CareTrust REIT, Inc. (CTRE) Declines Again; Strong Momentum for Sellers

February 12, 2018 - By Linda Rogers

The stock of CareTrust REIT, Inc. (NASDAQ:CTRE) is a huge mover today! The stock decreased 2.06% or $0.31 during the last trading session, reaching $14.73. About 395,489 shares traded. CareTrust REIT, Inc. (NASDAQ:CTRE) has risen 46.70% since February 12, 2017 and is uptrending. It has outperformed by 30.00% the S&P500.
The move comes after 7 months negative chart setup for the $1.12 billion company. It was reported on Feb, 12 by Barchart.com. We have $13.40 PT which if reached, will make NASDAQ:CTRE worth $100.62M less.

CareTrust REIT, Inc. (NASDAQ:CTRE) Ratings Coverage

Among 10 analysts covering Caretrust REIT (NASDAQ:CTRE), 4 have Buy rating, 0 Sell and 6 Hold. Therefore 40% are positive. Caretrust REIT had 23 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, January 9 by BMO Capital Markets. The firm has “Buy” rating given on Thursday, August 3 by Canaccord Genuity. The company was maintained on Thursday, August 3 by BMO Capital Markets. The firm earned “Buy” rating on Friday, October 27 by KeyBanc Capital Markets. The stock has “Buy” rating by Stephens on Friday, January 12. The firm earned “Outperform” rating on Thursday, September 24 by RBC Capital Markets. The stock of CareTrust REIT, Inc. (NASDAQ:CTRE) has “Hold” rating given on Wednesday, August 12 by Zacks. The stock of CareTrust REIT, Inc. (NASDAQ:CTRE) earned “Hold” rating by Stifel Nicolaus on Thursday, November 9. As per Wednesday, September 14, the company rating was initiated by Stephens. The company was initiated on Monday, August 24 by Raymond James.

More important recent CareTrust REIT, Inc. (NASDAQ:CTRE) news were published by: Globenewswire.com which released: “CareTrust REIT, Inc. Announces Tax Treatment of 2017 Dividends” on January 23, 2018, also Globenewswire.com published article titled: “CareTrust REIT Announces Quarterly Dividend of $0.185 per Share”, Globenewswire.com published: “CareTrust REIT Announces Third Quarter 2017 Operating Results” on November 08, 2017. More interesting news about CareTrust REIT, Inc. (NASDAQ:CTRE) was released by: Globenewswire.com and their article: “CareTrust REIT Expands into Montana” with publication date: February 05, 2018.

CareTrust REIT, Inc. is a real estate investment trust. The company has market cap of $1.12 billion. The firm invests in real estate markets of the United States. It has a 32.09 P/E ratio. It is engaged in the ownership, acquisition, development and leasing of seniors housing and healthcare-related properties.

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