Sabra Healthcare REIT, Inc. shares had a trading volume of 2,509K on Tuesday. Volume was up 91.43% over the stocks average daily volume.
Investors are a little more bearish on shares of the company if you consider the rise in short interest. The stock realized a rise in short interest between September 29, 2017 and October 13, 2017 of 1.05%. Short shares increased 73,134 over that timeframe. The short-interest ratio increased to 5.0 and the percentage of shorted shares is 0.11% as of October 13.
A few notable investment firms have updated their holdings. As of the end of the quarter Nationwide Fund Advisors had acquired a total of 359,314 shares growing its position 982.6%. The value of the company’s investment in Sabra Healthcare REIT, Inc. went from $881,000 to $8,686,000 a change of 885.9% quarter to quarter. Raymond James Financial Services Advisors, Inc. bolstered its holdings by buying 82,876 shares an increase of 204.6% as of 09/30/2017. Raymond James Financial Services Advisors, Inc. currently owns 123,373 shares valued at $2,707,000. The total value of its holdings increased 177.4%.
As of quarter end Aperio Group, LLC had bought 148,810 shares growing its stake by 672.2%. The value of the investment in Sabra Healthcare REIT, Inc. increased from $534,000 to $3,751,000 a change of $3,217,000 since the last quarter. As of quarter end State Of New Jersey Common Pension Fund D had sold 25,000 shares trimming its holdings by 7.7%. The value in dollars decreased from $7,821,000 to $6,570,000 decreasing 16.0% for the reporting period.
On August 15 the company was upgraded to “Buy” from “Underperform” in a statement from Jefferies. On September 5 the stock rating was upgraded from “Market Perform” to “Outperform” in an announcement from JMP Securities.
The company is down from yesterday’s close of $19.92.
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..