About Sabra Healthcare REIT (NASDAQ:SBRA)
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. As of December 31, 2016, the Company's investment portfolio consisted of 183 real estate properties held for investment (consisting of 97 skilled nursing/transitional care facilities, 85 senior housing facilities, and one acute care hospital); 10 investments in loans receivable (consisting of four mortgage loans, one construction loan, one mezzanine loan, three pre-development loans and one debtor-in-possession (DIP) loan) and 12 preferred equity investments. It has properties located in New Hampshire, Texas, Florida, Kentucky, Ohio, Maryland and Nebraska, among others.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Healthcare REITs
- Sub-Industry: Specialized REITs
- Symbol: NASDAQ:SBRA
- CUSIP: 78573L10
- Web: www.sabrahealth.com
- Market Cap: $3.79989 billion
- Outstanding Shares: 65,437,000
- 50 Day Moving Avg: $22.05
- 200 Day Moving Avg: $23.71
- 52 Week Range: $19.30 - $29.10
Sales & Book Value:
- Trailing P/E Ratio: 17.95
- Foreward P/E Ratio: 8.53
- P/E Growth: 3.15
- Annual Revenue: $251.1 million
- Price / Sales: 5.56
- Book Value: $15.23 per share
- Price / Book: 1.40
- Annual Dividend: $1.44
- Dividend Yield: 6.8%
- EBITDA: $210.73 million
- Net Margins: 34.99%
- Return on Equity: 8.72%
- Return on Assets: 3.90%
- Debt-to-Equity Ratio: 1.22%
- Current Ratio: 3.15%
- Quick Ratio: 3.15%
- Average Volume: 2.65 million shs.
- Beta: 0.88
- Short Ratio: 6.5
Frequently Asked Questions for Sabra Healthcare REIT (NASDAQ:SBRA)
What is Sabra Healthcare REIT's stock symbol?
Sabra Healthcare REIT trades on the NASDAQ under the ticker symbol "SBRA."
How often does Sabra Healthcare REIT pay dividends? What is the dividend yield for Sabra Healthcare REIT?
Sabra Healthcare REIT declared a quarterly dividend on Wednesday, August 2nd. Investors of record on Wednesday, August 16th will be paid a dividend of $0.3599 per share on Friday, August 18th. This represents a $1.44 dividend on an annualized basis and a yield of 6.75%. The ex-dividend date of this dividend is Monday, August 14th. View Sabra Healthcare REIT's Dividend History.
How were Sabra Healthcare REIT's earnings last quarter?
Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) announced its earnings results on Monday, August, 1st. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The business earned $74.20 million during the quarter, compared to analyst estimates of $56.04 million. Sabra Healthcare REIT had a net margin of 34.99% and a return on equity of 8.72%. The business's revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. View Sabra Healthcare REIT's Earnings History.
When will Sabra Healthcare REIT make its next earnings announcement?
What guidance has Sabra Healthcare REIT issued on next quarter's earnings?
Sabra Healthcare REIT issued an update on its FY18 earnings guidance on Monday, September, 25th. The company provided earnings per share (EPS) guidance of $2.33-2.39 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.61. Sabra Healthcare REIT also updated its FY17 guidance to $2.29-2.33 EPS.
Where is Sabra Healthcare REIT's stock going? Where will Sabra Healthcare REIT's stock price be in 2017?
9 brokers have issued 12-month price objectives for Sabra Healthcare REIT's shares. Their forecasts range from $22.00 to $30.00. On average, they expect Sabra Healthcare REIT's share price to reach $25.33 in the next year. View Analyst Ratings for Sabra Healthcare REIT.
What are analysts saying about Sabra Healthcare REIT stock?
Here are some recent quotes from research analysts about Sabra Healthcare REIT stock:
- 1. According to Zacks Investment Research, "Sabra Health Care REIT, Inc. is a real estate investment trust that owns and invests in real estate serving the healthcare industry. The trust owns nursing homes, rehabilitation centers, assisted living facilities, and independent living centers. It leases properties to tenants and operators throughout the United States. Sabra Health Care REIT, Inc. is based in Irvine, California. " (9/23/2017)
- 2. Cantor Fitzgerald analysts commented, "We expect investors to be pleased that SBRA’s restructuring of selected underperforming leases acquired in last months combination with CCP appears to eliminate the poor coverage issues at Signature and other operators, and demonstrate substantially more accretion from CCP than we had assumed." (9/8/2017)
- 3. Canaccord Genuity analysts commented, "We expect management’s strong SNF expertise to be instrumental in navigating the balance between rent adjustments, dispositions and operator transitions to improve SNF lease metrics while preserving deal accretion, and in the near term, valuation upside may await greater clarity on these key integration strategies." (5/9/2017)
Are investors shorting Sabra Healthcare REIT?
