CareTrust REIT, Inc. (NASDAQ:CTRE) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Saturday.

CTRE has been the subject of a number of other research reports. TheStreet upgraded CareTrust REIT from a “c” rating to a “b” rating in a research note on Friday, May 5th. BMO Capital Markets lowered CareTrust REIT from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $18.00 to $20.00 in a research note on Tuesday, June 20th. Zacks Investment Research upgraded CareTrust REIT from a “sell” rating to a “hold” rating in a research note on Thursday, May 4th. Canaccord Genuity reiterated a “buy” rating and set a $19.00 price objective on shares of CareTrust REIT in a research note on Wednesday, May 3rd. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and set a $19.00 price objective (up previously from $17.00) on shares of CareTrust REIT in a research note on Wednesday, May 17th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $18.00.

CareTrust REIT (NASDAQ:CTRE) traded down 0.05% during trading on Friday, hitting $18.86. The stock had a trading volume of 489,507 shares. CareTrust REIT has a 52-week low of $12.70 and a 52-week high of $19.86.

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Several institutional investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new position in shares of CareTrust REIT during the second quarter valued at $281,000. Wasatch Advisors Inc. raised its position in shares of CareTrust REIT by 1.0% in the second quarter. Wasatch Advisors Inc. now owns 3,408,826 shares of the real estate investment trust’s stock valued at $63,200,000 after buying an additional 34,737 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of CareTrust REIT during the second quarter valued at $229,000. Piedmont Investment Advisors LLC acquired a new position in shares of CareTrust REIT during the second quarter valued at $291,000. Finally, Ameritas Investment Partners Inc. raised its position in shares of CareTrust REIT by 18.2% in the second quarter. Ameritas Investment Partners Inc. now owns 6,329 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 975 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

CareTrust REIT Company Profile

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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