Boasting a price of $19.26, Caretrust REIT Inc (NDAQ:CTRE) traded 0.41% higher on the day. With the last stock price close up 9.56% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Caretrust REIT Inc has recorded a 50-day average of $18.86 and a two hundred day average of $17.88. Volume of trade was up over the average, with 1,640,323 shares of CTRE changing hands over the typical 517,405
BMO Capital Markets bumped up the target of Caretrust REIT Inc (NDAQ:CTRE) to $20.00 stating a potential upside of 0.04%.
On 05/18/2017, Raymond James Financial released a statement for Caretrust REIT Inc (NDAQ:CTRE) bumped up the target price from $17.00 to $19.00 that suggested an upside of 0.03%.
With a total market value of $0, Caretrust REIT Inc has price-earnings ratio of 45.45 with a one year low of $12.70 and a one year high of $19.86 .
A total of 5 equity analysts have released a ratings update on CTRE. One equity analyst rating the company a strong buy, four equity analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $13.60.
Brief Synopsis About Caretrust REIT Inc (NDAQ:CTRE)
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. As of December 31, 2016, the 93 facilities leased to The Ensign Group, Inc. had a total of 9,916 beds and units and are located in Arizona, California, Colorado, Idaho, Iowa, Nebraska, Nevada, Texas, Utah and Washington; the 16 facilities leased to affiliates of Pristine Senior Living, LLC had a total of 1,488 beds and units; and the 42 remaining leased properties had a total of 3,515 beds and units and are located in California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Maryland, Michigan, Minnesota, North Carolina, Texas, Virginia, Washington and Wisconsin.
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