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 |
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
SOURCE S&P Dow Jones Indices
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article