SunTrust Banks Weighs in on Sabra Healthcare REIT, Inc.’s Q1 2018 Earnings (SBRA)

Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) – SunTrust Banks lowered their Q1 2018 earnings estimates for Sabra Healthcare REIT in a note issued to investors on Monday. SunTrust Banks analyst E. Fleming now forecasts that the real estate investment trust will earn $0.62 per share for the quarter, down from their prior estimate of $0.63. SunTrust Banks currently has a “Buy” rating and a $30.00 target price on the stock. SunTrust Banks also issued estimates for Sabra Healthcare REIT’s Q3 2018 earnings at $0.64 EPS, Q4 2018 earnings at $0.65 EPS, FY2018 earnings at $2.54 EPS and FY2019 earnings at $2.67 EPS.

A number of other equities research analysts also recently weighed in on SBRA. Zacks Investment Research upgraded shares of Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. ValuEngine upgraded shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Mizuho restated a “hold” rating and set a $23.00 price objective on shares of Sabra Healthcare REIT in a research report on Wednesday, October 4th. Jefferies Group LLC upgraded shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Tuesday, August 15th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $30.00 price objective on shares of Sabra Healthcare REIT in a research report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.30.

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Sabra Healthcare REIT (NASDAQ:SBRA) traded down 0.255% during mid-day trading on Wednesday, hitting $21.485. The company had a trading volume of 91,652 shares. Sabra Healthcare REIT has a one year low of $19.30 and a one year high of $29.10. The company has a market cap of $1.41 billion, a PE ratio of 18.085 and a beta of 0.88. The company’s 50 day moving average price is $22.16 and its 200-day moving average price is $24.03.

A number of hedge funds have recently added to or reduced their stakes in SBRA. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Sabra Healthcare REIT by 9.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,151 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 352 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Sabra Healthcare REIT by 15.7% in the second quarter. Daiwa Securities Group Inc. now owns 5,900 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 800 shares during the period. Ameritas Investment Partners Inc. acquired a new position in Sabra Healthcare REIT in the first quarter valued at $156,000. Riverhead Capital Management LLC lifted its holdings in Sabra Healthcare REIT by 96.0% in the second quarter. Riverhead Capital Management LLC now owns 6,861 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 3,361 shares during the period. Finally, Flinton Capital Management LLC lifted its holdings in Sabra Healthcare REIT by 96.1% in the second quarter. Flinton Capital Management LLC now owns 6,868 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 3,366 shares during the period. Institutional investors and hedge funds own 99.26% of the company’s stock.

About Sabra Healthcare 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.

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

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