Caretrust REIT Inc (NASDAQ:CTRE) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Caretrust REIT Inc (NASDAQ:CTRE) have earned a consensus recommendation of “Hold” from the eleven research firms that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $21.29.
CTRE has been the topic of several analyst reports. TheStreet lowered shares of Caretrust REIT from a “b-” rating to a “c+” rating in a research note on Thursday, April 2nd. BidaskClub upgraded shares of Caretrust REIT from a “sell” rating to a “hold” rating in a research note on Thursday, May 28th. Berenberg Bank lowered shares of Caretrust REIT from a “buy” rating to a “hold” rating and set a $24.00 price target on the stock. in a research note on Friday, February 28th. Wells Fargo & Co dropped their price target on shares of Caretrust REIT from $24.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, March 26th. Finally, Mizuho upgraded shares of Caretrust REIT from an “underperform” rating to a “neutral” rating and dropped their price target for the stock from $19.00 to $13.00 in a research note on Monday, April 6th.
Shares of NASDAQ:CTRE traded up $0.68 during mid-day trading on Friday, hitting $19.65. The stock had a trading volume of 72,641 shares, compared to its average volume of 730,760. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $1.82 billion, a PE ratio of 36.48 and a beta of 1.04. Caretrust REIT has a 12-month low of $7.16 and a 12-month high of $25.30. The company’s 50 day moving average is $17.16 and its 200-day moving average is $19.20.
Large investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. grew its position in Caretrust REIT by 455.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,501 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,231 shares during the period. Nvwm LLC raised its holdings in Caretrust REIT by 95.2% in the 1st quarter. Nvwm LLC now owns 4,100 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 2,000 shares during the period. Advisor Group Inc. raised its holdings in Caretrust REIT by 5.6% in the 4th quarter. Advisor Group Inc. now owns 9,919 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 528 shares during the period. Eii Capital Management Inc. raised its holdings in Caretrust REIT by 20.3% in the 1st quarter. Eii Capital Management Inc. now owns 10,054 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 1,696 shares during the period. Finally, Hancock Whitney Corp acquired a new position in Caretrust REIT in the 4th quarter worth about $235,000. Institutional investors and hedge funds own 90.86% of the company’s stock.
Caretrust REIT Company Profile
CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties. With 199 net-leased healthcare properties and three operated seniors housing properties in 27 states, CareTrust is pursuing opportunities across the nation to acquire properties that will be leased to a diverse group of local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses.
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