Sabra Healthcare REIT (NASDAQ:SBRA) Posts Earnings Results, Misses Estimates By $0.27 EPS

Sabra Healthcare REIT (NASDAQ:SBRA) released its quarterly earnings results on Monday. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.27), FiscalAI reports. Sabra Healthcare REIT had a return on equity of 5.60% and a net margin of 19.22%.The firm had revenue of $230.11 million for the quarter, compared to analysts’ expectations of $219.39 million.

Sabra Healthcare REIT Stock Performance

SBRA stock traded down $0.56 during midday trading on Monday, reaching $20.61. 4,352,835 shares of the company’s stock traded hands, compared to its average volume of 2,790,230. The company has a 50-day moving average price of $19.77 and a two-hundred day moving average price of $19.92. The company has a debt-to-equity ratio of 0.96, a quick ratio of 4.72 and a current ratio of 4.72. Sabra Healthcare REIT has a 52 week low of $17.17 and a 52 week high of $22.77. The firm has a market capitalization of $5.20 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 1.64 and a beta of 0.64.

Hedge Funds Weigh In On Sabra Healthcare REIT

Several hedge funds have recently made changes to their positions in SBRA. Nuveen LLC lifted its holdings in Sabra Healthcare REIT by 28.6% during the 4th quarter. Nuveen LLC now owns 7,303,254 shares of the real estate investment trust’s stock worth $138,324,000 after purchasing an additional 1,625,072 shares in the last quarter. Bank of America Corp DE grew its holdings in Sabra Healthcare REIT by 9.4% during the 3rd quarter. Bank of America Corp DE now owns 5,224,116 shares of the real estate investment trust’s stock valued at $97,378,000 after buying an additional 447,528 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Sabra Healthcare REIT by 7.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,723,546 shares of the real estate investment trust’s stock valued at $89,464,000 after buying an additional 334,737 shares during the period. Northern Trust Corp lifted its holdings in shares of Sabra Healthcare REIT by 1.1% in the third quarter. Northern Trust Corp now owns 3,930,245 shares of the real estate investment trust’s stock worth $73,260,000 after buying an additional 43,927 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Sabra Healthcare REIT by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,455,544 shares of the real estate investment trust’s stock valued at $65,448,000 after acquiring an additional 56,461 shares during the period. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on SBRA. Barclays began coverage on shares of Sabra Healthcare REIT in a research report on Tuesday, July 7th. They set an “overweight” rating and a $21.00 target price on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Sabra Healthcare REIT in a report on Wednesday, July 22nd. Wall Street Zen upgraded Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. Weiss Ratings cut Sabra Healthcare REIT from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 4th. Finally, Wells Fargo & Company lifted their price objective on Sabra Healthcare REIT from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.25.

Sabra Healthcare REIT Company Profile

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.