Investing in Sabra Health Care REIT Inc. (SBRA): What You Must Know


In a filing, Sabra Health Care REIT Inc. revealed its Executive VP, CFO & Secretary Costa Michael Lourenco acquired Company’s shares for reported $24591.0 on Sep 01. In the deal valued at $12.63 per share,1,947 shares were bought. As a result of this transaction, Costa Michael Lourenco now holds 183,218 shares worth roughly $ 2.31 million.

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BofA Securities upgraded its Sabra Health Care REIT Inc. [SBRA] rating to a Neutral from a an Underperform in a research note published on Tuesday, August 11, 2023; the price target was increased to $14 from $11. PT values the company’s stock at a premium of 9.93 to its Tuesday closing price.

Price Performance Review of SBRA

On Tuesday, Sabra Health Care REIT Inc. [NASDAQ:SBRA] saw its stock fall -2.47% to $12.61. On the same session, the stock had its day’s lowest price of $12.59, but rose to a high of $12.89. Over the last five days, the stock has gained 3.79%. Sabra Health Care REIT Inc. shares have risen nearly 1.45% since the year began. Nevertheless, the stocks have fallen -14.06% over the past one year. While a 52-week high of $15.08 was reached on 02/02/23, a 52-week low of $10.08 was recorded on 03/24/23. SMA at 50 days reached $12.44, while 200 days put it at $12.12. A total of 2.13 million shares were traded, compared to the trading of 3.37 million shares in the previous session.

Levels Of Support And Resistance For SBRA Stock

The 24-hour chart illustrates a support level at 12.50, which if violated will result in even more drops to 12.40. On the upside, there is a resistance level at 12.80. A further resistance level may holdings at 13.00. The Relative Strength Index (RSI) on the 14-day chart is 53.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.71%. Stochastics %K at 86.09% indicates the stock is a selling.

How much short interest is there in Sabra Health Care REIT Inc.?

A steep rise in short interest was recorded in Sabra Health Care REIT Inc. stocks on Aug 14, 2023, dropping by -3.01 million shares to a total of 8.83 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 11.84 million shares. There was a decline of -34.09%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.49% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.15.

Sabra Health Care REIT Inc. [SBRA] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 33,737,965 shares, or roughly 14.59% of the outstanding SBRA shares. In other words, the investor’s shares have fallen by -1,208,786 from its previous 13-F filing of 34946751.0. Additionally, BlackRock Fund Advisors increased 0.47% of its stake after which the total value it holdings stand at $366,532,010, while Principal Global Investors LLC added 32.21% of its stake to hold $268.76 million in the firm. At present, Geode Capital Management LLC is holding 5,394,150 shares valued at $70.07 million. LSV Asset Management owned 4,241,249 shares of the company at the time of its most recent 13F filing, worth $55.09 million.


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