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

Wall Street analysts forecast that Sabra Health Care REIT Inc (NASDAQ:SBRA) will report $147.18 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Sabra Health Care REIT’s earnings. The highest sales estimate is $151.60 million and the lowest is $137.20 million. Sabra Health Care REIT posted sales of $219.37 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 32.9%. The firm is expected to issue its next earnings results 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 forecast that the business will report sales of $593.40 million, with estimates ranging from $576.70 million to $613.17 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Sabra Health Care REIT.

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

Several research firms have issued reports on SBRA. Bank of America downgraded shares of Sabra Health Care REIT from a “neutral” rating to an “underperform” rating in a research note on Monday, March 23rd. Zacks Investment Research cut shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a report on Tuesday, May 26th. Scotiabank raised shares of Sabra Health Care REIT from a “sector underperform” rating to a “sector perform” rating and upped their target price for the company from $12.00 to $15.00 in a report on Tuesday, June 23rd. Citigroup reduced their target price on shares of Sabra Health Care REIT from $20.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Finally, Berenberg Bank raised shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Monday, May 18th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $18.22.

Institutional investors and hedge funds have recently made changes to their positions in the business. First Trust Advisors LP raised its stake in shares of Sabra Health Care REIT by 37.3% in the 1st quarter. First Trust Advisors LP now owns 113,444 shares of the real estate investment trust’s stock valued at $2,209,000 after acquiring an additional 30,805 shares during the period. Victory Capital Management Inc. increased its stake in Sabra Health Care REIT by 449.1% during the 4th quarter. Victory Capital Management Inc. now owns 177,470 shares of the real estate investment trust’s stock worth $3,816,000 after buying an additional 145,148 shares during the period. Swiss National Bank increased its stake in Sabra Health Care REIT by 7.4% during the 4th quarter. Swiss National Bank now owns 362,841 shares of the real estate investment trust’s stock worth $7,743,000 after buying an additional 25,100 shares during the period. Oppenheimer & Co. Inc. increased its stake in Sabra Health Care REIT by 1.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 34,765 shares of the real estate investment trust’s stock worth $742,000 after buying an additional 611 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Sabra Health Care REIT by 34.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,886,405 shares of the real estate investment trust’s stock worth $40,256,000 after buying an additional 478,800 shares during the period. Institutional investors own 86.56% of the company’s stock.

NASDAQ SBRA traded up $0.40 during trading hours on Monday, hitting $14.36. The company had a trading volume of 1,659,128 shares, compared to its average volume of 2,659,037. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.64 and a current ratio of 0.64. Sabra Health Care REIT has a 1-year low of $5.55 and a 1-year high of $24.95. The company has a market cap of $2.85 billion, a PE ratio of 14.59 and a beta of 1.35. The business has a 50 day moving average of $13.84 and a 200-day moving average of $16.61.

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.

Read More: What are the risks of holding treasury bonds?

Get a free copy of the Zacks research report on Sabra Health Care REIT (SBRA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Sabra Health Care REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabra Health Care REIT and related companies with MarketBeat.com's FREE daily email newsletter.