Zacks: Brokerages Anticipate Sabra Health Care REIT Inc (NASDAQ:SBRA) Will Announce Quarterly Sales of $151.17 Million

Equities analysts forecast that Sabra Health Care REIT Inc (NASDAQ:SBRA) will announce $151.17 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Sabra Health Care REIT’s earnings, with the lowest sales estimate coming in at $148.89 million and the highest estimate coming in at $153.90 million. Sabra Health Care REIT posted sales of $139.21 million during the same quarter last year, which would indicate a positive year over year growth rate of 8.6%. The business is expected to report its next earnings report on Monday, February 24th.

On average, analysts expect that Sabra Health Care REIT will report full year sales of $657.98 million for the current financial year, with estimates ranging from $654.86 million to $663.10 million. For the next year, analysts forecast that the business will post sales of $615.22 million, with estimates ranging from $604.98 million to $630.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Sabra Health Care REIT.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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.

Several analysts have weighed in on the stock. TheStreet cut shares of Sabra Health Care REIT from a “b” rating to a “c+” rating in a research note on Friday, November 1st. ValuEngine cut shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research note on Monday, November 25th. BidaskClub cut shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Citigroup cut shares of Sabra Health Care REIT from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from $18.00 to $20.00 in a research note on Monday, September 23rd. Finally, Barclays assumed coverage on shares of Sabra Health Care REIT in a research note on Tuesday, September 3rd. They issued an “overweight” rating and a $24.00 price objective for the company. Three 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 company. The stock currently has a consensus rating of “Hold” and an average target price of $21.60.

Sabra Health Care REIT stock traded up $0.19 during midday trading on Friday, hitting $22.15. The company’s stock had a trading volume of 1,216,667 shares, compared to its average volume of 1,607,316. Sabra Health Care REIT has a 1-year low of $15.70 and a 1-year high of $24.95. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.35 and a quick ratio of 1.35. The company has a 50-day moving average price of $22.88 and a two-hundred day moving average price of $21.39. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 9.67, a PEG ratio of -5.69 and a beta of 0.76.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 8.13%. The ex-dividend date of this dividend was Thursday, November 14th. Sabra Health Care REIT’s dividend payout ratio (DPR) is 78.60%.

In other Sabra Health Care REIT news, CEO Richard K. Matros sold 113,000 shares of Sabra Health Care REIT stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $24.05, for a total value of $2,717,650.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in SBRA. Prime Capital Investment Advisors LLC bought a new position in Sabra Health Care REIT in the 2nd quarter valued at about $28,000. Private Ocean LLC bought a new position in Sabra Health Care REIT in the 3rd quarter valued at about $36,000. Enterprise Financial Services Corp increased its holdings in Sabra Health Care REIT by 81.9% in the 2nd quarter. Enterprise Financial Services Corp now owns 2,166 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 975 shares during the period. Stonebridge Capital Advisors LLC bought a new position in Sabra Health Care REIT in the 2nd quarter valued at about $54,000. Finally, CSat Investment Advisory L.P. bought a new position in Sabra Health Care REIT in the 2nd quarter valued at about $116,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

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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