CareTrust REIT (CTRE) Getting Somewhat Favorable Media Coverage, Report Shows
Headlines about CareTrust REIT (NASDAQ:CTRE) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CareTrust REIT earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.8887721833662 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several research firms have recently commented on CTRE. BidaskClub raised shares of CareTrust REIT from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Zacks Investment Research raised shares of CareTrust REIT from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. BMO Capital Markets downgraded shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $18.00 to $20.00 in a report on Tuesday, June 20th. Finally, KeyCorp reissued a “buy” rating and issued a $20.00 target price on shares of CareTrust REIT in a report on Friday, August 25th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $18.57.
CareTrust REIT (CTRE) traded up 0.60% during trading on Tuesday, hitting $19.16. 266,171 shares of the stock traded hands. CareTrust REIT has a 52-week low of $12.70 and a 52-week high of $19.86.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a dividend of $0.185 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.74 annualized dividend and a yield of 3.86%. CareTrust REIT’s dividend payout ratio (DPR) is presently 164.45%.
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About CareTrust REIT
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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