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Hot Stocks
Sabra Health Care to expand relationship with RCA, affirms FY21 outlook » 16:09
09/13/21
09/13
16:09
09/13/21
16:09
SBRA

Sabra Health Care

$16.36 /

+ (+0.00%)

The company states:…

The company states: "Under the proposed agreement with RCA, Sabra would provide RCA a $325M mortgage loan secured by eight inpatient addiction treatment centers located in the Northeast and Midwest regions of the US. Six of the centers are stabilized while two properties, opened during the past 12 months, are projected to stabilize in 2022. RCA provides medically supervised detox, inpatient treatment as well as partial hospitalization and intensive outpatient treatment at these properties. In addition, RCA has continued to provide ongoing outpatient therapy throughout the pandemic utilizing its proprietary digital health platform. The RCA Mortgage Loan, if and when issued, will bear interest at 7.5% per annum, have an initial five-year term and provide Sabra with a right of first offer to acquire the underlying facilities should RCA decide to sell any of these treatment centers. Overall, average occupancy in our portfolio continues to recover from its low point as vaccine uptake has been high among patients and residents across the acuity spectrum. However, while infection rates remain low in our portfolio, occupancy growth in our skilled nursing/transitional care portfolio has slowed as the Delta variant has spread. Some states have increased restrictions on admissions when either a resident or employee test positive and in some cases visitation restrictions have been put back in place. Elective surgeries have been substantially curtailed in many markets as hospitals planned for increases in COVID-19 cases... We reaffirm our previously issued earnings guidance for the year ended December 31, 2021. As noted previously, our earnings guidance does not include any anticipated funds from the PRF for our Senior Housing - Managed communities."

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SBRA Sabra Health Care
$16.36 /

+ (+0.00%)

SBRA Sabra Health Care
$16.36 /

+ (+0.00%)

07/14/21 Mizuho
Sabra Health Care assumed with a Neutral at Mizuho
05/21/21 BMO Capital
Sabra Health Care upgraded to Outperform from Market Perform at BMO Capital
05/09/21 Stifel
Sabra Health Care upgraded to Buy at Stifel
05/09/21 Stifel
Sabra Health Care upgraded to Buy from Hold at Stifel
SBRA Sabra Health Care
$16.36 /

+ (+0.00%)

Over a month ago
Earnings
Sabra Health Care sees FY21 FFO $1.53-$1.55, consensus $1.58 » 16:43
08/04/21
08/04
16:43
08/04/21
16:43
SBRA

Sabra Health Care

$17.76 /

-0.22 (-1.22%)

Guides FY21 Senior…

Guides FY21 Senior Housing managed average quarterly occupancy: 76.8% - 78.9%.

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SBRA Sabra Health Care
$17.76 /

-0.22 (-1.22%)

SBRA Sabra Health Care
$17.76 /

-0.22 (-1.22%)

07/14/21 Mizuho
Sabra Health Care assumed with a Neutral at Mizuho
05/21/21 BMO Capital
Sabra Health Care upgraded to Outperform from Market Perform at BMO Capital
05/09/21 Stifel
Sabra Health Care upgraded to Buy at Stifel
05/09/21 Stifel
Sabra Health Care upgraded to Buy from Hold at Stifel
SBRA Sabra Health Care
$17.76 /

-0.22 (-1.22%)

Earnings
Sabra Health Care reports Q2 FFO 39c, consensus 38c » 16:42
08/04/21
08/04
16:42
08/04/21
16:42
SBRA

Sabra Health Care

$17.76 /

-0.22 (-1.22%)

Reports Q2 revenue…

Reports Q2 revenue $152.9M, consensus $153.25M. The company states: "Average occupancy in our portfolio continues to recover as vaccine uptake has been high among patients and residents across the acuity spectrum. Infection rates remain low in our portfolio despite the recent increase in infection rates in certain geographies. Our operators continue to adhere to health and safety protocols for staff and visitors. Average occupancy for our Skilled Nursing/Transitional Care portfolio hit a trough in the final weeks of December 2020 and has steadily increased since that point. Our top eight Skilled Nursing operators, which comprise 71% of our Skilled Nursing rent, saw increased average occupancy of 601 basis points from the late-December 2020 low point through late July 2021. Skilled Mix census in our Skilled Nursing/Transitional Care portfolio stands 144 basis points higher as of mid-July 2021 compared to February 2020 pre-pandemic levels."

