Sabra Healthcare REIT, Inc. (SBRA) Releases FY17 Earnings Guidance
Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.29-2.33 for the period, compared to the Thomson Reuters consensus estimate of $2.34. Sabra Healthcare REIT also updated its FY18 guidance to $2.41-2.47 EPS.
Sabra Healthcare REIT, Inc. (SBRA) traded down 1.15% during trading on Thursday, hitting $22.34. The company’s stock had a trading volume of 1,482,744 shares. Sabra Healthcare REIT, Inc. has a 12 month low of $19.30 and a 12 month high of $29.10. The firm has a 50 day moving average of $22.43 and a 200 day moving average of $24.81. The firm has a market cap of $1.46 billion, a P/E ratio of 18.80 and a beta of 0.89.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Wednesday, August 16th were paid a dividend of $0.3599 per share. The ex-dividend date was Monday, August 14th. This represents a $1.44 annualized dividend and a dividend yield of 6.44%. Sabra Healthcare REIT’s dividend payout ratio (DPR) is presently 122.03%.
Several equities research analysts recently weighed in on the company. BidaskClub upgraded Sabra Healthcare REIT from a sell rating to a hold rating in a research report on Tuesday, June 20th. Mizuho restated a neutral rating on shares of Sabra Healthcare REIT in a research report on Wednesday, June 28th. Zacks Investment Research lowered Sabra Healthcare REIT from a hold rating to a sell rating in a research report on Thursday, June 8th. Stifel Nicolaus restated a hold rating and set a $26.00 price target on shares of Sabra Healthcare REIT in a research report on Friday, July 28th. Finally, Jefferies Group LLC restated a hold rating and set a $28.00 price target on shares of Sabra Healthcare REIT in a research report on Friday, May 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $25.29.
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Sabra Healthcare REIT Company Profile
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.
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