Sabra Health Care REIT
Market Cap
US$3.7b
Last Updated
2021/04/15 23:11 UTC
Data Sources
Company Financials +
Executive Summary
As of September 30, 2020, Sabra’s investment portfolio included 425 real estate properties held for investment (consisting of (i) 287 Skilled Nursing/Transitional Care facilities, (ii) 64 Senior Housing communities (“Senior Housing - Leased”), (iii) 47 Senior Housing communities operated by third-party property managers pursuant to property management agreements (“Senior Housing - Managed”) and (iv) 27 Specialty Hospitals and Other facilities), one asset held for sale, one investment in a direct financing lease, 19 investments in loans receivable (consisting of (i) one mortgage loan, (ii) one construction loan and (iii) 17 other loans), six preferred equity investments and one investment in an unconsolidated joint venture that owns 158 Senior Housing - Managed communities. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record, good value and pays a dividend.
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Share Price & News
How has Sabra Health Care REIT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SBRA is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SBRA's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-3.2%
SBRA
-0.1%
US REITs
1.1%
US Market
1 Year Return
41.3%
SBRA
26.0%
US REITs
56.6%
US Market
Return vs Industry: SBRA exceeded the US REITs industry which returned 24.4% over the past year.
Return vs Market: SBRA underperformed the US Market which returned 57.9% over the past year.
Shareholder returns
| SBRA | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.2% | -0.1% | 1.1% |
| 30 Day | 0.3% | 1.5% | 1.7% |
| 90 Day | 2.2% | 12.5% | 6.0% |
| 1 Year | 53.3%41.3% | 31.3%26.0% | 59.3%56.6% |
| 3 Year | 31.3%1.9% | 40.4%23.4% | 62.6%52.2% |
| 5 Year | 39.0%-8.4% | 49.6%19.4% | 120.6%96.1% |
Long-Term Price Volatility Vs. Market
How volatile is Sabra Health Care REIT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Don't Ignore The Fact That This Insider Just Sold Some Shares In Sabra Health Care REIT, Inc. (NASDAQ:SBRA)1 month ago | Simply Wall St
Declining Stock and Decent Financials: Is The Market Wrong About Sabra Health Care REIT, Inc. (NASDAQ:SBRA)?2 months ago | Simply Wall St
Have Insiders Been Selling Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares?Valuation
Is Sabra Health Care REIT undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SBRA ($17.89) is trading below our estimate of fair value ($37.67)
Significantly Below Fair Value: SBRA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SBRA is good value based on its PE Ratio (26.7x) compared to the US REITs industry average (46.8x).
PE vs Market: SBRA is poor value based on its PE Ratio (26.7x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: SBRA is poor value based on its PEG Ratio (3.4x)
Price to Book Ratio
PB vs Industry: SBRA is good value based on its PB Ratio (1.1x) compared to the US REITs industry average (1.8x).
Future Growth
How is Sabra Health Care REIT forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
7.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SBRA's forecast earnings growth (7.9% per year) is above the savings rate (2%).
Earnings vs Market: SBRA's earnings (7.9% per year) are forecast to grow slower than the US market (18.6% per year).
High Growth Earnings: SBRA's earnings are forecast to grow, but not significantly.
Revenue vs Market: SBRA's revenue (3.7% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: SBRA's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SBRA's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Sabra Health Care REIT performed over the past 5 years?
12.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SBRA has high quality earnings.
Growing Profit Margin: SBRA's current net profit margins (23%) are higher than last year (11.6%).
Past Earnings Growth Analysis
Earnings Trend: SBRA's earnings have grown by 12.6% per year over the past 5 years.
Accelerating Growth: SBRA's earnings growth over the past year (97.1%) exceeds its 5-year average (12.6% per year).
Earnings vs Industry: SBRA earnings growth over the past year (97.1%) exceeded the REITs industry -4.4%.
Return on Equity
High ROE: SBRA's Return on Equity (4.1%) is considered low.
Financial Health
How is Sabra Health Care REIT's financial position?
Financial Position Analysis
Short Term Liabilities: SBRA's short term assets ($256.1M) exceed its short term liabilities ($115.3M).
Long Term Liabilities: SBRA's short term assets ($256.1M) do not cover its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: SBRA's debt to equity ratio (70.7%) is considered high.
Reducing Debt: SBRA's debt to equity ratio has reduced from 131.2% to 70.7% over the past 5 years.
Debt Coverage: SBRA's debt is not well covered by operating cash flow (14.7%).
Interest Coverage: SBRA's interest payments on its debt are not well covered by EBIT (2.6x coverage).
Balance Sheet
Dividend
What is Sabra Health Care REIT current dividend yield, its reliability and sustainability?
6.71%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SBRA's dividend (6.71%) is higher than the bottom 25% of dividend payers in the US market (1.26%).
High Dividend: SBRA's dividend (6.71%) is in the top 25% of dividend payers in the US market (3.5%)
Stability and Growth of Payments
Stable Dividend: SBRA's dividend payments have been volatile in the past 10 years.
Growing Dividend: SBRA's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (80.3%), SBRA's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SBRA's dividends in 3 years are forecast to be covered by earnings (72.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.3yrs
Average management tenure
CEO
Rick Matros (66 yo)
10.92yrs
Tenure
US$5,743,968
Compensation
Mr. Richard K. Matros, also known as Rick, has been President and Chief Executive Officer and Director at Baylor Scott & White Medical Center - Sunnyvale since May 2010 and has been its Chairman of the Boa...
CEO Compensation Analysis
Compensation vs Market: Rick's total compensation ($USD5.74M) is about average for companies of similar size in the US market ($USD5.10M).
Compensation vs Earnings: Rick's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: SBRA's management team is seasoned and experienced (8.3 years average tenure).
Board Members
Experienced Board: SBRA's board of directors are considered experienced (3.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SBRA insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.7%.
Top Shareholders
Company Information
Sabra Health Care REIT, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Sabra Health Care REIT, Inc.
- Ticker: SBRA
- Exchange: NasdaqGS
- Founded: 2010
- Industry: Health Care REITs
- Sector: Real Estate
- Market Cap: US$3.687b
- Shares outstanding: 210.72m
- Website: https://www.sabrahealth.com
Number of Employees
Location
- Sabra Health Care REIT, Inc.
- 18500 Von Karman Avenue
- Suite 550
- Irvine
- California
- 92612
- United States
Listings
Biography
As of September 30, 2020, Sabra’s investment portfolio included 425 real estate properties held for investment (consisting of (i) 287 Skilled Nursing/Transitional Care facilities, (ii) 64 Senior Housing co...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/15 23:11 |
| End of Day Share Price | 2021/04/15 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.