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SBRA Sabra Health Care
$17.76 /

-0.22 (-1.22%)

SBRA Sabra Health Care
$17.76 /

-0.22 (-1.22%)

07/14/21 Mizuho
Sabra Health Care assumed with a Neutral at Mizuho
05/21/21 BMO Capital
Sabra Health Care upgraded to Outperform from Market Perform at BMO Capital
05/09/21 Stifel
Sabra Health Care upgraded to Buy at Stifel
05/09/21 Stifel
Sabra Health Care upgraded to Buy from Hold at Stifel
SBRA Sabra Health Care
$17.76 /

-0.22 (-1.22%)

Hot Stocks
Sabra Health Care CFO Harold Andres to retire » 16:39
08/04/21
08/04
16:39
08/04/21
16:39
SBRA

Sabra Health Care

$17.76 /

-0.22 (-1.22%)

Sabra Health Care…

Sabra Health Care "announced that Harold Andrews, CFO and Secretary, has decided to retire effective December 31, 2021 and Michael Costa, Sabra's Executive Vice President - Finance and Chief Accounting Officer, is expected to be elevated to the role of Sabra's Chief Financial Officer effective January 1, 2022. Mr. Andrews is expected to remain in a consulting role with Sabra pursuant to a two-year consulting arrangement that Sabra expects to enter into with Mr. Andrews at the time of his retirement. Sabra will also begin searching for a replacement for Mr. Costa's current position with the goal of filling that role by year end."

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SBRA Sabra Health Care
$17.76 /

-0.22 (-1.22%)

SBRA Sabra Health Care
$17.76 /

-0.22 (-1.22%)

07/14/21 Mizuho
Sabra Health Care assumed with a Neutral at Mizuho
05/21/21 BMO Capital
Sabra Health Care upgraded to Outperform from Market Perform at BMO Capital
05/09/21 Stifel
Sabra Health Care upgraded to Buy at Stifel
05/09/21 Stifel
Sabra Health Care upgraded to Buy from Hold at Stifel
SBRA Sabra Health Care
$17.76 /

-0.22 (-1.22%)

Initiation
Sabra Health Care assumed with a Neutral at Mizuho » 07:23
07/14/21
07/14
07:23
07/14/21
07:23
SBRA

Sabra Health Care

$18.20 /

-0.46 (-2.47%)

Mizuho analyst Haendel…

Mizuho analyst Haendel St. Juste assumed coverage of Sabra Health Care with a Neutral rating and $18 price target following an analyst departure. The rating and price target are unchanged.

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SBRA Sabra Health Care
$18.20 /

-0.46 (-2.47%)

SBRA Sabra Health Care
$18.20 /

-0.46 (-2.47%)

05/21/21 BMO Capital
Sabra Health Care upgraded to Outperform from Market Perform at BMO Capital
05/09/21 Stifel
Sabra Health Care upgraded to Buy at Stifel
05/09/21 Stifel
Sabra Health Care upgraded to Buy from Hold at Stifel
01/13/21 Jefferies
Sabra Health Care upgraded to Buy on Democratic 'boon' at Jefferies
SBRA Sabra Health Care
$18.20 /

-0.46 (-2.47%)

Conference/Events
Sabra Health Care management to meet virtually with JMP Securities » 04:55
07/13/21
07/13
04:55
07/13/21
04:55
SBRA

Sabra Health Care

$18.68 /

+0.14 (+0.76%)

Virtual Meeting to be…

Virtual Meeting to be held on July 13 hosted by JMP Securities.

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SBRA Sabra Health Care
$18.68 /

+0.14 (+0.76%)

SBRA Sabra Health Care
$18.68 /

+0.14 (+0.76%)

05/21/21 BMO Capital
Sabra Health Care upgraded to Outperform from Market Perform at BMO Capital
05/09/21 Stifel
Sabra Health Care upgraded to Buy at Stifel
05/09/21 Stifel
Sabra Health Care upgraded to Buy from Hold at Stifel
01/13/21 Jefferies
Sabra Health Care upgraded to Buy on Democratic 'boon' at Jefferies
SBRA Sabra Health Care
$18.68 /

+0.14 (+0.76%)

Conference/Events
Sabra Health Care management to meet virtually with JMP Securities » 12:51
07/06/21
07/06
12:51
07/06/21
12:51
SBRA

Sabra Health Care

$18.28 /

+0.04 (+0.22%)

Virtual Meeting to be…

Virtual Meeting to be held on July 13 hosted by JMP Securities.

