JMP Securities reiterated their hold rating on shares of CareTrust REIT Inc. (NASDAQ:CTRE) in a research report sent to investors on Tuesday morning.

A number of other analysts have also recently commented on the stock. Zacks Investment Research cut shares of CareTrust REIT from a buy rating to a hold rating in a research note on Thursday, November 10th. Canaccord Genuity restated a buy rating on shares of CareTrust REIT in a research note on Thursday, November 3rd. Barclays PLC restated a hold rating and set a $16.00 price target on shares of CareTrust REIT in a research note on Thursday, November 3rd. Stephens assumed coverage on shares of CareTrust REIT in a research note on Wednesday, September 14th. They set an overweight rating and a $16.00 price target on the stock. Finally, Raymond James Financial Inc. began coverage on shares of CareTrust REIT in a research note on Thursday, August 25th. They set an outperform rating and a $13.50 price target on the stock. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. CareTrust REIT has an average rating of Hold and a consensus target price of $15.42.

Shares of CareTrust REIT (NASDAQ:CTRE) traded down 0.391% during mid-day trading on Tuesday, reaching $14.254. 62,638 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $0.00 and a 200 day moving average price of $0.00. CareTrust REIT has a 52-week low of $9.12 and a 52-week high of $15.88.

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in CareTrust REIT by 6.6% in the second quarter. Vanguard Group Inc. now owns 8,739,096 shares of the real estate investment trust’s stock valued at $120,424,000 after buying an additional 538,019 shares in the last quarter. BlackRock Fund Advisors raised its position in CareTrust REIT by 8.7% in the third quarter. BlackRock Fund Advisors now owns 4,243,893 shares of the real estate investment trust’s stock valued at $62,725,000 after buying an additional 339,028 shares in the last quarter. Keeley Asset Management Corp raised its position in CareTrust REIT by 204.1% in the second quarter. Keeley Asset Management Corp now owns 2,266,007 shares of the real estate investment trust’s stock valued at $31,226,000 after buying an additional 1,520,954 shares in the last quarter. Bank of New York Mellon Corp raised its position in CareTrust REIT by 98.9% in the third quarter. Bank of New York Mellon Corp now owns 2,167,755 shares of the real estate investment trust’s stock valued at $32,039,000 after buying an additional 1,078,048 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in CareTrust REIT by 28.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,978,764 shares of the real estate investment trust’s stock valued at $25,130,000 after buying an additional 437,914 shares in the last quarter. 86.35% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This article was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.thecerbatgem.com/2016/11/23/caretrust-reits-ctre-hold-rating-reaffirmed-at-jmp-securities.html.

About CareTrust REIT

CareTrust REIT, Inc is a self-administered, self-managed real estate investment trust (REIT). The Company is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company’s segment consists of investments in healthcare-related real estate assets. The Company’s real estate portfolio includes approximately 120 skilled nursing facilities (SNFs), assisted living facilities (ALFs) and independent living facilities (ILFs).

5 Day Chart for NASDAQ:CTRE

Receive News & Stock 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 stocks with our FREE daily email newsletter.