CareTrust REIT, Inc. (NASDAQ:CTRE) has been assigned a $20.00 price objective by investment analysts at KeyCorp in a research report issued on Sunday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. KeyCorp’s target price would suggest a potential upside of 4.71% from the stock’s current price.
CTRE has been the subject of a number of other reports. Capital One Financial Corporation assumed coverage on CareTrust REIT in a research note on Monday, October 23rd. They issued an “equal weight” rating and a $21.00 target price for the company. Zacks Investment Research upgraded CareTrust REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. Finally, BidaskClub lowered CareTrust REIT from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $19.00.
CareTrust REIT (NASDAQ:CTRE) opened at 19.10 on Friday. The firm has a 50-day moving average of $19.12 and a 200-day moving average of $18.57. CareTrust REIT has a 12-month low of $12.70 and a 12-month high of $19.86.
A number of large investors have recently made changes to their positions in the business. New York State Teachers Retirement System grew its position in CareTrust REIT by 2.6% in the third quarter. New York State Teachers Retirement System now owns 128,681 shares of the real estate investment trust’s stock valued at $2,450,000 after acquiring an additional 3,300 shares during the period. Crossmark Global Holdings Inc. bought a new stake in CareTrust REIT in the third quarter valued at $399,000. First Trust Advisors LP grew its position in CareTrust REIT by 45.3% in the third quarter. First Trust Advisors LP now owns 110,897 shares of the real estate investment trust’s stock valued at $2,111,000 after acquiring an additional 34,570 shares during the period. Strs Ohio grew its position in CareTrust REIT by 2.5% in the third quarter. Strs Ohio now owns 116,247 shares of the real estate investment trust’s stock valued at $2,213,000 after acquiring an additional 2,858 shares during the period. Finally, Navellier & Associates Inc grew its position in CareTrust REIT by 1.0% in the second quarter. Navellier & Associates Inc now owns 41,831 shares of the real estate investment trust’s stock valued at $776,000 after acquiring an additional 421 shares during the period. Hedge funds and other institutional investors own 89.56% 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.
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