Caretrust REIT Inc (CTRE) Given a $18.00 Price Target at BMO Capital Markets

BMO Capital Markets set a $18.00 price target on Caretrust REIT Inc (NASDAQ:CTRE) in a research note published on Monday morning. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued reports about the company. TheStreet upgraded Caretrust REIT from a c rating to a b rating in a research note on Friday, May 5th. Canaccord Genuity restated a buy rating and issued a $19.00 price objective on shares of Caretrust REIT in a research note on Wednesday, May 3rd. Finally, Zacks Investment Research upgraded Caretrust REIT from a sell rating to a hold rating in a research note on Thursday, May 4th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $17.71.

Analyst Recommendations for Caretrust REIT (NASDAQ:CTRE)

Shares of Caretrust REIT (NASDAQ:CTRE) traded up 0.11% during trading on Monday, hitting $18.48. 53,657 shares of the stock traded hands. Caretrust REIT has a 1-year low of $12.53 and a 1-year high of $18.56. The stock has a 50 day moving average price of $17.40 and a 200-day moving average price of $15.63. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 33.18 and a beta of 0.93.

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Several large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its stake in shares of Caretrust REIT by 571.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,381,640 shares of the real estate investment trust’s stock valued at $23,240,000 after buying an additional 1,175,847 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in shares of Caretrust REIT by 7.2% in the first quarter. Driehaus Capital Management LLC now owns 764,647 shares of the real estate investment trust’s stock valued at $12,861,000 after buying an additional 51,052 shares in the last quarter. State Street Corp boosted its stake in shares of Caretrust REIT by 11.8% in the first quarter. State Street Corp now owns 1,743,435 shares of the real estate investment trust’s stock valued at $29,323,000 after buying an additional 184,451 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Caretrust REIT by 191.4% in the first quarter. Bank of America Corp DE now owns 765,382 shares of the real estate investment trust’s stock valued at $12,873,000 after buying an additional 502,765 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Caretrust REIT during the first quarter valued at $185,000. Hedge funds and other institutional investors own 77.45% of the company’s stock.

Caretrust REIT Company Profile

CareTrust REIT, Inc is a self-administered, self-managed real estate investment trust. The Company is engaged in the ownership, acquisition and leasing of healthcare-related properties. It makes investments in healthcare-related real estate assets. As of December 31, 2016, its real estate portfolio included 154 skilled nursing facilities (SNFs), SNF Campuses, assisted living facilities and independent living facilities.

5 Day Chart for NASDAQ:CTRE

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