Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) Sees Significantly Higher Trading Volume


2,509K shares changed hands by the end of trading on Tuesday. Shares saw a steep increase in trading volume of 91.43% over the normal average daily volume.

Short traders are more bearish on shares of the company of late if you put credence in the increase in short interest. The firm saw a rise in short interest of 1.05% between September 29, 2017 and October 13, 2017. Short shares grew 73,134 over that period. Days to cover increased from 2.0 to 5.0 and the percentage of shorted shares was 0.11% on October 13.

Here are a few substantial investment firms who have updated their positions. Nationwide Fund Advisors added to its stake by buying 359,314 shares an increase of 982.6% in the quarter. Nationwide Fund Advisors currently owns 395,880 shares with a value of $8,686,000. The value of the position overall is up by 885.9%. Raymond James Financial Services Advisors, Inc. grew its ownership by buying 82,876 shares an increase of 204.6% as of 09/30/2017. Raymond James Financial Services Advisors, Inc. claims 123,373 shares worth $2,707,000. The total value of its holdings increased 177.4%.

As of the end of the quarter Aperio Group, LLC had bought a total of 148,810 shares growing its holdings by 672.2%. The value of the investment in (SBRA) increased from $534,000 to $3,751,000 increasing 602.4% since the last quarter. State Of New Jersey Common Pension Fund D cut its holdings by shedding 25,000 shares a decrease of 7.7% from 06/30/2017 to 09/30/2017. State Of New Jersey Common Pension Fund D controls 299,500 shares valued at $6,570,000. The total value of its holdings decreased 16.0%.

On August 15 the company was changed to “Buy” according to a Jefferies report a boost from the previous “Underperform” rating. On September 5, 2017 the stock rating was set at “Outperform” by JMP Securities which was a boost from the previous “Market Perform” rating.

In the market the company is trading down by 2.73% since 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..