Sabra Health Care REIT, Inc. (NASDAQ:SBRA) – Analysts at Jefferies Financial Group boosted their Q4 2021 earnings per share estimates for shares of Sabra Health Care REIT in a research note issued to investors on Tuesday, November 23rd. Jefferies Financial Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings per share of $0.38 for the quarter, up from their prior estimate of $0.37.
SBRA has been the topic of a number of other research reports. Truist Securities raised shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Thursday, September 30th. JMP Securities decreased their price target on shares of Sabra Health Care REIT from $24.00 to $20.00 and set a “market outperform” rating for the company in a research note on Monday, September 13th. Robert W. Baird began coverage on shares of Sabra Health Care REIT in a research note on Thursday, October 7th. They issued an “outperform” rating and a $18.00 price objective for the company. Truist Financial raised shares of Sabra Health Care REIT to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, September 30th. Finally, Zacks Investment Research raised shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a report on Wednesday, October 27th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $18.92.
Shares of NASDAQ:SBRA opened at $13.97 on Thursday. The firm has a market capitalization of $3.19 billion, a P/E ratio of -63.50 and a beta of 1.43. Sabra Health Care REIT has a 52-week low of $13.90 and a 52-week high of $19.01. The business’s fifty day moving average is $15.05. The company has a quick ratio of 5.18, a current ratio of 5.18 and a debt-to-equity ratio of 0.81. Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings results on Wednesday, November 3rd. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.32). Sabra Health Care REIT had a negative net margin of 8.84% and a negative return on equity of 1.52%. During the same period in the prior year, the firm earned $0.46 earnings per share.
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Institutional investors and hedge funds have recently made changes to their positions in the business. Total Clarity Wealth Management Inc. purchased a new stake in Sabra Health Care REIT in the third quarter worth about $26,000. Eaton Vance Management bought a new position in shares of Sabra Health Care REIT in the first quarter worth approximately $32,000. Advisory Services Network LLC bought a new position in shares of Sabra Health Care REIT in the second quarter worth approximately $46,000. Lazard Asset Management LLC lifted its stake in shares of Sabra Health Care REIT by 114.5% in the second quarter. Lazard Asset Management LLC now owns 4,007 shares of the real estate investment trust’s stock worth $72,000 after buying an additional 2,139 shares in the last quarter. Finally, PSI Advisors LLC bought a new position in shares of Sabra Health Care REIT in the third quarter worth approximately $63,000. Institutional investors and hedge funds own 88.17% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 30th. Shareholders of record on Tuesday, November 16th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.59%. The ex-dividend date of this dividend is Monday, November 15th. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently -545.45%.
Sabra Health Care REIT Company Profile
Sabra Health Care REIT, Inc engages in managing and investing in healthcare-related real estate properties. It focuses on the acquisition, financing and owning real estate property to be leased to third party tenants in the healthcare sector. The company was founded on May 10, 2010 and is headquartered in Irvine, CA.
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