(NASDAQ:SBRAP) shares saw light trading volume with 4,280 shares changing hands in the last trading session. Overall, volume was down 82.61% under the stocks normal daily volume.
Investors are more bearish on Sabra Healthcare REIT, Inc. – 7 lately if you look at the change in short interest. The company realized a rise in short interest from September 29, 2017 to October 13, 2017 of 39.42%. Short shares grew 1,214 over that timeframe. With short interest at 4,294 and short average daily volume at 20,752, days to cover is 0.0 and the percentage of shorted shares was 0.00% on October 13.
The company is trading down since yesterday’s close of $25.60. The company also announced a dividend which was paid on Thursday the 31st of August 2017. The dividend was $0.445 per share for the quarter which comes to $1.78 on an annualized basis. This dividend represents a yield of $6.96 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Monday the 14th of August 2017.
It is currently trading at $25.60 barely below $25.64, the 50 day moving average and which is a tad under the 200 day moving average of $25.76. The 50 day moving average was down $-0.04 or -0.16% and the 200 day average went down $-0.16 or -0.64%.
The P/E ratio is 21.55 and market capitalization is 1.68B.
Sabra Health Care REIT, Inc., launched on May 10, 2010, is a real estate investment trust. The Company, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Business’s segment includes investments in healthcare-related real estate properties. The Business’s primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector. As of December 31, 2016, the Business’s investment portfolio consisted of 183 real estate properties held for investment (consisting of 97 skilled nursing/transitional care facilities, 85 senior housing facilities and one acute care hospital); 10 investments in loans receivable (consisting of four mortgage loans, one construction loan, one mezzanine loan, three pre-development loans and one debtor-in-possession (DIP) loan) and 12 preferred equity investments..