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

(Get a rating)

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.

Further reading

Earnings history and estimates for Sabra Health Care REIT (NASDAQ:SBRA)

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