Jefferies Group Comments on Sabra Health Care REIT Inc’s FY2020 Earnings (SBRA)

Sabra Health Care REIT Inc (NASDAQ:SBRA) – Research analysts at Jefferies Group issued their FY2020 earnings per share (EPS) estimates for Sabra Health Care REIT in a report issued on Thursday, April 5th. Jefferies Group analyst O. Okusanya forecasts that the real estate investment trust will post earnings of $2.37 per share for the year. Jefferies Group has a “Hold” rating on the stock.

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Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.27. The firm had revenue of $166.47 million during the quarter, compared to analyst estimates of $158.82 million. Sabra Health Care REIT had a net margin of 39.04% and a return on equity of 7.19%.

SBRA has been the subject of a number of other reports. ValuEngine lowered shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. SunTrust Banks set a $22.00 price target on shares of Sabra Health Care REIT and gave the company a “buy” rating in a report on Monday, January 22nd. BidaskClub upgraded shares of Sabra Health Care REIT from a “strong sell” rating to a “sell” rating in a report on Thursday, March 8th. Raymond James Financial reiterated a “hold” rating on shares of Sabra Health Care REIT in a report on Wednesday, December 13th. Finally, Mizuho upgraded shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a report on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.45.

Shares of SBRA opened at $17.70 on Friday. The company has a market capitalization of $3,167.61, a PE ratio of 7.28, a price-to-earnings-growth ratio of 2.33 and a beta of 0.65. The company has a debt-to-equity ratio of 0.99, a current ratio of 6.85 and a quick ratio of 6.85. Sabra Health Care REIT has a fifty-two week low of $15.77 and a fifty-two week high of $29.10.

Large investors have recently bought and sold shares of the stock. Mutual of America Capital Management LLC increased its position in Sabra Health Care REIT by 2.1% during the 4th quarter. Mutual of America Capital Management LLC now owns 146,320 shares of the real estate investment trust’s stock valued at $2,746,000 after purchasing an additional 2,991 shares during the period. Public Employees Retirement System of Ohio increased its position in Sabra Health Care REIT by 8.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 40,622 shares of the real estate investment trust’s stock valued at $891,000 after purchasing an additional 3,300 shares during the period. Global X Management Co. LLC increased its position in Sabra Health Care REIT by 0.4% during the 4th quarter. Global X Management Co. LLC now owns 804,457 shares of the real estate investment trust’s stock valued at $15,100,000 after purchasing an additional 3,539 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in Sabra Health Care REIT by 8.6% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 45,229 shares of the real estate investment trust’s stock valued at $849,000 after purchasing an additional 3,600 shares during the period. Finally, Retirement Systems of Alabama increased its position in Sabra Health Care REIT by 1.6% during the 4th quarter. Retirement Systems of Alabama now owns 230,463 shares of the real estate investment trust’s stock valued at $4,326,000 after purchasing an additional 3,614 shares during the period. Institutional investors own 88.88% of the company’s stock.

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About Sabra Health Care REIT

Sabra Health Care REIT, Inc is a real estate investment trust. The Company, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company’s segment includes investments in healthcare-related real estate properties. The Company’s primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.

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

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