Several other brokerages have also issued reports on CTRE. Stifel Nicolaus set a $26.00 price target on shares of Caretrust REIT and gave the company a “buy” rating in a research note on Wednesday, May 8th. Zacks Investment Research raised shares of Caretrust REIT from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Thursday, May 9th. BMO Capital Markets lifted their target price on shares of Caretrust REIT from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Finally, Raymond James downgraded shares of Caretrust REIT from a “strong-buy” rating to a “market perform” rating and set a $25.00 price objective for the company. in a report on Friday, May 31st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $23.00.
CTRE opened at $24.29 on Tuesday. Caretrust REIT has a one year low of $16.29 and a one year high of $25.54. The company has a market cap of $2.30 billion, a PE ratio of 18.98 and a beta of 0.85. The company has a current ratio of 15.94, a quick ratio of 15.94 and a debt-to-equity ratio of 0.84.
Several hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB purchased a new position in shares of Caretrust REIT during the first quarter worth approximately $4,305,000. C M Bidwell & Associates Ltd. bought a new stake in Caretrust REIT in the first quarter valued at $65,000. Eii Capital Management Inc. boosted its holdings in Caretrust REIT by 55.6% in the first quarter. Eii Capital Management Inc. now owns 8,116 shares of the real estate investment trust’s stock valued at $190,000 after acquiring an additional 2,899 shares in the last quarter. SEI Investments Co boosted its holdings in shares of Caretrust REIT by 337.4% during the 1st quarter. SEI Investments Co now owns 262,067 shares of the real estate investment trust’s stock valued at $6,149,000 after buying an additional 202,155 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Caretrust REIT by 153.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,312,403 shares of the real estate investment trust’s stock valued at $30,789,000 after buying an additional 795,143 shares in the last quarter. Institutional investors own 84.72% 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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