Sabra Health Care REIT Inc (SBRA) reported quarterly earnings results on Monday, Aug-1-2016. The company reported $0.58 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.59. The company posted revenue of $74.20 million in the period, compared to analysts expectations of $65.40 million. The company’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.
Many Wall Street Analysts have commented on Sabra Health Care REIT Inc. Sabra Health Care REIT Inc was Downgraded by BofA/Merrill to ” Underperform” on Jul 25, 2016. Sabra Health Care REIT Inc was Upgraded by SunTrust to ” Buy” on Jun 1, 2016. Shares were Downgraded by Mizuho on May 19, 2016 to ” Neutral” and Lowered the Price Target to $ 20 from a previous price target of $25 .
Sabra Health Care REIT Inc opened for trading at $23.49 and hit $24.1561 on the upside on Friday, eventually ending the session at $23.91, with a gain of 1.66% or 0.39 points. The heightened volatility saw the trading volume jump to 5,08,470 shares. Company has a market cap of $1,561 M.
In a different news, on Jun 8, 2016, Milton J Walters (director) sold 2,000 shares at $22.04 per share price. According to the SEC, on Dec 9, 2015, Michael J Foster (director) purchased 5,000 shares at $19.86 per share price. On Nov 12, 2015, Harold W. Jr. Andrews (CFO) purchased 6,600 shares at $19.07 per share price, according to the Form-4 filing with the securities and exchange commission.
Sabra Health Care REIT Inc. (Sabra) is a self-administered self-managed real estate investment trust (REIT). Through its subsidiaries the Company owns and invests in real estate serving the healthcare industry. The Company is primarily engaged in leasing healthcare properties to tenants and operators throughout the United States. It has a diverse portfolio of healthcare investments in the United States that offers a range of services including skilled nursing/transitional care assisted and independent living mental health and acute care. The Companys investment portfolio consists of approximately 160 real estate properties held for investment including 103 nursing/post-acute facilities 55 senior housing facilities and two acute care hospitals; over 14 investments in loans receivable including four mortgage loans three construction loans two mezzanine loans and five pre-development loans and over six preferred equity investments.