CareTrust REIT, Inc. (NASDAQ:CTRE – Get Rating) has received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $21.10.
Several equities analysts recently issued reports on CTRE shares. Wells Fargo & Company started coverage on shares of CareTrust REIT in a report on Wednesday, April 19th. They issued an “equal weight” rating and a $21.00 target price on the stock. StockNews.com began coverage on shares of CareTrust REIT in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, KeyCorp upped their price objective on shares of CareTrust REIT from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Tuesday, February 14th.
CareTrust REIT Stock Performance
Shares of CareTrust REIT stock opened at $19.82 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.85. CareTrust REIT has a twelve month low of $16.22 and a twelve month high of $22.46. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of -247.75 and a beta of 1.13. The company’s fifty day moving average is $19.34 and its 200 day moving average is $19.42.
CareTrust REIT Increases Dividend
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Renaissance Group LLC increased its holdings in CareTrust REIT by 594.8% during the first quarter. Renaissance Group LLC now owns 94,806 shares of the real estate investment trust’s stock valued at $1,856,000 after buying an additional 81,161 shares during the last quarter. Stifel Financial Corp increased its holdings in CareTrust REIT by 1.8% in the 1st quarter. Stifel Financial Corp now owns 163,147 shares of the real estate investment trust’s stock worth $3,194,000 after acquiring an additional 2,943 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of CareTrust REIT by 2.4% during the first quarter. Great West Life Assurance Co. Can now owns 207,338 shares of the real estate investment trust’s stock worth $4,062,000 after buying an additional 4,837 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of CareTrust REIT by 6.5% during the 1st quarter. Advisors Asset Management Inc. now owns 21,734 shares of the real estate investment trust’s stock valued at $426,000 after acquiring an additional 1,322 shares during the last quarter. Finally, BlackRock Inc. lifted its position in CareTrust REIT by 0.4% in the first quarter. BlackRock Inc. now owns 17,972,815 shares of the real estate investment trust’s stock valued at $351,908,000 after buying an additional 77,177 shares during the last quarter. 85.01% of the stock is owned by hedge funds and other institutional investors.
CareTrust REIT Company Profile
CareTrust REIT, Inc operates as real estate investment company, which engages in the ownership, acquisition, and leasing of healthcare-related properties. It offers independent living, memory care, and assisted, and skilled nursing facilities. The company was founded on October 29, 2013 and is headquartered in San Clemente, CA.
- Get a free copy of the StockNews.com research report on CareTrust REIT (CTRE)
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