Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) – Research analysts at Jefferies Group issued their Q1 2018 earnings estimates for Sabra Healthcare REIT in a report issued on Tuesday. Jefferies Group analyst O. Okusanya expects that the real estate investment trust will post earnings of $0.62 per share for the quarter. Jefferies Group has a “Buy” rating and a $25.00 price objective on the stock. Jefferies Group also issued estimates for Sabra Healthcare REIT’s Q2 2018 earnings at $0.62 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.63 EPS, Q1 2019 earnings at $0.64 EPS and Q2 2019 earnings at $0.64 EPS.
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Other equities research analysts have also issued research reports about the company. Mizuho lowered Sabra Healthcare REIT from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $25.00 to $23.00 in a research report on Monday, July 10th. BidaskClub raised Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Canaccord Genuity reaffirmed a “hold” rating and set a $26.00 price target on shares of Sabra Healthcare REIT in a research report on Tuesday, May 9th. Stifel Nicolaus reaffirmed a “hold” rating and set a $26.00 price target on shares of Sabra Healthcare REIT in a research report on Friday, July 28th. Finally, Zacks Investment Research raised Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $27.00.
Sabra Healthcare REIT (SBRA) traded down 0.52% during trading on Wednesday, hitting $21.07. 637,686 shares of the stock traded hands. Sabra Healthcare REIT has a 12 month low of $19.30 and a 12 month high of $29.10.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Sabra Healthcare REIT by 14.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,799 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 471 shares during the last quarter. Bank of Montreal Can raised its position in Sabra Healthcare REIT by 44.1% in the first quarter. Bank of Montreal Can now owns 3,893 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,191 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Sabra Healthcare REIT during the fourth quarter worth about $120,000. Ameritas Investment Partners Inc. bought a new position in Sabra Healthcare REIT during the first quarter worth about $156,000. Finally, Daiwa Securities Group Inc. raised its position in Sabra Healthcare REIT by 15.7% in the second quarter. Daiwa Securities Group Inc. now owns 5,900 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 800 shares during the last quarter. 99.26% of the stock is currently owned by institutional investors and hedge funds.
The business also recently announced a dividend, which will be paid on Friday, August 18th. Stockholders of record on Wednesday, August 16th will be issued a $0.3599 dividend. The ex-dividend date of this dividend is Monday, August 14th. Sabra Healthcare REIT’s payout ratio is currently 145.76%.
Sabra Healthcare REIT Company Profile
Sabra Health Care REIT, Inc is a real estate investment trust. The Company, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company’s segment includes investments in healthcare-related real estate properties. The Company’s primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.
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