Sabra Health Care REIT Inc (NASDAQ:SBRA) – Research analysts at SunTrust Banks dropped their Q1 2020 earnings estimates for shares of Sabra Health Care REIT in a research report issued on Thursday, March 12th. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will post earnings of $0.44 per share for the quarter, down from their prior estimate of $0.45. SunTrust Banks also issued estimates for Sabra Health Care REIT’s Q3 2020 earnings at $0.44 EPS, Q4 2020 earnings at $0.44 EPS, FY2020 earnings at $1.77 EPS, FY2021 earnings at $1.79 EPS and FY2024 earnings at $1.81 EPS.
Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.25). Sabra Health Care REIT had a net margin of 10.43% and a return on equity of 2.11%. The company had revenue of $155.76 million during the quarter, compared to analysts’ expectations of $150.47 million.
SBRA has been the topic of several other reports. Zacks Investment Research raised Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research report on Saturday, February 22nd. Citigroup raised Sabra Health Care REIT from a “sell” rating to a “neutral” rating and set a $20.00 price objective on the stock in a research report on Wednesday, December 18th. Barclays cut their price objective on Sabra Health Care REIT from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. ValuEngine raised Sabra Health Care REIT from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 11th. Finally, BidaskClub lowered Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $22.83.
NASDAQ:SBRA opened at $10.47 on Monday. The business’s 50-day moving average is $20.46 and its two-hundred day moving average is $21.77. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.44 and a quick ratio of 1.44. Sabra Health Care REIT has a 12 month low of $9.02 and a 12 month high of $24.95. The firm has a market capitalization of $1.98 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of -2.60 and a beta of 0.83.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.80 annualized dividend and a dividend yield of 17.19%. Sabra Health Care REIT’s dividend payout ratio is presently 96.77%.
Several institutional investors have recently made changes to their positions in SBRA. First Trust Advisors LP grew its stake in shares of Sabra Health Care REIT by 37.3% during the first quarter. First Trust Advisors LP now owns 113,444 shares of the real estate investment trust’s stock valued at $2,209,000 after acquiring an additional 30,805 shares in the last quarter. State Street Corp grew its stake in Sabra Health Care REIT by 3.9% in the third quarter. State Street Corp now owns 8,471,993 shares of the real estate investment trust’s stock worth $194,517,000 after purchasing an additional 320,001 shares in the last quarter. Pictet Asset Management Ltd. grew its stake in Sabra Health Care REIT by 7.7% in the third quarter. Pictet Asset Management Ltd. now owns 36,200 shares of the real estate investment trust’s stock worth $831,000 after purchasing an additional 2,600 shares in the last quarter. California State Teachers Retirement System grew its stake in Sabra Health Care REIT by 6.9% in the third quarter. California State Teachers Retirement System now owns 294,486 shares of the real estate investment trust’s stock worth $6,761,000 after purchasing an additional 18,893 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in Sabra Health Care REIT by 4.0% in the third quarter. Parametric Portfolio Associates LLC now owns 396,750 shares of the real estate investment trust’s stock worth $9,109,000 after purchasing an additional 15,427 shares in the last quarter. Institutional investors own 88.55% of the company’s stock.
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.