quarter last year, the company earned earnings per share of $0.39.
A number of stock analysts have recently commented on SBRA shares. Bank of America downgraded Sabra Health Care REIT from an “underperforming” rating to a “neutral” rating and set a target price of $15.00 for the company in a Friday, March 11 report. Mizuho cut its price target on shares of Sabra Health Care REIT from $18.00 to $16.00 in a Thursday, January 20 report. Credit Suisse Group raised its price target on shares of Sabra Health Care REIT from $14.00 to $15.00 and gave the company a “neutral” rating in a Monday, April 4 report. StockNews.com began covering shares of Sabra Health Care REIT in a Thursday, March 31 report. They issued a “holding” rating on the stock. Finally, KeyCorp began covering shares of Sabra Health Care REIT in a report on Friday, February 18. They issued a “sector weight” rating on the stock. Six investment analysts gave the stock a hold rating and five gave the company a buy rating. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $16.60.
SBRA traded at $0.21 in Friday’s midday session, reaching $12.78. 2,492,108 shares of the company have been traded, compared to its average volume of 2,697,530. The stock has a market capitalization of $2.95 billion, a price-earnings ratio of -26.08 and a beta of 1.43. Sabra Health Care REIT has a 52-week low of $11.44 and a 52-week high of $19.01. The company has a fifty-day moving average of $13.39 and a two-hundred-day moving average of $13.55. The company has a debt ratio of 0.70, a current ratio of 3.60 and a quick ratio of 3.60.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 31. Shareholders of record on Monday, May 16 will receive a dividend of $0.30 per share. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 9.39%. The ex-dividend date is Friday, May 13. Sabra Health Care REIT’s dividend payout ratio (DPR) is currently -244.89%.
Several hedge funds have recently changed their positions in the company. Renaissance Technologies LLC increased its holdings of Sabra Health Care REIT shares by 537.9% during the 1st quarter. Renaissance Technologies LLC now owns 476,979 shares of the real estate investment trust worth $7,102,000 after purchasing an additional 402,200 shares last quarter. The Ontario Teachers’ Pension Board bought a new position in Sabra Health Care REIT in Q1 worth approximately $1,884,000. Charles Schwab Investment Management Inc. increased its stake in Sabra Health Care REIT by 5.6% in Q1. Charles Schwab Investment Management Inc. now owns 3,621,195 shares of the real estate investment trust worth $53,920,000 after purchasing an additional 193,550 shares last quarter. Worth Asset Management LLC bought a new position in Sabra Health Care REIT in Q1 worth approximately $44,000. Finally, Penserra Capital Management LLC increased its stake in Sabra Health Care REIT by 28.9% in the 1st quarter. Penserra Capital Management LLC now owns 20,868 shares of the real estate investment trust worth $310,000 after buying an additional 4,680 shares in the last quarter. Hedge funds and other institutional investors own 91.61% of the company’s shares.
Sabra Health Care REIT Company Profile (Get a rating)
As of September 30, 2020, Sabra’s investment portfolio comprised 425 properties held for investment (composed of (i) 287 skilled nursing/transitional care facilities, (ii) 64 residences for the elderly (Senior Housing – Leased), (iii) 47 Senior Residences operated by third-party property managers under property management contracts (Senior Housing – Managed) and (iv) 27 Specialized Hospitals and Other Establishments), an asset held for the sale, one investment in direct leasing, 19 investments in loans receivable (including (i) one mortgage loan, (ii) one construction loan and (iii) 17 other loans), six investments in preferred shares and one investment in an unconsolidated joint venture that owns 158 seniors’ residences – managed communities.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
Get news and reviews for Sabra Health Care REIT Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Sabra Health Care REIT and related companies with MarketBeat.com’s free daily email newsletter.