Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 14,992,761 shares, a drop of 14.4% from the August 15th total of 17,507,915 shares. Approximately 23.7% of the company’s stock are sold short. Based on an average daily trading volume, of 3,589,063 shares, the short-interest ratio is currently 4.2 days.

Shares of Sabra Healthcare REIT (SBRA) opened at 23.35 on Friday. Sabra Healthcare REIT has a 12-month low of $19.30 and a 12-month high of $29.10. The firm has a 50 day moving average price of $22.36 and a 200-day moving average price of $24.69.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Wednesday, August 16th were given a dividend of $0.3599 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date of this dividend was Monday, August 14th. Sabra Healthcare REIT’s payout ratio is presently 122.03%.

SBRA has been the subject of a number of analyst reports. 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. Zacks Investment Research lowered Sabra Healthcare REIT from a “hold” rating to a “sell” rating in a report on Thursday, June 8th. BidaskClub lowered Sabra Healthcare REIT from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. JMP Securities raised Sabra Healthcare REIT from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a report on Tuesday, September 5th. Finally, Bank of America Corporation lifted their target price on Sabra Healthcare REIT from $21.00 to $22.00 and gave the stock an “underperform” rating in a report on Friday, September 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $25.00.

Hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Sabra Healthcare REIT by 9.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,151 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 352 shares during the period. Bank of Montreal Can increased its position in shares of Sabra Healthcare REIT by 44.1% in the 1st quarter. Bank of Montreal Can now owns 3,893 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 1,191 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Sabra Healthcare REIT by 15.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,900 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 800 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of Sabra Healthcare REIT in the 1st quarter valued at $156,000. Finally, Riverhead Capital Management LLC increased its position in shares of Sabra Healthcare REIT by 96.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,861 shares of the real estate investment trust’s stock valued at $165,000 after acquiring an additional 3,361 shares during the period. 99.26% of the stock is currently owned by institutional investors and hedge funds.

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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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