CareTrust REIT, Inc. (NASDAQ:CTRE) received a $20.00 price target from investment analysts at KeyCorp in a research report issued on Sunday. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. KeyCorp’s target price would indicate a potential upside of 3.57% from the company’s previous close.

CTRE has been the topic of a number of other reports. Capital One Financial Corporation began coverage on shares of CareTrust REIT in a report on Monday, October 23rd. They set an “equal weight” rating and a $21.00 price objective on the stock. Zacks Investment Research raised shares of CareTrust REIT from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, BidaskClub downgraded shares of CareTrust REIT from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $19.00.

Shares of CareTrust REIT (NASDAQ CTRE) opened at 19.31 on Friday. CareTrust REIT has a 52-week low of $12.70 and a 52-week high of $19.86. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 44.80 and a beta of 0.86. The firm’s 50-day moving average is $19.13 and its 200 day moving average is $18.54.

COPYRIGHT VIOLATION WARNING: “CareTrust REIT, Inc. (CTRE) Given a $20.00 Price Target at KeyCorp” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/29/caretrust-reit-inc-ctre-stock-rating-reaffirmed-by-keycorp.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CTRE. BlackRock Inc. raised its stake in shares of CareTrust REIT by 2,476.7% during the 1st quarter. BlackRock Inc. now owns 9,265,924 shares of the real estate investment trust’s stock worth $155,855,000 after purchasing an additional 8,906,314 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of CareTrust REIT by 571.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,381,640 shares of the real estate investment trust’s stock worth $23,240,000 after purchasing an additional 1,175,847 shares during the period. Vanguard Group Inc. raised its stake in shares of CareTrust REIT by 6.4% during the 2nd quarter. Vanguard Group Inc. now owns 11,249,983 shares of the real estate investment trust’s stock worth $208,575,000 after purchasing an additional 677,395 shares during the period. Teachers Advisors LLC raised its stake in shares of CareTrust REIT by 624.1% during the 2nd quarter. Teachers Advisors LLC now owns 764,608 shares of the real estate investment trust’s stock worth $14,176,000 after purchasing an additional 659,012 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of CareTrust REIT by 368.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 827,763 shares of the real estate investment trust’s stock worth $15,337,000 after purchasing an additional 651,129 shares during the period. Institutional investors own 89.56% of the company’s stock.

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)

Receive News & Ratings for CareTrust REIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CareTrust REIT Inc. and related companies with MarketBeat.com's FREE daily email newsletter.