Caretrust REIT (NYSE:CTRE) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Caretrust REIT (NYSE:CTRE) from a buy rating to a hold rating in a research note released on Saturday morning.

Caretrust REIT Stock Down 0.7%

Shares of NYSE:CTRE opened at $28.81 on Friday. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 31.32 and a beta of 0.83.

Caretrust REIT Company Profile

CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.