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SBRA Sabra Health Care
$18.28 /

+0.04 (+0.22%)

SBRA Sabra Health Care
$18.28 /

+0.04 (+0.22%)

05/21/21 BMO Capital
Sabra Health Care upgraded to Outperform from Market Perform at BMO Capital
05/09/21 Stifel
Sabra Health Care upgraded to Buy at Stifel
05/09/21 Stifel
Sabra Health Care upgraded to Buy from Hold at Stifel
01/13/21 Jefferies
Sabra Health Care upgraded to Buy on Democratic 'boon' at Jefferies
SBRA Sabra Health Care
$18.28 /

+0.04 (+0.22%)

Over a quarter ago
Earnings
Sabra Health Care sees Q2 AFFO/share 37c-38c, consensus 40c » 10:38
06/08/21
06/08
10:38
06/08/21
10:38
SBRA

Sabra Health Care

$17.47 /

-0.08 (-0.46%)

In slides for its…

In slides for its presentation at Nareit's REITweek conference, Sabra Health Care repeated that it expects the following amounts per diluted common share for the quarter ended June 30, 2021: Net income of 13c-14c; FFO of 38c-39c; and AFFO of 37c-38c.

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SBRA Sabra Health Care
$17.47 /

-0.08 (-0.46%)

SBRA Sabra Health Care
$17.47 /

-0.08 (-0.46%)

05/21/21 BMO Capital
Sabra Health Care upgraded to Outperform from Market Perform at BMO Capital
05/09/21 Stifel
Sabra Health Care upgraded to Buy at Stifel
05/09/21 Stifel
Sabra Health Care upgraded to Buy from Hold at Stifel
01/13/21 Jefferies
Sabra Health Care upgraded to Buy on Democratic 'boon' at Jefferies
SBRA Sabra Health Care
$17.47 /

-0.08 (-0.46%)

Upgrade
Sabra Health Care upgraded to Outperform from Market Perform at BMO Capital » 04:59
05/21/21
05/21
04:59
05/21/21
04:59
SBRA

Sabra Health Care

$17.24 /

+0.25 (+1.47%)

BMO Capital analyst Juan…

BMO Capital analyst Juan Sanabria upgraded Sabra Health Care to Outperform from Market Perform with a price target of $21, up from $20. The analyst left virtual meetings with management "confident on valuation upside." He continues to see a potential Enlivant joint venture transaction as a "win-win," and says Sabra is unlikely to buy the portfolio with a resolution likely in the second half of 2021. Exiting the joint venture would simplify and de-lever the company, and it faces lower tenant risk than triple-net peers, Sanabria tells investors in a research note.

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SBRA Sabra Health Care
$17.24 /

+0.25 (+1.47%)

SBRA Sabra Health Care
$17.24 /

+0.25 (+1.47%)

05/09/21 Stifel
Sabra Health Care upgraded to Buy at Stifel
05/09/21 Stifel
Sabra Health Care upgraded to Buy from Hold at Stifel
01/13/21 Jefferies
Sabra Health Care upgraded to Buy on Democratic 'boon' at Jefferies
01/13/21 Mizuho
Mizuho downgrades Omega, Sabra on neutral skilled nursing stance
SBRA Sabra Health Care
$17.24 /

+0.25 (+1.47%)

Earnings
Sabra Health Care sees Q2 AFFO/share 37c-38c, consensus 40c » 10:42
05/19/21
05/19
10:42
05/19/21
10:42
SBRA

Sabra Health Care

$16.75 /

-0.33 (-1.93%)

Sabra Health Care stated…

Sabra Health Care stated in slides for a non-deal roadshow hosted by BMO that it expects the following amounts per diluted common share for the quarter ended June 30, 2021: Net income of 13c-14c; FFO of 38c-39c; and AFFO of 37c-38c. In the same slides, Sabra stated: "From the beginning of the COVID-19 pandemic through April 2021, we have collected 99.9% of our forecasted rents, and through the first two weeks of May, collections are in line with what we normally receive through this point of the month. While we have agreed to temporary pandemic-related rent deferrals for four tenants of one to six months of rent, we have not granted any permanent pandemic-related rent concessions. Total pandemic-related rent deferrals equal $1.4M."

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SBRA Sabra Health Care
$16.75 /

-0.33 (-1.93%)

SBRA Sabra Health Care
$16.75 /

-0.33 (-1.93%)

05/09/21 Stifel
Sabra Health Care upgraded to Buy at Stifel
05/09/21 Stifel
Sabra Health Care upgraded to Buy from Hold at Stifel
01/13/21 Jefferies
Sabra Health Care upgraded to Buy on Democratic 'boon' at Jefferies
01/13/21 Mizuho
Mizuho downgrades Omega, Sabra on neutral skilled nursing stance
SBRA Sabra Health Care
$16.75 /

-0.33 (-1.93%)

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