11.08.2017 01:26:00
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Sabra Health Care REIT Set to Join S&P MidCap 400; Barracuda Networks to Join S&P SmallCap 600
NEW YORK, Aug. 10, 2017 /PRNewswire/ -- S&P SmallCap 600 constituent Sabra Health Care REIT Inc. (NASD: SBRA) will replace Care Capital Properties Inc. (NYSE: CCP) in the S&P MidCap 400, and Barracuda Networks Inc. (NYSE: CUDA) will replace Sabra Health Care REIT in the S&P SmallCap 600 effective prior to the open on Thursday, August 17. Sabra Health Care REIT is acquiring Care Capital Properties in a deal expected to be completed soon pending final closing conditions. The post merged Sabra Health Care REIT will be more representative of the mid-cap market space.
Sabra Health Care REIT, operating as a real estate investment trust, owns and invests in real estate properties for the healthcare industry. Headquartered in Irvine, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Health Care REITs Sub-Industry index.
Barracuda Networks designs and delivers security and data protection solutions. Headquartered in Campbell, CA, the company will be added to the S&P SmallCap 600 GICS Systems Software Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – August 17, 2017 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Sabra Health Care REIT | Real Estate | Health Care REITs |
DELETED | Care Capital Properties | Real Estate | Health Care REITs |
S&P SMALLCAP 600 INDEX – August 17, 2017 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Barracuda Networks | Information Technology | Systems Software |
DELETED | Sabra Health Care | Real Estate | Health Care REITs |
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View original content:http://www.prnewswire.com/news-releases/sabra-health-care-reit-set-to-join-sp-midcap-400-barracuda-networks-to-join-sp-smallcap-600-300503107.html
SOURCE S&P Dow Jones Indices
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S&P Global Inc | 481,20 | -1,93% | |
Sabra Health Care REIT Inc | 16,67 | 0,21% |