Press coverage about Caretrust REIT (NASDAQ:CTRE) has trended somewhat positive on Wednesday, according to Accern. The research group scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Caretrust REIT earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 45.5400364758275 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of equities research analysts have commented on CTRE shares. Stephens set a $19.00 price objective on shares of Caretrust REIT and gave the company a “buy” rating in a research report on Friday, January 12th. Stifel Nicolaus set a $17.00 target price on shares of Caretrust REIT and gave the company a “hold” rating in a research report on Wednesday, February 28th. ValuEngine downgraded shares of Caretrust REIT from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. BidaskClub downgraded shares of Caretrust REIT from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $15.00 target price on shares of Caretrust REIT in a research report on Tuesday, March 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $18.45.
Shares of Caretrust REIT (NASDAQ:CTRE) traded down $0.10 during trading on Wednesday, reaching $13.89. 654,985 shares of the company’s stock traded hands, compared to its average volume of 753,480. Caretrust REIT has a 52 week low of $12.96 and a 52 week high of $19.86. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $1,068.22, a P/E ratio of 38.58, a P/E/G ratio of 2.20 and a beta of 0.74.
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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