Sabra Health Care REIT Inc (NASDAQ:SBRA) Expected to Announce Quarterly Sales of $152.41 Million

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Wall Street analysts forecast that Sabra Health Care REIT Inc (NASDAQ:SBRA) will announce $152.41 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Sabra Health Care REIT’s earnings, with the lowest sales estimate coming in at $150.65 million and the highest estimate coming in at $153.50 million. Sabra Health Care REIT posted sales of $149.83 million in the same quarter last year, which suggests a positive year over year growth rate of 1.7%. The company is scheduled to report its next quarterly earnings results on Wednesday, November 4th.

On average, analysts expect that Sabra Health Care REIT will report full-year sales of $606.71 million for the current financial year, with estimates ranging from $604.24 million to $609.10 million. For the next fiscal year, analysts forecast that the firm will post sales of $613.39 million, with estimates ranging from $609.60 million to $618.10 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Sabra Health Care REIT.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.26). Sabra Health Care REIT had a net margin of 21.00% and a return on equity of 3.78%.

SBRA has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on shares of 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. Stifel Nicolaus reissued a “hold” rating and issued a $15.00 price objective on shares of Sabra Health Care REIT in a research report on Tuesday, September 1st. Mizuho increased their price objective on shares of Sabra Health Care REIT from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. Zacks Investment Research raised shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Tuesday, August 25th. Finally, BidaskClub downgraded shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research report on Friday, September 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $16.11.

Several institutional investors have recently modified their holdings of the company. Arizona State Retirement System boosted its holdings in shares of Sabra Health Care REIT by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 46,332 shares of the real estate investment trust’s stock valued at $669,000 after buying an additional 858 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Sabra Health Care REIT by 1.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 64,412 shares of the real estate investment trust’s stock worth $929,000 after acquiring an additional 904 shares during the period. Capital Square LLC lifted its stake in shares of Sabra Health Care REIT by 3.2% in the 2nd quarter. Capital Square LLC now owns 31,150 shares of the real estate investment trust’s stock worth $449,000 after acquiring an additional 977 shares during the period. Whittier Trust Co. lifted its stake in shares of Sabra Health Care REIT by 57.6% in the 2nd quarter. Whittier Trust Co. now owns 2,736 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 1,000 shares during the period. Finally, Profund Advisors LLC lifted its stake in shares of Sabra Health Care REIT by 8.6% in the 2nd quarter. Profund Advisors LLC now owns 14,887 shares of the real estate investment trust’s stock worth $215,000 after acquiring an additional 1,181 shares during the period. Institutional investors and hedge funds own 89.73% of the company’s stock.

Sabra Health Care REIT stock traded down $0.28 during midday trading on Wednesday, reaching $14.44. 1,807,605 shares of the stock traded hands, compared to its average volume of 2,135,482. The company has a 50-day simple moving average of $14.84 and a two-hundred day simple moving average of $13.91. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.73. The firm has a market cap of $2.97 billion, a PE ratio of 22.91 and a beta of 1.29. Sabra Health Care REIT has a 12-month low of $5.55 and a 12-month high of $24.95.

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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