Jefferies Group Equities Analysts Increase Earnings Estimates for Sabra Health Care REIT (SBRA)

Sabra Health Care REIT (NASDAQ:SBRA) – Analysts at Jefferies Group raised their FY2020 earnings estimates for Sabra Health Care REIT in a note issued to investors on Wednesday, May 16th. Jefferies Group analyst O. Okusanya now forecasts that the real estate investment trust will earn $2.44 per share for the year, up from their prior forecast of $2.37.

Several other brokerages have also commented on SBRA. JMP Securities increased their price objective on shares of Sabra Health Care REIT from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Monday. ValuEngine upgraded shares of Sabra Health Care REIT from a “strong sell” rating to a “sell” rating in a report on Friday, May 11th. Cantor Fitzgerald reiterated a “buy” rating and issued a $25.00 price target on shares of Sabra Health Care REIT in a report on Wednesday, May 9th. BidaskClub upgraded shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Mizuho upgraded shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Wednesday, March 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $22.50.

Shares of Sabra Health Care REIT stock opened at $19.83 on Thursday. The company has a market capitalization of $3.55 billion, a P/E ratio of 8.24, a P/E/G ratio of 2.61 and a beta of 0.64. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.98. Sabra Health Care REIT has a 52 week low of $19.78 and a 52 week high of $20.16.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings results on Wednesday, May 9th. The real estate investment trust reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.04). The firm had revenue of $166.09 million for the quarter, compared to analysts’ expectations of $161.90 million. Sabra Health Care REIT had a net margin of 39.69% and a return on equity of 7.19%.

Hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC grew its stake in shares of Sabra Health Care REIT by 372.1% during the 4th quarter. LPL Financial LLC now owns 119,291 shares of the real estate investment trust’s stock worth $2,239,000 after purchasing an additional 94,021 shares during the period. Swiss National Bank grew its stake in Sabra Health Care REIT by 2.2% in the 4th quarter. Swiss National Bank now owns 299,541 shares of the real estate investment trust’s stock valued at $5,622,000 after acquiring an additional 6,500 shares during the period. Sei Investments Co. grew its stake in Sabra Health Care REIT by 40.7% in the 4th quarter. Sei Investments Co. now owns 222,836 shares of the real estate investment trust’s stock valued at $4,183,000 after acquiring an additional 64,493 shares during the period. Forsta AP Fonden grew its stake in Sabra Health Care REIT by 8.0% in the 4th quarter. Forsta AP Fonden now owns 60,533 shares of the real estate investment trust’s stock valued at $1,136,000 after acquiring an additional 4,500 shares during the period. Finally, New Mexico Educational Retirement Board grew its stake in Sabra Health Care REIT by 91.9% in the 4th quarter. New Mexico Educational Retirement Board now owns 43,500 shares of the real estate investment trust’s stock valued at $816,000 after acquiring an additional 20,837 shares during the period. 89.16% of the stock is currently owned by institutional investors and hedge funds.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Monday, May 21st will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, May 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.08%. Sabra Health Care REIT’s payout ratio is 74.07%.

Sabra Health Care REIT Company Profile

As of December 31, 2017, Sabra's investment portfolio included 507 real estate properties held for investment (consisting of (i) 384 Skilled Nursing/Transitional Care facilities, (ii) 88 Senior Housing – Leased communities, (iii) 13 Senior Housing – Managed communities and (iv) 22 Acute Care Hospitals), one investment in a direct financing lease, 22 investments in loans receivable (consisting of (i) two mortgage loans, (ii) two construction loans, (iii) two mezzanine loans, (iv) one pre-development loan and (v) 15 other loans), 12 preferred equity investments and one investment in a specialty valuation firm.

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

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