Sabra Health Care REIT Inc (SBRA) Expected to Post Quarterly Sales of $158.82 Million

Equities research analysts expect that Sabra Health Care REIT Inc (NASDAQ:SBRA) will announce sales of $158.82 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Sabra Health Care REIT’s earnings, with the lowest sales estimate coming in at $154.36 million and the highest estimate coming in at $162.31 million. Sabra Health Care REIT posted sales of $61.79 million in the same quarter last year, which suggests a positive year-over-year growth rate of 157%. The firm is scheduled to report its next earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that Sabra Health Care REIT will report full-year sales of $158.82 million for the current financial year, with estimates ranging from $393.53 million to $401.49 million. For the next fiscal year, analysts expect that the firm will post sales of $621.73 million per share, with estimates ranging from $614.32 million to $627.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Sabra Health Care REIT.

Several equities analysts recently issued reports on the company. Zacks Investment Research lowered Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine lowered Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Jefferies Group reissued a “hold” rating on shares of Sabra Health Care REIT in a research note on Thursday, December 21st. Raymond James Financial reissued a “hold” rating on shares of Sabra Health Care REIT in a research note on Wednesday, December 13th. Finally, TheStreet lowered Sabra Health Care REIT from a “b-” rating to a “c” rating in a research note on Friday, November 3rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $24.40.

In other Sabra Health Care REIT news, Director Milton J. Walters sold 4,615 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $19.18, for a total value of $88,515.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.60% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. California Public Employees Retirement System raised its position in Sabra Health Care REIT by 8.1% in the 2nd quarter. California Public Employees Retirement System now owns 121,200 shares of the real estate investment trust’s stock valued at $2,921,000 after purchasing an additional 9,100 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Sabra Health Care REIT in the 2nd quarter valued at about $340,000. Voya Investment Management LLC raised its position in Sabra Health Care REIT by 354.5% in the 2nd quarter. Voya Investment Management LLC now owns 119,050 shares of the real estate investment trust’s stock valued at $2,869,000 after purchasing an additional 92,854 shares in the last quarter. Highbridge Capital Management LLC raised its position in Sabra Health Care REIT by 12.1% in the 3rd quarter. Highbridge Capital Management LLC now owns 369,634 shares of the real estate investment trust’s stock valued at $8,110,000 after purchasing an additional 39,954 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Sabra Health Care REIT by 115.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,326,601 shares of the real estate investment trust’s stock valued at $29,105,000 after acquiring an additional 709,983 shares during the last quarter. 85.08% of the stock is currently owned by institutional investors.

Sabra Health Care REIT (NASDAQ:SBRA) traded down $0.07 on Wednesday, reaching $18.32. The company had a trading volume of 186,765 shares, compared to its average volume of 1,540,250. Sabra Health Care REIT has a 1 year low of $18.36 and a 1 year high of $29.10. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.89. The firm has a market cap of $3,280.00, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 2.38 and a beta of 0.93.

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

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