Caretrust REIT Inc (NASDAQ:CTRE) was upgraded by stock analysts at TheStreet from a “c” rating to a “b” rating in a report released on Friday, May 5th.
Several other research analysts have also recently weighed in on CTRE. Zacks Investment Research upgraded shares of Caretrust REIT from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Tuesday, January 10th. Canaccord Genuity reiterated a “buy” rating and set a $18.00 target price on shares of Caretrust REIT in a research report on Wednesday, February 8th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $16.00 target price on shares of Caretrust REIT in a research report on Monday, March 20th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Caretrust REIT presently has an average rating of “Buy” and an average price target of $17.71.
Caretrust REIT (NASDAQ:CTRE) traded down 0.11% during mid-day trading on Friday, reaching $18.44. The company’s stock had a trading volume of 700,859 shares. The firm’s 50 day moving average price is $17.40 and its 200 day moving average price is $15.63. Caretrust REIT has a 52 week low of $12.53 and a 52 week high of $18.66. The firm has a market capitalization of $1.34 billion, a P/E ratio of 33.11 and a beta of 0.93.
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Institutional investors have recently made changes to their positions in the company. LS Investment Advisors LLC raised its position in shares of Caretrust REIT by 231.5% in the first quarter. LS Investment Advisors LLC now owns 6,924 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 4,835 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Caretrust REIT by 4.6% in the first quarter. State of Alaska Department of Revenue now owns 7,310 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 320 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Caretrust REIT by 166.7% in the first quarter. ProShare Advisors LLC now owns 31,254 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 19,537 shares during the last quarter. Sei Investments Co. raised its position in shares of Caretrust REIT by 27.2% in the third quarter. Sei Investments Co. now owns 10,983 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 2,348 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Caretrust REIT during the first quarter worth $185,000. 77.45% of the stock is owned by hedge funds and other institutional investors.
About Caretrust REIT
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.
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