CareTrust REIT, Inc. (NASDAQ:CTRE)‘s stock had its “equal weight” rating reaffirmed by research analysts at Capital One Financial Corporation in a research report issued on Sunday. Capital One Financial Corporation also issued estimates for CareTrust REIT’s Q3 2017 earnings at $0.29 EPS, Q4 2017 earnings at $0.30 EPS, FY2017 earnings at $1.17 EPS, Q1 2018 earnings at $0.31 EPS, Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $1.29 EPS, Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.36 EPS and FY2019 earnings at $1.41 EPS.

Several other equities research analysts have also recently commented on CTRE. Zacks Investment Research raised shares of CareTrust REIT from a “sell” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Tuesday. BidaskClub raised shares of CareTrust REIT from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $20.00 target price on shares of CareTrust REIT in a research report on Friday, August 25th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. CareTrust REIT presently has an average rating of “Buy” and an average target price of $19.00.

CareTrust REIT (NASDAQ:CTRE) opened at 18.79 on Friday. The stock’s 50 day moving average is $19.15 and its 200 day moving average is $18.52. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 43.60 and a beta of 0.85. CareTrust REIT has a one year low of $12.70 and a one year high of $19.86.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. LS Investment Advisors LLC lifted its position in CareTrust REIT by 2.0% during the 2nd quarter. LS Investment Advisors LLC now owns 7,062 shares of the real estate investment trust’s stock valued at $131,000 after acquiring an additional 138 shares during the period. Navellier & Associates Inc lifted its position in CareTrust REIT by 1.0% during the 2nd quarter. Navellier & Associates Inc now owns 41,831 shares of the real estate investment trust’s stock valued at $776,000 after acquiring an additional 421 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in CareTrust REIT by 7.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,277 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 437 shares during the period. Pinebridge Investments L.P. lifted its position in CareTrust REIT by 10.7% during the 2nd quarter. Pinebridge Investments L.P. now owns 9,558 shares of the real estate investment trust’s stock valued at $177,000 after acquiring an additional 920 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its position in CareTrust REIT by 18.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,329 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 975 shares during the period. 89.55% of the stock is owned by institutional investors.

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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