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Market Cap

US$3.8b

Last Updated

2021/05/07 23:21 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


Snowflake Analysis

Good value average dividend payer.


Similar Companies

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

-2.4%

SBRA

-0.8%

US REITs

-0.3%

US Market


1 Year Return

41.8%

SBRA

31.2%

US REITs

50.2%

US Market

Return vs Industry: SBRA exceeded the US REITs industry which returned 32.1% over the past year.

Return vs Market: SBRA underperformed the US Market which returned 51.8% over the past year.


Shareholder returns

SBRAIndustryMarket
7 Day-2.4%-0.8%-0.3%
30 Day-3.2%4.1%2.2%
90 Day-0.8%11.5%3.8%
1 Year53.8%41.8%36.6%31.2%52.7%50.2%
3 Year13.3%-12.1%42.0%24.9%63.4%53.1%
5 Year26.1%-15.2%51.8%21.4%129.6%104.0%

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

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 ($17.73) is trading below our estimate of fair value ($41.2)

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 (27x) compared to the US REITs industry average (46.8x).

PE vs Market: SBRA is poor value based on its PE Ratio (27x) compared to the US market (20.2x).


Price to Earnings Growth Ratio

PEG Ratio: SBRA is poor value based on its PEG Ratio (3.7x)


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?

7.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SBRA's forecast earnings growth (7.2% per year) is above the savings rate (2%).

Earnings vs Market: SBRA's earnings (7.2% per year) are forecast to grow slower than the US market (15.4% per year).

High Growth Earnings: SBRA's earnings are forecast to grow, but not significantly.

Revenue vs Market: SBRA's revenue (4.2% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: SBRA's revenue (4.2% 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?

10.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SBRA has high quality earnings.

Growing Profit Margin: SBRA's current net profit margins (22.6%) are lower than last year (30.2%).


Past Earnings Growth Analysis

Earnings Trend: SBRA's earnings have grown by 10% per year over the past 5 years.

Accelerating Growth: SBRA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SBRA had negative earnings growth (-24.9%) over the past year, making it difficult to compare to the REITs industry average (-8.5%).


Return on Equity

High ROE: SBRA's Return on Equity (3.9%) 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 ($319.2M) exceed its short term liabilities ($123.5M).

Long Term Liabilities: SBRA's short term assets ($319.2M) do not cover its long term liabilities ($2.3B).


Debt to Equity History and Analysis

Debt Level: SBRA's debt to equity ratio (65.1%) is considered high.

Reducing Debt: SBRA's debt to equity ratio has reduced from 138.7% to 65.1% over the past 5 years.

Debt Coverage: SBRA's debt is not well covered by operating cash flow (15.3%).

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?

6.77%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SBRA's dividend (6.77%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: SBRA's dividend (6.77%) is in the top 25% of dividend payers in the US market (3.42%)


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: With its reasonable payout ratio (72.8%), SBRA's dividend 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 (72.5% 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)

11yrs

Tenure

US$5,455,333

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 ($USD5.46M) is about average for companies of similar size in the US market ($USD5.41M).

Compensation vs Earnings: Rick's compensation has been consistent with company performance over 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 (3.8 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 5%.


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$3.828b
  • Shares outstanding: 215.93m
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/07 23:21
End of Day Share Price2021/05/07 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.