Sabra Healthcare REIT (SBRA) : Traders are bullish on Sabra Healthcare REIT (SBRA) as it has outperformed the S&P 500 by a wide margin of 10.92% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.8%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.86% in the last 1 week, and is up 12.07% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.88% and the 50-Day Moving Average is 12.66%. Sabra Healthcare REIT (NASDAQ:SBRA): On Fridays trading session , Opening price of the stock was $24.78 with an intraday high of $25.1435. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $24.56. However, the stock managed to close at $24.7, a loss of 0.48% for the day. On the previous day, the stock had closed at $24.82. The total traded volume of the day was 497,010 shares.
The company Insiders own 2.3% of Sabra Healthcare REIT shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.68% . Institutional Investors own 90.66% of Sabra Healthcare REIT shares. During last six month period, the net percent change held by insiders has seen a change of -7.68%. Also, In a research note released to the investors, Bank of America downgrades its rating on Sabra Healthcare REIT (NASDAQ:SBRA).The analysts at the brokerage house have a current rating of Underperform on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on July 25, 2016.
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.