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Caretrust REIT Inc (NASDAQ:CTRE) has been downgraded to Buy in a statement by BidaskClub earlier today.

BidaskClub has downgraded Caretrust REIT Inc (NASDAQ:CTRE) to Buy in a report released on 07/08/2017.

Yesterday Caretrust REIT Inc (NASDAQ:CTRE) traded 0.33% higher at $18.24. The company’s 50-day moving average is $18.35 and its 200-day moving average is $17.23. The last closing price is up 4.46% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time period. 445,986 shares of the stock traded hands, down from an average trading volume of 574,992

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Caretrust REIT Inc (NASDAQ:CTRE)

Caretrust REIT Inc has a 52 week low of $12.70 and a 52 week high of $19.86 with a P/E ratio of 41.76 The company’s market cap is currently $0.

In addition to BidaskClub reporting its stock price target, a total of 5 brokers have issued a report on the company. The average stock price target is $13.60 with 1 broker rating the stock a strong buy, 4 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Caretrust REIT Inc (NASDAQ: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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