Caretrust REIT (NYSE:CTRE) Lowered to Hold Rating by Wall Street Zen

Caretrust REIT (NYSE:CTRE) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Caretrust REIT Price Performance

Shares of CTRE opened at $28.81 on Friday. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 31.32 and a beta of 0.83.

About Caretrust REIT

CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.