Sabra Healthcare REIT (NASDAQ:SBRA) Releases Quarterly Earnings Results, Misses Expectations By $0.28 EPS

Sabra Healthcare REIT (NASDAQ:SBRA) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.28), FiscalAI reports. The business had revenue of $201.35 million for the quarter, compared to the consensus estimate of $201.97 million. Sabra Healthcare REIT had a return on equity of 6.38% and a net margin of 23.50%.

Sabra Healthcare REIT Trading Up 3.3%

NASDAQ SBRA traded up $0.65 during trading hours on Thursday, hitting $20.25. 5,080,241 shares of the company’s stock were exchanged, compared to its average volume of 2,810,229. Sabra Healthcare REIT has a 1-year low of $15.60 and a 1-year high of $20.27. The company has a current ratio of 5.19, a quick ratio of 5.19 and a debt-to-equity ratio of 0.92. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 28.13 and a beta of 0.67. The stock has a 50-day simple moving average of $19.00 and a 200 day simple moving average of $18.74.

Sabra Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, February 13th. This represents a $1.20 annualized dividend and a dividend yield of 5.9%. Sabra Healthcare REIT’s dividend payout ratio is 166.67%.

Hedge Funds Weigh In On Sabra Healthcare REIT

Hedge funds have recently added to or reduced their stakes in the stock. Cibc World Markets Corp purchased a new stake in Sabra Healthcare REIT in the fourth quarter valued at approximately $1,486,000. Quantum Portfolio Management LLC grew its stake in Sabra Healthcare REIT by 7.8% in the 4th quarter. Quantum Portfolio Management LLC now owns 23,257 shares of the real estate investment trust’s stock worth $440,000 after buying an additional 1,685 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Sabra Healthcare REIT by 1.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 139,104 shares of the real estate investment trust’s stock worth $2,635,000 after buying an additional 1,698 shares during the last quarter. Groupe la Francaise purchased a new stake in shares of Sabra Healthcare REIT during the 4th quarter valued at $603,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Sabra Healthcare REIT by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,455,544 shares of the real estate investment trust’s stock worth $65,448,000 after acquiring an additional 56,461 shares during the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SBRA. Truist Financial upped their price target on shares of Sabra Healthcare REIT from $20.00 to $21.00 and gave the company a “hold” rating in a report on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sabra Healthcare REIT in a research note on Thursday, January 22nd. Jefferies Financial Group reiterated a “buy” rating and set a $22.00 target price on shares of Sabra Healthcare REIT in a report on Monday, December 15th. Wall Street Zen cut Sabra Healthcare REIT from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. Finally, UBS Group began coverage on Sabra Healthcare REIT in a report on Tuesday, November 18th. They set a “neutral” rating and a $20.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Sabra Healthcare REIT presently has an average rating of “Hold” and an average price target of $21.11.

About Sabra Healthcare REIT

Sabra Healthcare REIT, Inc (NASDAQ: SBRA) is a real estate investment trust that acquires, owns and operates net‐lease healthcare properties. Its diversified portfolio spans senior housing communities, skilled nursing and rehabilitation centers, outpatient medical facilities, medical office buildings, hospitals and life science properties. Sabra structures long‐term, triple‐net lease agreements with healthcare operators, providing stable rental income streams while allowing tenants to focus on patient care and operational excellence.

Serving a broad spectrum of care segments, Sabra’s tenants include both regional and national providers of assisted living, independent living, memory care, post‐acute rehabilitation and research and development laboratories.