CareTrust REIT, Inc. (NASDAQ:CTRE) has been given an average rating of “Hold” by the ten research firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $17.67.

Several research firms recently weighed in on CTRE. Zacks Investment Research cut shares of CareTrust REIT from a “buy” rating to a “hold” rating in a research note on Monday. BMO Capital Markets cut shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and increased their target price for the company from $18.00 to $20.00 in a research note on Tuesday, June 20th. Canaccord Genuity reiterated a “buy” rating and issued a $19.00 target price on shares of CareTrust REIT in a research note on Wednesday, May 3rd. TheStreet upgraded shares of CareTrust REIT from a “c” rating to a “b” rating in a research note on Friday, May 5th. Finally, BidaskClub cut shares of CareTrust REIT from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th.

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Hedge funds have recently bought and sold shares of the company. GAM Holding AG raised its stake in CareTrust REIT by 19.6% in the second quarter. GAM Holding AG now owns 6,100 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 1,000 shares during the last quarter. LS Investment Advisors LLC raised its stake in CareTrust REIT by 231.5% in the first quarter. LS Investment Advisors LLC now owns 6,924 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 4,835 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in CareTrust REIT by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,277 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 437 shares during the last quarter. State of Alaska Department of Revenue raised its stake in CareTrust REIT by 4.6% in the first quarter. State of Alaska Department of Revenue now owns 7,310 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 320 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in CareTrust REIT by 24.5% in the second quarter. Daiwa Securities Group Inc. now owns 6,606 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 1,300 shares during the last quarter. 87.47% of the stock is owned by institutional investors.

Shares of CareTrust REIT (CTRE) traded up 0.39% on Tuesday, hitting $18.19. The company’s stock had a trading volume of 222,990 shares. The stock has a market capitalization of $1.38 billion, a P/E ratio of 42.20 and a beta of 0.88. The stock’s 50 day moving average price is $18.54 and its 200 day moving average price is $17.14. CareTrust REIT has a 52 week low of $12.70 and a 52 week high of $19.86.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 4.07%. The ex-dividend date was Wednesday, June 28th.

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.

Analyst Recommendations for CareTrust REIT (NASDAQ:CTRE)

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