Shares of Caretrust REIT Inc (NASDAQ:CTRE) have been assigned an average recommendation of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $17.67.

Several equities research analysts recently commented on the company. TheStreet raised Caretrust REIT from a “c” rating to a “b” rating in a report on Friday, May 5th. BidaskClub raised Caretrust REIT from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 15th. BMO Capital Markets cut Caretrust REIT from an “outperform” rating to a “market perform” rating and increased their price target for the company from $18.00 to $20.00 in a report on Tuesday, June 20th. Zacks Investment Research cut Caretrust REIT from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $19.00 price target on shares of Caretrust REIT in a report on Wednesday, May 3rd.

Caretrust REIT (CTRE) traded up 0.33% during mid-day trading on Tuesday, reaching $18.00. The company’s stock had a trading volume of 445,986 shares. Caretrust REIT has a 12-month low of $12.70 and a 12-month high of $19.86.

The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a $0.185 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.74 annualized dividend and a dividend yield of 4.11%.

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Caretrust REIT by 9.1% in the second quarter. Dimensional Fund Advisors LP now owns 949,207 shares of the real estate investment trust’s stock valued at $17,598,000 after buying an additional 79,261 shares during the period. Virtu KCG Holdings LLC acquired a new stake in Caretrust REIT during the second quarter valued at about $302,000. Renaissance Technologies LLC boosted its stake in Caretrust REIT by 75.5% in the second quarter. Renaissance Technologies LLC now owns 670,300 shares of the real estate investment trust’s stock valued at $12,427,000 after buying an additional 288,400 shares during the period. Ramsey Quantitative Systems acquired a new stake in Caretrust REIT during the second quarter valued at about $337,000. Finally, EAM Investors LLC acquired a new stake in Caretrust REIT during the second quarter valued at about $1,434,000. 87.47% of the stock is owned by institutional investors.

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Caretrust REIT Company Profile

CareTrust REIT, Inc is a self-administered, self-managed real estate investment trust. The Company is engaged in the ownership, acquisition and leasing of healthcare-related properties. It makes investments in healthcare-related real estate assets. As of December 31, 2016, its real estate portfolio included 154 skilled nursing facilities (SNFs), SNF Campuses, assisted living facilities and independent living facilities.

Analyst Recommendations for Caretrust REIT (NASDAQ:CTRE)

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