Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) Sees Large Decline in Short Interest

Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) saw a large drop in short interest in September. As of September 29th, there was short interest totalling 6,934,769 shares, a drop of 38.7% from the September 15th total of 11,319,075 shares. Based on an average trading volume of 4,160,690 shares, the short-interest ratio is presently 1.7 days. Currently, 4.0% of the company’s stock are sold short.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its position in shares of Sabra Healthcare REIT by 9,246.7% in the 1st quarter. BlackRock Inc. now owns 9,293,011 shares of the real estate investment trust’s stock worth $259,556,000 after buying an additional 9,193,585 shares during the last quarter. APG Asset Management US Inc. grew its position in shares of Sabra Healthcare REIT by 160.6% in the 3rd quarter. APG Asset Management US Inc. now owns 2,874,000 shares of the real estate investment trust’s stock worth $63,056,000 after buying an additional 1,771,033 shares during the last quarter. Numeric Investors LLC bought a new stake in shares of Sabra Healthcare REIT in the 2nd quarter worth approximately $30,450,000. Vanguard Group Inc. grew its position in shares of Sabra Healthcare REIT by 6.4% in the 2nd quarter. Vanguard Group Inc. now owns 13,229,559 shares of the real estate investment trust’s stock worth $318,832,000 after buying an additional 797,491 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Sabra Healthcare REIT in the 2nd quarter worth approximately $739,000. Institutional investors and hedge funds own 99.26% of the company’s stock.

Shares of Sabra Healthcare REIT (SBRA) opened at 20.33 on Friday. Sabra Healthcare REIT has a one year low of $19.30 and a one year high of $29.10. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 17.11 and a beta of 0.88. The firm has a 50-day moving average of $21.93 and a 200 day moving average of $23.52.

SBRA has been the topic of several recent research reports. Jefferies Group LLC upgraded shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, August 15th. Zacks Investment Research raised shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Tuesday, August 29th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $30.00 price objective on shares of Sabra Healthcare REIT in a research report on Friday, September 8th. ValuEngine upgraded shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $30.00 target price on shares of Sabra Healthcare REIT in a research note on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $25.30.

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About Sabra Healthcare REIT

Sabra Health Care REIT, Inc is a real estate investment trust. The Company, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company’s segment includes investments in healthcare-related real estate properties. The Company’s primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.

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