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Caretrust REIT Inc (NDAQ:CTRE) target price raised to $21.00, reported today by Capital One

Yesterday Caretrust REIT Inc (NDAQ:CTRE) traded -0.62% lower at $19.18. The company’s 50-day moving average is $19.17 and its 200-day moving average is $18.48. The last stock close price is up 3.74% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 65,201 shares of the stock were exchanged, down from an average trading volume of 467,494

Caretrust REIT Inc (NDAQ:CTRE) had its target price raised to $21.00 by Capital One in a report released Monday October 23, 2017. The new target price indicates a possible upside of 0.09% based on the company's last stock close price.

Previously on 6/20/2017, BMO Capital Markets reported about Caretrust REIT Inc (NDAQ:CTRE) raised the target price from $18.00 to $20.00. At the time, this indicated a possible upside of 0.04%.

See Chart Below

Caretrust REIT Inc (NDAQ: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 44.48 The company’s market cap is currently $0.

In addition to Capital One reporting its target price, a total of 5 firms have reported on the stock. The consensus target price is $13.60 with 1 firm rating the stock a strong buy, 4 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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