Sabra Healthcare REIT saw a decrease in short interest in the month of September. As of September 29th, there was short interest totalling 6,934,769 shares, a decrease of 38.7% from the September 15th total of 11,319,075 shares. Based on an average daily trading volume, of 4,160,690 shares, the short-interest ratio is presently 1.7 days. Approximately 4.0% of the company's stock are short sold.
Who are some of Sabra Healthcare REIT's key competitors?
Some companies that are related to Sabra Healthcare REIT include Omega Healthcare Investors (OHI), Healthcare Trust of America (HTA), Medical Properties Trust (MPW), Healthcare Realty Trust Incorporated (HR), National Health Investors (NHI), Physicians Realty Trust (DOC), LTC Properties (LTC), CareTrust REIT (CTRE), Universal Health Realty Income Trust (UHT), Assura PLC (AGR), Primary Health Properties PLC (PHP), MedEquities Realty Trust (MRT), Community Healthcare Trust Incorporated (CHCT), Aviv REIT (AVIV), Care Capital Properties (CCP) and Global Medical REIT (GMRE).
Who are Sabra Healthcare REIT's key executives?
Sabra Healthcare REIT's management team includes the folowing people:
- Richard K. Matros, Chairman of the Board, President, Chief Executive Officer
- Harold W. Andrews Jr., Chief Financial Officer, Executive Vice President, Secretary
- Talya Nevo-Hacohen, Executive Vice President, Chief Investment Officer, Treasurer
- Michael J. Foster J.D., Lead Independent Director
- Craig A. Barbarosh, Independent Director
- Robert A. Ettl, Independent Director
- Milton J. Walters, Independent Director
Who owns Sabra Healthcare REIT stock?
Sabra Healthcare REIT's stock is owned by a number of of retail and institutional investors. Top institutional investors include Smith Graham & Co. Investment Advisors LP (0.57%), Pensionfund DSM Netherlands (0.00%), Mutual of America Capital Management LLC (0.22%), Quantitative Systematic Strategies LLC (0.14%), Orinda Asset Management LLC (0.11%) and State Treasurer State of Michigan (0.10%). Company insiders that own Sabra Healthcare REIT stock include Harold W Jr Andrews, Michael J Foster and Milton J Walters. View Institutional Ownership Trends for Sabra Healthcare REIT.
Who sold Sabra Healthcare REIT stock? Who is selling Sabra Healthcare REIT stock?
Who bought Sabra Healthcare REIT stock? Who is buying Sabra Healthcare REIT stock?
Sabra Healthcare REIT's stock was acquired by a variety of institutional investors in the last quarter, including Mutual of America Capital Management LLC, Pensionfund DSM Netherlands, Quantitative Systematic Strategies LLC, Orinda Asset Management LLC, State Treasurer State of Michigan, Pensionfund Sabic, Honkamp Krueger Financial Services Inc. and LS Investment Advisors LLC. Company insiders that have bought Sabra Healthcare REIT stock in the last two years include Harold W Jr Andrews and Michael J Foster. View Insider Buying and Selling for Sabra Healthcare REIT.
How do I buy Sabra Healthcare REIT stock?
Shares of Sabra Healthcare REIT can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Sabra Healthcare REIT's stock price today?
MarketBeat Community Rating for Sabra Healthcare REIT (NASDAQ SBRA)MarketBeat's community ratings are surveys of what our community members think about Sabra Healthcare REIT and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Sabra Healthcare REIT stock can currently be purchased for approximately $21.32.
Consensus Ratings for Sabra Healthcare REIT (NASDAQ:SBRA) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 4 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.33)|
|Consensus Price Target: ||$25.33 (18.82% upside)|Consensus Price Target History for Sabra Healthcare REIT (NASDAQ:SBRA)
Analysts' Ratings History for Sabra Healthcare REIT (NASDAQ:SBRA)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/9/2017||SunTrust Banks, Inc.||Reiterated Rating||Buy||$30.00||N/A|
|9/28/2017||Cantor Fitzgerald||Reiterated Rating||Buy||$30.00||Low|
|9/27/2017||Jefferies Group LLC||Reiterated Rating||Buy||$25.00 -> $24.00||Low|
|9/25/2017||Capital One Financial Corporation||Initiated Coverage||Equal Weight||$24.00||Low|
