CareTrust REIT, Inc. (NASDAQ:CTRE) has been assigned a consensus recommendation of “Hold” from the ten analysts that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $18.33.

Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of CareTrust REIT from a “buy” rating to a “hold” rating in a report on Monday, August 7th. BidaskClub raised shares of CareTrust REIT from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Finally, KeyCorp reaffirmed a “buy” rating and set a $20.00 target price on shares of CareTrust REIT in a report on Friday, August 25th.

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CareTrust REIT (NASDAQ:CTRE) traded up 0.31% during mid-day trading on Friday, hitting $19.29. 347,014 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $19.17 and its 200-day moving average price is $18.48. The stock has a market cap of $1.46 billion, a PE ratio of 43.84 and a beta of 0.85. CareTrust REIT has a 12 month low of $12.70 and a 12 month high of $19.86.

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Thursday, September 28th. CareTrust REIT’s dividend payout ratio (DPR) is presently 164.45%.

Institutional investors have recently made changes to their positions in the business. IndexIQ Advisors LLC grew its holdings in CareTrust REIT by 22.7% in the 2nd quarter. IndexIQ Advisors LLC now owns 86,619 shares of the real estate investment trust’s stock worth $1,606,000 after acquiring an additional 15,999 shares during the last quarter. Citigroup Inc. grew its holdings in CareTrust REIT by 12.3% in the 2nd quarter. Citigroup Inc. now owns 81,318 shares of the real estate investment trust’s stock worth $1,508,000 after acquiring an additional 8,909 shares during the last quarter. Mason Street Advisors LLC grew its holdings in CareTrust REIT by 10.0% in the 1st quarter. Mason Street Advisors LLC now owns 15,484 shares of the real estate investment trust’s stock worth $260,000 after acquiring an additional 1,410 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in CareTrust REIT in the 2nd quarter worth $313,000. Finally, Bank of America Corp DE grew its holdings in CareTrust REIT by 191.4% in the 1st quarter. Bank of America Corp DE now owns 765,382 shares of the real estate investment trust’s stock worth $12,873,000 after acquiring an additional 502,765 shares during the last quarter. 89.39% of the stock is currently owned by institutional investors and hedge funds.

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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