Favorable Media Coverage Somewhat Unlikely to Impact Caretrust REIT (CTRE) Share Price

News coverage about Caretrust REIT (NASDAQ:CTRE) has been trending positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Caretrust REIT earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.6623922729723 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news articles that may have effected Accern’s scoring:

A number of analysts have recently commented on CTRE shares. Wells Fargo & Co upgraded Caretrust REIT from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research report on Tuesday, December 19th. BidaskClub cut Caretrust REIT from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. Zacks Investment Research cut Caretrust REIT from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. KeyCorp set a $20.00 target price on Caretrust REIT and gave the stock a “buy” rating in a research report on Sunday, October 29th. Finally, Stephens set a $19.00 target price on Caretrust REIT and gave the stock a “buy” rating in a research report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $19.78.

Shares of Caretrust REIT (NASDAQ:CTRE) opened at $14.90 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.81. Caretrust REIT has a 52-week low of $14.30 and a 52-week high of $19.86. The company has a market capitalization of $1,131.25, a PE ratio of 31.70, a PEG ratio of 2.29 and a beta of 0.55.

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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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