$147.18 Million in Sales Expected for Sabra Health Care REIT Inc (NASDAQ:SBRA) This Quarter

Analysts expect Sabra Health Care REIT Inc (NASDAQ:SBRA) to post sales of $147.18 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Sabra Health Care REIT’s earnings, with the lowest sales estimate coming in at $137.20 million and the highest estimate coming in at $151.60 million. Sabra Health Care REIT reported sales of $219.37 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 32.9%. The business is scheduled to announce its next earnings report on Wednesday, August 5th.

According to Zacks, analysts expect that Sabra Health Care REIT will report full year sales of $592.82 million for the current year, with estimates ranging from $576.70 million to $600.42 million. For the next financial year, analysts anticipate that the company will post sales of $593.40 million, with estimates ranging from $576.70 million to $613.17 million. Zacks’ sales averages are an average based on a survey of research analysts that cover Sabra Health Care REIT.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.27). The firm had revenue of $149.35 million for the quarter, compared to the consensus estimate of $154.28 million. Sabra Health Care REIT had a return on equity of 5.42% and a net margin of 26.98%.

A number of research firms recently commented on SBRA. Wells Fargo & Co lifted their price objective on Sabra Health Care REIT from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, June 22nd. ValuEngine raised Sabra Health Care REIT from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 11th. JMP Securities began coverage on Sabra Health Care REIT in a research note on Monday, June 8th. They issued a “market perform” rating on the stock. BidaskClub raised Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Berenberg Bank raised Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Monday, May 18th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $18.22.

A number of large investors have recently made changes to their positions in the business. State Street Corp grew its stake in Sabra Health Care REIT by 18.6% in the 1st quarter. State Street Corp now owns 9,404,497 shares of the real estate investment trust’s stock valued at $102,697,000 after purchasing an additional 1,477,687 shares during the period. New Mexico Educational Retirement Board grew its stake in Sabra Health Care REIT by 58.8% in the 1st quarter. New Mexico Educational Retirement Board now owns 48,900 shares of the real estate investment trust’s stock valued at $534,000 after purchasing an additional 18,100 shares during the period. Guggenheim Capital LLC grew its stake in Sabra Health Care REIT by 433.0% in the 1st quarter. Guggenheim Capital LLC now owns 319,180 shares of the real estate investment trust’s stock valued at $3,485,000 after purchasing an additional 259,301 shares during the period. State of Tennessee Treasury Department lifted its position in shares of Sabra Health Care REIT by 38.6% during the 1st quarter. State of Tennessee Treasury Department now owns 216,278 shares of the real estate investment trust’s stock valued at $2,362,000 after buying an additional 60,225 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Sabra Health Care REIT by 6.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 405,614 shares of the real estate investment trust’s stock valued at $4,429,000 after buying an additional 26,068 shares during the last quarter. Hedge funds and other institutional investors own 86.56% of the company’s stock.

Shares of Sabra Health Care REIT stock traded up $0.40 during midday trading on Monday, reaching $14.36. The company had a trading volume of 1,659,128 shares, compared to its average volume of 2,659,037. The stock has a fifty day moving average price of $13.84 and a 200 day moving average price of $16.61. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market cap of $2.85 billion, a PE ratio of 14.59 and a beta of 1.35. Sabra Health Care REIT has a fifty-two week low of $5.55 and a fifty-two week high of $24.95.

Sabra Health Care REIT Company Profile

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

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