Shares of Caretrust REIT Inc (NASDAQ:CTRE) have received an average rating of “Buy” from the ten ratings firms that are covering the firm. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $17.71.

Several analysts have recently commented on CTRE shares. Zacks Investment Research cut shares of Caretrust REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, January 31st. Canaccord Genuity reissued a “buy” rating and set a $18.00 price target on shares of Caretrust REIT in a research note on Wednesday, February 8th. BMO Capital Markets reissued a “buy” rating and set a $16.00 price target on shares of Caretrust REIT in a research note on Monday, March 20th. TheStreet raised shares of Caretrust REIT from a “c” rating to a “b” rating in a research note on Friday, May 5th. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and set a $19.00 price target (up from $17.00) on shares of Caretrust REIT in a research note on Wednesday, May 17th.

Shares of Caretrust REIT (NASDAQ:CTRE) traded up 0.27% during midday trading on Tuesday, reaching $18.47. The company had a trading volume of 352,033 shares. Caretrust REIT has a 12 month low of $12.53 and a 12 month high of $18.66. The firm’s 50 day moving average price is $17.50 and its 200-day moving average price is $15.73. The company has a market capitalization of $1.34 billion, a P/E ratio of 33.16 and a beta of 0.93.

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A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Caretrust REIT by 5.6% in the first quarter. Vanguard Group Inc. now owns 10,572,588 shares of the real estate investment trust’s stock worth $177,831,000 after buying an additional 562,080 shares during the last quarter. BlackRock Inc. boosted its position in shares of Caretrust REIT by 2,476.7% in the first quarter. BlackRock Inc. now owns 9,265,924 shares of the real estate investment trust’s stock worth $155,855,000 after buying an additional 8,906,314 shares during the last quarter. FMR LLC boosted its position in shares of Caretrust REIT by 1,036.2% in the first quarter. FMR LLC now owns 6,311,699 shares of the real estate investment trust’s stock worth $106,163,000 after buying an additional 5,756,172 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Caretrust REIT by 4.9% in the first quarter. Bank of New York Mellon Corp now owns 2,452,402 shares of the real estate investment trust’s stock worth $41,250,000 after buying an additional 113,591 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Caretrust REIT by 10.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,868,986 shares of the real estate investment trust’s stock worth $27,624,000 after buying an additional 172,544 shares during the last quarter. 77.45% of the stock is currently owned by hedge funds and other institutional investors.

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.

12 Month Chart for NASDAQ:CTRE

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