Sabra Health Care REIT, Inc. will post earnings of $0.35 per share in the fourth quarter of 2022, according to forecasts from Jefferies Financial Group (NASDAQ:SBRA)
Sabra Health Care REIT, Inc. (NASDAQ: SBRA – Get a rating) – Jefferies Financial Group analysts lowered their fourth quarter 2022 earnings per share estimates for shares of Sabra Health Care REIT in a research report released to clients and investors on Tuesday, October 18. Jefferies Financial Group analyst J. Petersen now expects the real estate investment trust to post earnings per share of $0.35 for the quarter, down from its previous estimate of $0.36. Jefferies Financial Group has a “Hold” rating and a price target of $14.00 on the stock. Sabra Health Care REIT’s current annual earnings consensus estimate is $1.49 per share. Jefferies Financial Group also released estimates for Sabra Health Care REIT Q1 2023 earnings at $0.36 EPS and full-year 2023 earnings at $1.43 EPS.
SBRA has been the subject of a number of other research reports. Citigroup raised its target price on Sabra Health Care REIT to $15.50 in a Monday, August 22 report. Barclays raised its price target on Sabra Health Care REIT to $15.00 in a Tuesday, August 9 report. StockNews.com launched coverage on Sabra Health Care REIT in a report on Wednesday, October 12. They set a “hold” rating for the company. Finally, Robert W. Baird downgraded shares of Sabra Health Care REIT from an “outperform” rating to a “neutral” rating and set a price target of $13.00 for the company. in a research report on Monday, October 10. Eight research analysts gave the stock a hold rating and three gave the stock a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.20.
Sabra Health Care REIT Price Performance
SBRA stock opened Wednesday at $12.79. The stock has a 50-day moving average price of $14.27 and a 200-day moving average price of $13.96. The stock has a market capitalization of $2.95 billion, a PE ratio of 67.32 and a beta of 1.31. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt ratio of 0.75. Sabra Health Care REIT has a 1-year minimum of $11.44 and a 1-year maximum of $16.60.
Sabra Health Care REIT announces dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31. Investors of record on Wednesday August 17 received a dividend of $0.30. The ex-dividend date was Tuesday, August 16. This represents a dividend of $1.20 on an annualized basis and a yield of 9.38%. Sabra Health Care REIT’s dividend payout ratio (DPR) is 631.61%.
Institutional entries and exits
A number of hedge funds have recently increased or reduced their stakes in the company. Deutsche Bank AG increased its stake in shares of Sabra Health Care REIT by 161.6% during the second quarter. Deutsche Bank AG now owns 5,097,445 shares of the real estate investment trust worth $71,210,000 after buying an additional 3,148,985 shares in the last quarter. Millennium Management LLC increased its stake in shares of Sabra Health Care REIT by 3,773.6% during the second quarter. Millennium Management LLC now owns 1,998,167 shares of the real estate investment trust worth $27,914,000 after purchasing an additional 1,946,583 shares in the last quarter. State Street Corp increased its stake in shares of Sabra Health Care REIT by 18.1% in the first quarter. State Street Corp now owns 12,035,766 shares of the real estate investment trust worth $179,213,000 after purchasing an additional 1,840,939 shares in the last quarter. Waterfront Capital Partners LLC purchased a new stake in shares of Sabra Health Care REIT during the first quarter for a value of $22,722,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Sabra Health Care REIT by 437.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,616,519 shares of the real estate investment trust worth $22,583,000 after purchasing an additional 1,315,648 shares in the last quarter. 87.67% of the shares are held by institutional investors.
About Sabra Health Care REIT
As of March 31, 2022, Sabra’s investment portfolio included 416 properties held for investment. These include (i) 279 skilled nursing/transitional care facilities, (ii) 59 senior housing communities (senior residences – leased), (iii) 50 senior housing communities operated by third-party property managers pursuant to property management agreements (retirement homes – managed), (iv) 13 behavioral health facilities and (v) 15 specialty hospitals and other facilities), an asset held for sale, an investment in a lease-purchase, 16 investments in loans receivable (including (i) two mortgage loans, (ii) a construction loan and (iii) 13 other loans), seven investments in preferred shares and an investment in a unconsolidated joint venture.
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