Sabra Healthcare REIT, Inc. (SBRA) - NASDAQ
  • Tue, Apr. 12, 10:05 AM
    • A longtime bull on Sabra Health Care REIT (SBRA -1.7%), Raymond James uses the recent bounce in the roughed-up stock to get out, downgrading to Market Perform from Outperform.
    • The shares are down nearly 40% Y/Y, in part thanks to the bankruptcy of a sizable tenant.
    • Now read: Sabra Is An Oversold REIT That's Putting Its Issues Behind It
    | Tue, Apr. 12, 10:05 AM | 1 Comment
  • Mon, Feb. 22, 11:25 AM
    • Q4 normalized FFO of $41.86M or $0.64 per share vs. $32M and $0.57 one year ago. Adjusted FFO of $38.2M or $0.58 per share vs. $28.8M and $0.51 one year ago. Full-year normalized FFO per share of $2.33 vs. $2.20 in 2014. Full-year AFFO of $2.14 per share vs. $2.12 in 2014.
    • The company earlier this month agreed to the sale of its interests in Forest Park Medical Center, with net proceeds to be in the area of $90M and a net loss to be booked in Q1 of $30M-$35M.
    • Previously: Sabra Health Care beats by $0.09, beats on revenue (Feb. 22)
    • Conference call at 2 ET (dial-in)
    • SBRA +4.9%
    | Mon, Feb. 22, 11:25 AM
  • Wed, Feb. 10, 6:12 PM
    • Sabra Health Care REIT (SBRA +2.3%) has a deal to sell its Forest Park Medical Center Frisco Hospital to a unit of HCA, closing a chapter on a bankruptcy filing.
    • The deal is for $96.25M in cash, less assumption of capital lease obligations of about $7.3M. Columbia Medical Center of Plano, a subsidiary of HCA Holdings (HCA +1.2%), is taking on the Frisco Hospital pending a bankruptcy court hearing Feb. 18 to approve the sale.
    • Sabra's expecting to see net proceeds of $89.1M-$94.1M, and thus take a loss in Q1 of $30M-$35M on its intersts in Frisco Hospital and a debtor-in-possession loan issued to the Frisco operators.
    • HCA is up 1.6% after hours.
    | Wed, Feb. 10, 6:12 PM | 4 Comments
  • Tue, Feb. 9, 12:05 PM
    • Healthcare facility owners are seeing steep losses after HCP (HCP -14.8%), Brookdale Senior Living (BKD -16%), and Medical Properties Trust (MPW -3.8%) issued soft 2016 guidance with their Q4 beats.
    • HCP reported Q4 FFO/share of $0.80 (beat by $0.02), but guided for 2016 FFO/share of $2.74-$2.80 vs. a $3.16 consensus. Brookdale reported Q4 CFFO/share of $0.58 (beat by $0.12), but guided for 2016 CFFO of $2.45-$2.55 vs. a $2.62 consensus. MPW reported Q4 FFO/share of $0.35 (beat by $0.01), but guided for 2016 FFO/share of $1.29-$1.33 vs. a $1.33 consensus.
    • In addition to HCP/Brookdale/MPW, the casualty list includes Omega Healthcare Investors (OHI -9.6%), Capital Senior Living (CSU -6.2%), Five Star Quality Care (FVE -7%), Welltower (HCN -9%), Genesis Healthcare (GEN -9.6%), , Sabra Health Care REIT (SBRA -6.3%), National Health Investors (NHI -4.6%), Ventas (VTR -5.9%), and Physicians Realty Trust (DOC -3.9%).
    | Tue, Feb. 9, 12:05 PM | 44 Comments
  • Nov. 16, 2015, 10:02 AM
    | Nov. 16, 2015, 10:02 AM | 1 Comment
  • Nov. 2, 2015, 9:48 AM
    • It's pretty thin volume, but Sabra Health Care REIT (SBRA -6.3%) tumbles in opening action after a downgrade to Underperform from Sector Perform at RBC Capital. The new $22 price target (from $26) compares to Friday's close of $22.68.
    • The stock has been under pressure for a good part of the year, a combination of generally tough action in REITs and more recently the bankruptcy filing of one of the company's tenants.
    | Nov. 2, 2015, 9:48 AM
  • Aug. 27, 2015, 9:46 AM
    • After a near-30% decline since mid-March for Sabra Healthcare (NASDAQ:SBRA), JMP Securities has seen enough, and upgrades the stock to Market Perform from Market Underperform.
    • The stock's higher by 2% in early action today.
    | Aug. 27, 2015, 9:46 AM
  • Aug. 5, 2015, 11:38 AM
    • Q2 normalized AFFO of $30.79M or $0.52 per share vs. $23.6M and $0.53 one year ago. This year's result includes a $0.03 provision related to the Forest Park-Frisco hospital.
    • As of yesterday, the tenant had been unable to secure additional financing, and Sabra (SBRA -3.8%) recorded reserves totaling $4.6M, and a $3M provision for doubtful accounts.
    • Full-year normalized AFFO per share guidance of $2.12-$2.15.
    • Conference call (dial-in) at 1 ET
    • Previously: Sabra Health Care misses by $0.01, beats on revenue (Aug. 4)
    | Aug. 5, 2015, 11:38 AM
  • Jun. 25, 2015, 7:30 AM
    | Jun. 25, 2015, 7:30 AM
  • Jun. 24, 2015, 5:36 PM
    | Jun. 24, 2015, 5:36 PM | 1 Comment
  • Oct. 31, 2014, 9:44 AM
    | Oct. 31, 2014, 9:44 AM
  • Sep. 30, 2014, 7:56 AM
    | Sep. 30, 2014, 7:56 AM
  • Sep. 29, 2014, 11:23 AM
    • The 21 independent living facilities from Holiday Acquisition Holdings are located in 15 states and were purchased for $550M in cash. Concurrently, Sabra (SBRA -4.7%) enters into a triple-net master lease deal with subsidiaries of Holiday for management of the properties for 15 years (with two five-year renewal options). The lease is expected to generate an initial yield on cash rent of 5.5%.
    • Sabra expects to close another $100M in sale/leaseback deals over the next 60 days.
    • The company announces a 6M share secondary offering, with proceeds to be used to pay down amounts drawn ($560M) on its credit line to make the purchase.
    | Sep. 29, 2014, 11:23 AM
Company Description
Sabra Health Care REIT, Inc. operates as a real estate investment trust. The company is a self administered, self-managed realty company that, through its subsidiaries, owns and invests in real estate serving the healthcare industry. It leases properties to tenants and operators throughout the... More
Sector: Financial
Industry: REIT - Healthcare Facilities
Country: United States