A number of other equities research analysts also recently issued reports on CTRE. BMO Capital Markets reissued a buy rating and set a $26.00 price target on shares of Caretrust REIT in a research report on Wednesday, August 7th. Zacks Investment Research raised Caretrust REIT from a hold rating to a buy rating and set a $25.00 target price on the stock in a report on Wednesday. Berenberg Bank initiated coverage on Caretrust REIT in a report on Thursday, September 12th. They issued a buy rating and a $29.00 target price on the stock. ValuEngine downgraded Caretrust REIT from a buy rating to a hold rating in a report on Thursday, August 1st. Finally, Barclays initiated coverage on Caretrust REIT in a report on Tuesday, September 3rd. They issued an overweight rating and a $26.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of $25.50.
CTRE traded down $0.96 on Friday, hitting $20.51. 3,289,200 shares of the company were exchanged, compared to its average volume of 886,366. The company has a market cap of $2.16 billion, a PE ratio of 16.02 and a beta of 0.66. Caretrust REIT has a 12 month low of $17.71 and a 12 month high of $25.54. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.97 and a current ratio of 0.97. The stock’s fifty day moving average is $23.52 and its 200-day moving average is $23.84.
The firm also recently announced a — dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.225 dividend. This represents a dividend yield of 3.9%. The ex-dividend date was Friday, September 27th. Caretrust REIT’s dividend payout ratio is presently 70.31%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Asset Management L.P. bought a new position in shares of Caretrust REIT in the 2nd quarter valued at $36,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of Caretrust REIT in the 2nd quarter valued at $71,000. Meridian Wealth Management LLC bought a new position in Caretrust REIT during the 2nd quarter worth $95,000. Russell Investments Group Ltd. bought a new position in Caretrust REIT during the 2nd quarter worth $146,000. Finally, Nvwm LLC bought a new position in Caretrust REIT during the 2nd quarter worth $151,000. Institutional investors own 89.83% of the company’s stock.
About Caretrust REIT
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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