Caretrust Reit Inc (NASDAQ:CTRE) Can’t Be More Risky. Short Interest Increased

April 24, 2018 - By Richard Conner

CareTrust REIT, Inc. (NASDAQ:CTRE) Logo

The stock of Caretrust Reit Inc (NASDAQ:CTRE) registered an increase of 31.11% in short interest. CTRE’s total short interest was 3.15M shares in April as published by FINRA. Its up 31.11% from 2.40M shares, reported previously. With 849,100 shares average volume, it will take short sellers 4 days to cover their CTRE’s short positions. The short interest to Caretrust Reit Inc’s float is 4.2%.

The stock increased 0.08% or $0.01 during the last trading session, reaching $12.88. About 623,398 shares traded. CareTrust REIT, Inc. (NASDAQ:CTRE) has declined 16.26% since April 24, 2017 and is downtrending. It has underperformed by 27.81% the S&P500.

CareTrust REIT, Inc. is a real estate investment trust. The company has market cap of $980.66 million. The firm invests in real estate markets of the United States. It has a 36.8 P/E ratio. It is engaged in the ownership, acquisition, development and leasing of seniors housing and healthcare-related properties.

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

Among 7 analysts covering CareTrust REIT (NASDAQ:CTRE), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. CareTrust REIT had 12 analyst reports since October 27, 2017 according to SRatingsIntel. Stephens maintained it with “Buy” rating and $16.0 target in Monday, March 5 report. BMO Capital Markets maintained the stock with “Hold” rating in Thursday, November 9 report. Stifel Nicolaus maintained CareTrust REIT, Inc. (NASDAQ:CTRE) rating on Thursday, November 9. Stifel Nicolaus has “Hold” rating and $19.0 target. The firm earned “Overweight” rating on Tuesday, March 6 by KeyBanc Capital Markets. Cantor Fitzgerald initiated CareTrust REIT, Inc. (NASDAQ:CTRE) rating on Monday, March 5. Cantor Fitzgerald has “Buy” rating and $16.0 target. The stock has “Hold” rating by BMO Capital Markets on Monday, March 26. The rating was maintained by RBC Capital Markets on Tuesday, March 6 with “Hold”. The company was maintained on Friday, January 12 by Stephens. The stock of CareTrust REIT, Inc. (NASDAQ:CTRE) earned “Hold” rating by BMO Capital Markets on Tuesday, January 9. The company was maintained on Wednesday, February 28 by Stifel Nicolaus.

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

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