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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pensionfund Sabic boosted its holdings in shares of Sabra Healthcare REIT by 227.8% in the 3rd quarter. Pensionfund Sabic now owns 61,874 shares of the real estate investment trust’s stock valued at $1,358,000 after buying an additional 42,999 shares during the last quarter. Pensionfund DSM Netherlands boosted its holdings in shares of Sabra Healthcare REIT by 192.0% in the 3rd quarter. Pensionfund DSM Netherlands now owns 148,030 shares of the real estate investment trust’s stock valued at $3,248,000 after buying an additional 97,330 shares during the last quarter. Phocas Financial Corp. boosted its holdings in shares of Sabra Healthcare REIT by 4.7% in the 2nd quarter. Phocas Financial Corp. now owns 212,756 shares of the real estate investment trust’s stock valued at $5,127,000 after buying an additional 9,470 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of Sabra Healthcare REIT in the 2nd quarter valued at approximately $505,000. Finally, Wasatch Advisors Inc. boosted its holdings in shares of Sabra Healthcare REIT by 14.5% in the 2nd quarter. Wasatch Advisors Inc. now owns 570,029 shares of the real estate investment trust’s stock valued at $13,738,000 after buying an additional 72,125 shares during the last quarter. 99.26% of the stock is owned by institutional investors.

Shares of Sabra Healthcare REIT (SBRA) opened at 21.23 on Friday. The stock has a 50 day moving average of $22.14 and a 200-day moving average of $23.99. Sabra Healthcare REIT has a 52 week low of $19.30 and a 52 week high of $29.10. The firm has a market capitalization of $1.39 billion, a PE ratio of 17.87 and a beta of 0.88.

A number of research analysts recently commented on SBRA shares. BidaskClub raised shares of Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Mizuho reiterated a “neutral” rating on shares of Sabra Healthcare REIT in a research note on Wednesday, June 28th. Capital One Financial Corporation started coverage on shares of Sabra Healthcare REIT in a research note on Monday, September 25th. They issued an “equal weight” rating and a $24.00 target price for the company. Stifel Nicolaus reiterated a “hold” rating and issued a $26.00 target price on shares of Sabra Healthcare REIT in a research note on Friday, July 28th. Finally, Bank of America Corporation lifted their target price on shares of Sabra Healthcare REIT from $21.00 to $22.00 and gave the company an “underperform” rating in a research note on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. Sabra Healthcare REIT currently has a consensus 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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