Sabra Health Care REIT Inc (NASDAQ:SBRA) – Capital One Financial cut their Q3 2019 earnings per share estimates for shares of Sabra Health Care REIT in a report issued on Sunday, August 12th. Capital One Financial analyst D. Bernstein now anticipates that the real estate investment trust will post earnings per share of $0.63 for the quarter, down from their previous forecast of $0.64. Capital One Financial also issued estimates for Sabra Health Care REIT’s FY2019 earnings at $2.52 EPS.
Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings data on Wednesday, August 8th. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.75. The firm had revenue of $166.31 million during the quarter, compared to analysts’ expectations of $166.62 million. Sabra Health Care REIT had a net margin of 62.60% and a return on equity of 11.21%.
SBRA opened at $22.88 on Wednesday. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 9.42, a P/E/G ratio of 2.67 and a beta of 0.70. Sabra Health Care REIT has a 1-year low of $15.77 and a 1-year high of $23.79.
Hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE boosted its stake in shares of Sabra Health Care REIT by 91.5% in the 2nd quarter. US Bancorp DE now owns 5,699 shares of the real estate investment trust’s stock valued at $124,000 after purchasing an additional 2,723 shares during the last quarter. Centaurus Financial Inc. bought a new position in shares of Sabra Health Care REIT in the 2nd quarter valued at about $125,000. Goodwin Daniel L bought a new position in shares of Sabra Health Care REIT in the 2nd quarter valued at about $207,000. Oxbow Advisors LLC bought a new position in shares of Sabra Health Care REIT in the 2nd quarter valued at about $216,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Sabra Health Care REIT in the 1st quarter valued at about $236,000. 87.82% of the stock is currently owned by institutional investors.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Shareholders of record on Saturday, August 18th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.87%. The ex-dividend date of this dividend is Thursday, August 16th. Sabra Health Care REIT’s payout ratio is presently 74.07%.
About Sabra Health Care REIT
As of March 31, 2018, Sabra's investment portfolio included 515 real estate properties held for investment (consisting of (i) 380 Skilled Nursing/Transitional Care facilities, (ii) 89 Senior Housing communities (?Senior Housing – Leased?), (iii) 24 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), five assets held for sale, one investment in a direct financing lease, 21 investments in loans receivable (consisting of (i) two mortgage loans, (ii) two construction loans, (iii) one mezzanine loan, (iv) one pre-development loan and (v) 15 other loans), 13 preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.
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