CareTrust REIT, Inc. (NASDAQ:CTRE) has been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $17.71.

CTRE has been the topic of a number of analyst reports. TheStreet upgraded shares of CareTrust REIT from a “c” rating to a “b” rating in a research report on Friday, May 5th. BMO Capital Markets restated a “buy” rating and issued a $18.00 price objective on shares of CareTrust REIT in a research report on Wednesday, April 12th. Canaccord Genuity boosted their price objective on shares of CareTrust REIT from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, March 30th. Zacks Investment Research upgraded shares of CareTrust REIT from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday, May 16th. Finally, Raymond James Financial, Inc. restated an “outperform” rating and issued a $19.00 price objective (up previously from $17.00) on shares of CareTrust REIT in a research report on Wednesday, May 17th.

CareTrust REIT (CTRE) traded up 0.52% during midday trading on Monday, reaching $19.43. The company’s stock had a trading volume of 477,223 shares. The company has a market cap of $1.41 billion, a PE ratio of 34.88 and a beta of 0.90. CareTrust REIT has a 12 month low of $12.70 and a 12 month high of $19.49. The stock has a 50-day moving average price of $18.06 and a 200 day moving average price of $16.33.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Wednesday, June 28th.

Several institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new position in shares of CareTrust REIT during the fourth quarter valued at about $2,380,000. Comerica Bank boosted its position in shares of CareTrust REIT by 17.3% in the fourth quarter. Comerica Bank now owns 68,214 shares of the real estate investment trust’s stock valued at $1,054,000 after buying an additional 10,064 shares in the last quarter. State Street Corp boosted its position in shares of CareTrust REIT by 29.6% in the fourth quarter. State Street Corp now owns 1,558,984 shares of the real estate investment trust’s stock valued at $23,883,000 after buying an additional 355,799 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of CareTrust REIT by 21.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 66,767 shares of the real estate investment trust’s stock valued at $1,023,000 after buying an additional 11,674 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of CareTrust REIT by 21.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 707,995 shares of the real estate investment trust’s stock valued at $10,846,000 after buying an additional 123,183 shares in the last quarter. Institutional investors own 86.92% of the company’s stock.

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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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