Q1 2018 EPS Estimates for Sabra Healthcare REIT, Inc. (SBRA) Reduced by Analyst

Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) – Equities research analysts at SunTrust Banks cut their Q1 2018 earnings per share estimates for shares of Sabra Healthcare REIT in a report released on Monday. SunTrust Banks analyst E. Fleming now anticipates that the real estate investment trust will earn $0.62 per share for the quarter, down from their prior forecast of $0.63. SunTrust Banks has a “Buy” rating and a $30.00 price target on the stock. SunTrust Banks also issued estimates for Sabra Healthcare REIT’s Q3 2018 earnings at $0.64 EPS, Q4 2018 earnings at $0.65 EPS, FY2018 earnings at $2.54 EPS and FY2019 earnings at $2.67 EPS.

Other equities research analysts have also recently issued reports about the company. BidaskClub upgraded Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Jefferies Group LLC upgraded shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, August 15th. Zacks Investment Research upgraded shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, August 29th. Cantor Fitzgerald reiterated a “buy” rating and set a $30.00 price target on shares of Sabra Healthcare REIT in a report on Friday, September 8th. Finally, ValuEngine upgraded Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $25.30.

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Shares of Sabra Healthcare REIT (NASDAQ:SBRA) traded down 0.212% during mid-day trading on Wednesday, reaching $21.185. The company had a trading volume of 315,366 shares. The firm’s 50-day moving average is $22.14 and its 200 day moving average is $23.99. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 17.832 and a beta of 0.88. Sabra Healthcare REIT has a 12 month low of $19.30 and a 12 month high of $29.10.

Hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Sabra Healthcare REIT by 9.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,151 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 352 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Sabra Healthcare REIT by 15.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,900 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 800 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Sabra Healthcare REIT during the 1st quarter worth approximately $156,000. Riverhead Capital Management LLC increased its stake in shares of Sabra Healthcare REIT by 96.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,861 shares of the real estate investment trust’s stock worth $165,000 after purchasing an additional 3,361 shares during the last quarter. Finally, Flinton Capital Management LLC increased its stake in shares of Sabra Healthcare REIT by 96.1% during the 2nd quarter. Flinton Capital Management LLC now owns 6,868 shares of the real estate investment trust’s stock worth $165,000 after purchasing an additional 3,366 shares during the last quarter. Institutional investors own 99.26% of the company’s stock.

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.

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

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