|9/8/2017||Bank of America Corporation||Boost Price Target||Underperform||$21.00 -> $22.00||Low|
|9/5/2017||JMP Securities||Upgrade||Market Perform -> Outperform||$23.00||Low|
|7/28/2017||Stifel Nicolaus||Reiterated Rating||Hold||$26.00||Medium|
|5/9/2017||Canaccord Genuity||Reiterated Rating||Hold||$26.00||Low|
|8/25/2016||BTIG Research||Initiated Coverage||Neutral||N/A|
|8/17/2016||Citigroup Inc.||Boost Price Target||Neutral||$22.00 -> $24.00||N/A|
|4/12/2016||Raymond James Financial, Inc.||Downgrade||Outperform -> Market Perform||N/A|
|2/23/2016||Barclays PLC||Lower Price Target||Overweight||$23.00 -> $21.00||N/A|
|2/23/2016||FBR & Co||Reiterated Rating||Outperform||$26.00 -> $24.00||N/A|
|12/17/2015||Cowen and Company||Lower Price Target||Market Perform||$22.50||N/A|
|11/2/2015||Royal Bank Of Canada||Downgrade||Sector Perform -> Underperform||$26.00 -> $22.00||N/A|
Earnings History for Sabra Healthcare REIT (NASDAQ:SBRA)Earnings History by Quarter for Sabra Healthcare REIT (NASDAQ SBRA)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/8/2017||Q1 2017||$0.58||$0.25||$63.47 million||$62.65 million||View||Listen|
|2/22/2017||Q416||$0.32||$0.62||$58.23 million||$61.80 million||View||N/A|
|8/1/2016||Q216||$0.58||$0.61||$56.04 million||$74.20 million||View||N/A|
|5/2/2016||Q116||$0.55||$0.53||$57.50 million||$62.60 million||View||N/A|
|2/22/2016||Q415||$0.55||$0.55||$54.98 million||$66.80 million||View||N/A|
|11/9/2015||Q315||$0.57||$0.58||$53.78 million||$59.90 million||View||N/A|
|8/4/2015||Q215||$0.54||$0.53||$51.07 million||$56.60 million||View||N/A|
|5/5/2015||Q115||$0.57||$0.53||$52.10 million||$5.60 million||View||N/A|
|2/18/2015||Q414||$0.57||$0.54||$46.40 million||$55.70 million||View||N/A|
|11/3/2014||Q314||$0.55||$0.51||$38.00 million||$44.00 million||View||N/A|
|7/30/2014||Q214||$0.55||$0.57||$37.46 million||$42.97 million||View||N/A|
|5/5/2014||Q114||$0.54||$0.55||$35.75 million||$40.85 million||View||N/A|
|2/26/2014||Q413||$0.52||$0.50||$22.96 million||$37.55 million||View||N/A|
|10/23/2013||Q313||$0.46||$0.46||$33.01 million||$32.90 million||View||N/A|
|7/31/2013||Q213||$0.36||$0.41||$32.01 million||$32.28 million||View||N/A|
|5/2/2013||Q113||$0.45||$0.43||$30.71 million||$32.02 million||View||N/A|
|2/27/2013||Q412||$0.38||$0.41||$27.44 million||$28.29 million||View||N/A|
Earnings Estimates for Sabra Healthcare REIT (NASDAQ:SBRA)
2017 EPS Consensus Estimate: $2.43
2018 EPS Consensus Estimate: $2.55
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Sabra Healthcare REIT (NASDAQ:SBRA)
|Most Recent Dividend:||8/18/2017|
|Payout Ratio:||122.03% (Trailing 12 Months of Earnings) |
59.26% (Based on This Year's Estimates)
57.60% (Based on Next Year's Estimates)
Dividend History by Quarter for Sabra Healthcare REIT (NASDAQ SBRA)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Sabra Healthcare REIT (NASDAQ:SBRA)
Insider Ownership Percentage: 2.60%Insider Trades by Quarter for Sabra Healthcare REIT (NASDAQ:SBRA)
Institutional Ownership Percentage: 99.26%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/6/2016||Milton J Walters||Director||Sell||2,000||$22.04||$44,080.00|| |
|12/8/2015||Michael J Foster||Director||Buy||5,000||$19.86||$99,300.00|| |
|11/13/2015||Milton J Walters||Director||Sell||2,500||$19.75||$49,375.00|| |
|11/12/2015||Harold W Jr. Andrews||CFO||Buy||6,600||$19.07||$125,862.00|| |
|6/15/2015||Robert A Ettl||Director||Buy||2,000||$25.49||$50,980.00|| |
|6/9/2015||Michael J Foster||Director||Buy||5,074||$25.29||$128,321.46|| |
|5/7/2015||Robert A Ettl||Director||Buy||3,500||$27.95||$97,825.00|| |
|2/20/2015||Milton J Walters||Director||Sell||2,500||$32.49||$81,225.00|| |
|8/14/2013||Talya Nevo-Hacohen||VP||Buy||4,000||$25.24||$100,960.00|| |
|8/9/2013||Craig Barbarosh||Director||Buy||1,000||$24.99||$24,990.00|| |
|8/9/2013||Richard Matros||CEO||Buy||4,000||$25.03||$100,120.00|| |
|5/30/2013||Robert A Ettl||Director||Buy||2,000||$27.80||$55,600.00|| |
Headline Trends for Sabra Healthcare REIT (NASDAQ:SBRA)
Latest Headlines for Sabra Healthcare REIT (NASDAQ:SBRA)
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Sabra Healthcare REIT (SBRA) Chart for Sunday, October, 22, 2017