Shares of CareTrust REIT Inc. (NASDAQ:CTRE) have earned an average rating of “Hold” from the nine brokerages that are presently covering the company. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $14.88.

CTRE has been the subject of several recent analyst reports. Zacks Investment Research upgraded CareTrust REIT from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday, August 10th. Canaccord Genuity boosted their target price on CareTrust REIT from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, August 15th. Barclays PLC assumed coverage on CareTrust REIT in a report on Monday, August 22nd. They set an “equal weight” rating and a $16.00 target price for the company. Raymond James Financial Inc. assumed coverage on CareTrust REIT in a report on Thursday, August 25th. They set an “outperform” rating and a $13.50 target price for the company. Finally, Stephens assumed coverage on CareTrust REIT in a report on Wednesday, September 14th. They set an “overweight” rating and a $16.00 target price for the company.

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Shares of CareTrust REIT (NASDAQ:CTRE) opened at 14.15 on Monday. CareTrust REIT has a 12-month low of $9.12 and a 12-month high of $15.88. The firm’s 50-day moving average is $0.00 and its 200-day moving average is $0.00.

Institutional investors have recently added to or reduced their stakes in the company. PineBridge Investments L.P. boosted its position in CareTrust REIT by 29.8% in the second quarter. PineBridge Investments L.P. now owns 7,345 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 1,687 shares in the last quarter. Teacher Retirement System of Texas boosted its position in CareTrust REIT by 35.2% in the second quarter. Teacher Retirement System of Texas now owns 8,017 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 2,086 shares in the last quarter. Sei Investments Co. bought a new position in CareTrust REIT during the second quarter worth $120,000. Hillsdale Investment Management Inc. bought a new position in CareTrust REIT during the second quarter worth $121,000. Finally, Legal & General Group Plc boosted its position in CareTrust REIT by 30.1% in the second quarter. Legal & General Group Plc now owns 9,176 shares of the real estate investment trust’s stock worth $124,000 after buying an additional 2,125 shares in the last quarter. Hedge funds and other institutional investors own 76.69% of the company’s stock.

CareTrust REIT Company Profile

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

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