Zacks: Analysts Expect Sabra Health Care REIT Inc (NASDAQ:SBRA) to Post $0.45 Earnings Per Share

Analysts predict that Sabra Health Care REIT Inc (NASDAQ:SBRA) will announce $0.45 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Sabra Health Care REIT’s earnings. The highest EPS estimate is $0.47 and the lowest is $0.43. Sabra Health Care REIT reported earnings per share of $0.50 during the same quarter last year, which indicates a negative year-over-year growth rate of 10%. The company is scheduled to report its next earnings report on Monday, February 24th.

According to Zacks, analysts expect that Sabra Health Care REIT will report full-year earnings of $1.86 per share for the current financial year, with EPS estimates ranging from $1.84 to $1.88. For the next fiscal year, analysts forecast that the firm will report earnings of $1.87 per share, with EPS estimates ranging from $1.80 to $1.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Sabra Health Care REIT.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.34). Sabra Health Care REIT had a return on equity of 0.31% and a net margin of 1.53%. The company had revenue of $149.83 million for the quarter, compared to analyst estimates of $153.39 million.

SBRA has been the subject of several recent analyst reports. TheStreet lowered Sabra Health Care REIT from a “b” rating to a “c+” rating in a research note on Friday, November 1st. Bank of America initiated coverage on Sabra Health Care REIT in a research note on Monday, October 14th. They set a “neutral” rating for the company. Citigroup lowered Sabra Health Care REIT from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $18.00 to $20.00 in a research note on Monday, September 23rd. BidaskClub lowered Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Barclays initiated coverage on Sabra Health Care REIT in a research note on Tuesday, September 3rd. They set an “overweight” rating and a $24.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.60.

In other news, CEO Richard K. Matros sold 113,000 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $24.05, for a total value of $2,717,650.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

Several large investors have recently made changes to their positions in SBRA. Tocqueville Asset Management L.P. boosted its stake in Sabra Health Care REIT by 9.1% during the second quarter. Tocqueville Asset Management L.P. now owns 17,206 shares of the real estate investment trust’s stock valued at $339,000 after buying an additional 1,438 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Sabra Health Care REIT by 82.9% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 208,626 shares of the real estate investment trust’s stock worth $4,108,000 after purchasing an additional 94,551 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Sabra Health Care REIT by 88.2% during the second quarter. JPMorgan Chase & Co. now owns 1,854,854 shares of the real estate investment trust’s stock worth $36,077,000 after purchasing an additional 869,179 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in Sabra Health Care REIT during the 3rd quarter valued at about $343,000. Finally, Creative Planning increased its holdings in Sabra Health Care REIT by 1.2% during the 2nd quarter. Creative Planning now owns 42,524 shares of the real estate investment trust’s stock valued at $837,000 after purchasing an additional 500 shares during the period. Institutional investors own 90.05% of the company’s stock.

Sabra Health Care REIT stock traded down $0.35 during mid-day trading on Wednesday, hitting $21.93. 37,671 shares of the company were exchanged, compared to its average volume of 2,153,748. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.79. The business has a fifty day moving average of $22.94 and a 200 day moving average of $21.34. Sabra Health Care REIT has a 1-year low of $15.70 and a 1-year high of $24.95. The company has a market capitalization of $4.32 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of -5.69 and a beta of 0.76.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.45 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.21%. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 78.60%.

About Sabra Health Care REIT

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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