Shares of Sabra Healthcare REIT (SBRA) Sees Large Outflow of Money

Sabra Healthcare REIT (SBRA) : Wednesdays money flow analysis of Sabra Healthcare REIT (SBRA) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $6.25 million. In comparison, the inflow of money on upticks was a meager $1.9 million. The dollar value of composite uptick trades minus the downtick trades was negative $4.35 million. The uptick to downtick ratio of 0.3 in the money flow shows weakness. The downtick transaction value was high at $4.12 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($4.12 million). Sabra Healthcare REIT (SBRA) gained $0.27 at $23.45, a change of 1.16% over the previous days close.


Also, Equity Analysts at the Citigroup maintains the rating on Sabra Healthcare REIT (NASDAQ:SBRA). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency lowers the price target from $24 per share to $22 per share. The rating by the firm was issued on July 7, 2016.

Sabra Healthcare REIT (NASDAQ:SBRA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.19 and $23.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.52. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.49, notching a gain of 1.34% for the day. The total traded volume was 840,615 . The stock had closed at $23.18 on the previous day.

The stock has recorded a 20-day Moving Average of 11.67% and the 50-Day Moving Average is 11.44%. In a related news, Walters Milton J, director of Sabra Health Care Reit, Inc., unloaded 2,000 shares at an average price of $22.04 on June 6, 2016. The total amount of the transaction was worth $44,080, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Sabra Health Care REIT, Inc. (Sabra) is a self-administered, self-managed real estate investment trust (REIT). Through its subsidiaries, the Company owns and invests in real estate serving the healthcare industry. The Company is primarily engaged in leasing healthcare properties to tenants and operators throughout the United States. It has a diverse portfolio of healthcare investments in the United States that offers a range of services, including skilled nursing/transitional care, assisted and independent living, mental health and acute care. The Companys investment portfolio consists of approximately 160 real estate properties held for investment, including 103 nursing/post-acute facilities, 55 senior housing facilities and two acute care hospitals; over 14 investments in loans receivable, including four mortgage loans, three construction loans, two mezzanine loans and five pre-development loans, and over six preferred equity investments.

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