Sabra Health Care REIT (NASDAQ:SBRA) Releases Earnings Results

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) issued its quarterly earnings results on Monday. The real estate investment trust reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.01, Zacks reports. The business had revenue of $183.54 million during the quarter, compared to the consensus estimate of $180.23 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The company's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 earnings per share. Sabra Health Care REIT updated its FY 2025 guidance to 1.430-1.460 EPS.

Sabra Health Care REIT Stock Performance

Shares of SBRA traded down $0.09 during mid-day trading on Thursday, reaching $17.98. The company's stock had a trading volume of 946,269 shares, compared to its average volume of 2,153,856. Sabra Health Care REIT has a 1-year low of $13.87 and a 1-year high of $20.03. The business has a 50-day simple moving average of $17.35 and a two-hundred day simple moving average of $17.49. The stock has a market cap of $4.28 billion, a P/E ratio of 33.93, a PEG ratio of 1.97 and a beta of 0.88. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88.

Sabra Health Care REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 6.67%. Sabra Health Care REIT's dividend payout ratio (DPR) is presently 203.39%.

Analyst Ratings Changes

Separately, Truist Financial lifted their price objective on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the company a "hold" rating in a research note on Tuesday, March 18th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Sabra Health Care REIT presently has a consensus rating of "Moderate Buy" and an average price target of $19.33.

About Sabra Health Care REIT

Sabra Health Care REIT, Inc engages in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Tustin, CA.