Headlines about Caretrust REIT (NASDAQ:CTRE) have trended somewhat positive recently, according to Alpha One Sentiment. The research group, a division of Accern, ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded 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 0.20 on Alpha One’s scale. Alpha One also assigned news articles about the real estate investment trust an impact score of 71 out of 100, indicating that recent news coverage is likely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Alpha One Sentiment’s scoring:
- Stocks With Rising Composite Ratings: CareTrust REIT (finance.yahoo.com)
- CareTrust REIT, Inc. (NASDAQ:CTRE) Files An 8-K Other Events (4-traders.com)
- Caretrust REIT Inc (CTRE) Given Outperform Rating at Raymond James Financial, Inc. (americanbankingnews.com)
- Caretrust REIT Inc (CTRE) Upgraded by Zacks Investment Research to “Buy” (americanbankingnews.com)
- Caretrust REIT Inc (CTRE) PT Set at $18.00 by BMO Capital Markets (americanbankingnews.com)
CTRE has been the subject of a number of research reports. Zacks Investment Research downgraded Caretrust REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Canaccord Genuity restated a “buy” rating and issued a $18.00 price target on shares of Caretrust REIT in a research report on Wednesday, February 8th. BMO Capital Markets restated a “buy” rating and issued a $16.00 price target on shares of Caretrust REIT in a research report on Monday, March 20th. Raymond James Financial, Inc. restated an “outperform” rating and issued a $19.00 price target (up from $17.00) on shares of Caretrust REIT in a research report on Wednesday. Finally, TheStreet upgraded Caretrust REIT from a “c” rating to a “b” rating in a research report on Friday, May 5th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $17.71.
Shares of Caretrust REIT (NASDAQ:CTRE) traded up 0.98% during trading on Friday, hitting $18.64. The stock had a trading volume of 173,591 shares. The company’s 50 day moving average price is $17.40 and its 200 day moving average price is $15.63. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 33.46 and a beta of 0.93. Caretrust REIT has a 12 month low of $12.53 and a 12 month high of $18.66.
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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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