FY2018 Earnings Estimate for Sabra Health Care REIT Inc (SBRA) Issued By Cantor Fitzgerald

Sabra Health Care REIT Inc (NASDAQ:SBRA) – Stock analysts at Cantor Fitzgerald upped their FY2018 earnings per share estimates for shares of Sabra Health Care REIT in a research note issued on Thursday, according to Zacks Investment Research. Cantor Fitzgerald analyst J. France now forecasts that the real estate investment trust will post earnings of $2.57 per share for the year, up from their previous estimate of $2.55. Cantor Fitzgerald has a “Buy” rating and a $30.00 price objective on the stock.

Several other equities research analysts have also recently issued reports on the stock. SunTrust Banks reissued a “buy” rating and issued a $25.00 target price on shares of Sabra Health Care REIT in a research report on Friday, November 3rd. Zacks Investment Research cut shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Jefferies Group reissued a “hold” rating on shares of Sabra Health Care REIT in a research report on Thursday, December 21st. Raymond James Financial reissued a “hold” rating on shares of Sabra Health Care REIT in a research report on Wednesday, December 13th. Finally, ValuEngine raised shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.40.

Sabra Health Care REIT (NASDAQ:SBRA) traded down $0.37 during trading on Monday, hitting $17.83. 1,522,300 shares of the company’s stock traded hands, compared to its average volume of 1,529,089. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.66 and a quick ratio of 1.66. Sabra Health Care REIT has a one year low of $17.82 and a one year high of $29.10. The firm has a market cap of $3,177.88, a PE ratio of 18.97, a P/E/G ratio of 2.42 and a beta of 0.93.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.57). Sabra Health Care REIT had a return on equity of 4.86% and a net margin of 25.79%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Sabra Health Care REIT by 6.4% during the second quarter. Vanguard Group Inc. now owns 13,229,559 shares of the real estate investment trust’s stock valued at $318,832,000 after purchasing an additional 797,491 shares during the period. BlackRock Inc. raised its stake in shares of Sabra Health Care REIT by 3.0% during the second quarter. BlackRock Inc. now owns 9,570,432 shares of the real estate investment trust’s stock valued at $230,649,000 after purchasing an additional 277,421 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Sabra Health Care REIT by 294.2% during the third quarter. Bank of New York Mellon Corp now owns 4,721,303 shares of the real estate investment trust’s stock valued at $103,586,000 after purchasing an additional 3,523,631 shares during the period. APG Asset Management US Inc. raised its stake in shares of Sabra Health Care REIT by 160.6% during the third quarter. APG Asset Management US Inc. now owns 2,874,000 shares of the real estate investment trust’s stock valued at $63,056,000 after purchasing an additional 1,771,033 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Sabra Health Care REIT by 151.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,405,450 shares of the real estate investment trust’s stock valued at $52,774,000 after purchasing an additional 1,450,287 shares during the period. Hedge funds and other institutional investors own 85.47% of the company’s stock.

In related news, Director Milton J. Walters sold 4,615 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $19.18, for a total value of $88,515.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.60% of the company’s stock.

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About Sabra Health Care REIT

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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Earnings History and Estimates for Sabra Health Care REIT (NASDAQ:SBRA)

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