Caretrust REIT (CTRE) Downgraded by TheStreet
CTRE has been the subject of a number of other research reports. BidaskClub downgraded Caretrust REIT from a hold rating to a sell rating in a report on Saturday, December 2nd. Stephens set a $19.00 target price on Caretrust REIT and gave the company a buy rating in a report on Friday, January 12th. BMO Capital Markets restated a hold rating and set a $20.00 target price on shares of Caretrust REIT in a report on Thursday, November 9th. Wells Fargo & Co upgraded Caretrust REIT from a market perform rating to an outperform rating and set a $20.00 target price for the company in a report on Tuesday, December 19th. Finally, Zacks Investment Research downgraded Caretrust REIT from a hold rating to a sell rating in a report on Monday, January 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $19.56.
Shares of Caretrust REIT (NASDAQ CTRE) opened at $13.21 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market capitalization of $1,005.98, a P/E ratio of 36.69, a price-to-earnings-growth ratio of 2.09 and a beta of 0.75. Caretrust REIT has a 12-month low of $12.96 and a 12-month high of $19.86.
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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.
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