Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) – Research analysts at SunTrust Banks dropped their Q3 2018 earnings per share (EPS) estimates for Sabra Healthcare REIT in a research report issued on Thursday. SunTrust Banks analyst E. Fleming now forecasts that the real estate investment trust will earn $0.62 per share for the quarter, down from their previous forecast of $0.64. SunTrust Banks currently has a “Buy” rating and a $25.00 target price on the stock. SunTrust Banks also issued estimates for Sabra Healthcare REIT’s Q4 2018 earnings at $0.62 EPS.
Several other research analysts have also recently issued reports on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $22.00 price objective on shares of Sabra Healthcare REIT in a report on Friday. Zacks Investment Research cut shares of Sabra Healthcare REIT from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Mizuho reiterated a “hold” rating and issued a $23.00 price objective on shares of Sabra Healthcare REIT in a report on Wednesday, October 4th. ValuEngine upgraded shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $30.00 price objective on shares of Sabra Healthcare REIT in a report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Sabra Healthcare REIT currently has an average rating of “Hold” and a consensus price target of $24.40.
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Shares of Sabra Healthcare REIT (SBRA) traded up $0.05 during trading on Monday, reaching $19.38. The company had a trading volume of 597,971 shares, compared to its average volume of 1,436,658. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.89. The company has a market cap of $3,445.23, a PE ratio of 8.48, a P/E/G ratio of 2.52 and a beta of 0.94. Sabra Healthcare REIT has a fifty-two week low of $19.16 and a fifty-two week high of $29.10.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Tuesday, November 14th. Sabra Healthcare REIT’s payout ratio is 153.19%.
A number of large investors have recently modified their holdings of the stock. Anchor Capital Advisors LLC bought a new stake in Sabra Healthcare REIT during the third quarter worth approximately $40,616,000. Retirement Systems of Alabama bought a new stake in Sabra Healthcare REIT during the third quarter worth approximately $4,977,000. Sei Investments Co. boosted its stake in Sabra Healthcare REIT by 512.6% in the 3rd quarter. Sei Investments Co. now owns 158,343 shares of the real estate investment trust’s stock worth $3,474,000 after purchasing an additional 132,494 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Sabra Healthcare REIT by 208.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 135,030 shares of the real estate investment trust’s stock worth $2,963,000 after purchasing an additional 91,221 shares during the period. Finally, Global X MANAGEMENT CO LLC boosted its stake in Sabra Healthcare REIT by 127.6% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 800,918 shares of the real estate investment trust’s stock worth $17,572,000 after purchasing an additional 449,030 shares during the period. Hedge funds and other institutional investors own 99.26% of the company’s stock.
About Sabra Healthcare REIT
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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