A statement released earlier today by Barclays PLC about Caretrust REIT Inc (NASDAQ:CTRE) bumps the target price to $16.00
- Updated: September 17, 2016
Barclays PLC upped the target stock price of Caretrust REIT Inc (NASDAQ:CTRE) to $16, indicating a possible upside of 0.10%.
On 8/15/2016, Canaccord released a statement about Caretrust REIT Inc(NASDAQ:CTRE) upped the target price from $16.00 to $18.00 that suggested an upside of 0.19%.
Having a price of $14.50, Caretrust REIT Inc (NASDAQ:CTRE) traded 2.25% higher on the day. With the last close up 7.39% relative to the 200-day average, compared to the S&P 500 Index which has fallen -0.01% over the same period. CTRE has recorded a 50-day moving average of $14.76 and two hundred day moving average of $13.54. Trading volume was was up over the average, with 688,629 shares of CTRE changing hands over the typical 336,389 shares.
Caretrust REIT Inc has a P/E of 38 with a 52 week low of $9.12 and a one-year high of $15.88 and has a total market value of $0.0.
A total of 5 firms have issued a ratings update on the company. One firm rate the company a strong buy, four analysts rate the company a buy, one firm rate the stock a hold, 0 rate the company to underperform, and finally 0 brokeragesrate the company as sell with a one year target stock price of $13.60
General Company Details For Caretrust REIT Inc (NASDAQ:CTRE)
CareTrust REIT, Inc. is a self-administered, self-managed real estate investment trust (REIT). The Company is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company’s segment consists of investments in healthcare-related real estate assets. The Company’s real estate portfolio includes approximately 120 skilled nursing facilities (SNFs), assisted living facilities (ALFs) and independent living facilities (ILFs). The Company’s facilities leased to The Ensign Group, Inc. have a total of approximately 10, 120 beds and units, and are located in Arizona, California, Colorado, Idaho, Iowa, Nebraska, Nevada, Texas, Utah and Washington. Its facilities leased affiliates of Pristine Senior Living have a total of approximately 1, 260 beds and units, and are located in Ohio. Its other properties have a total of over 770 beds and units, and are located in Colorado, Florida, Georgia, Idaho, Minnesota, and Virginia and Washington.
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