Media headlines about CareTrust REIT (NASDAQ:CTRE) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. CareTrust REIT earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 47.1716936360486 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- $0.29 EPS Expected for CareTrust REIT, Inc. (CTRE) This Quarter (americanbankingnews.com)
- CareTrust REIT Acquires Three Skilled Nursing Assets; Expands into Oregon (finance.yahoo.com)
- CareTrust REIT Expands Skilled Nursing Portfolio in Texas (finance.yahoo.com)
- CareTrust REIT Expands Skilled Nursing Portfolio in Idaho (finance.yahoo.com)
- HCP, CareTrust REIT Provide Updates After Hurricane Harvey (seniorhousingnews.com)
A number of research firms have commented on CTRE. BidaskClub raised shares of CareTrust REIT from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Zacks Investment Research raised shares of CareTrust REIT from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Tuesday, May 16th. BMO Capital Markets set a $18.00 price objective on shares of CareTrust REIT and gave the company a “buy” rating in a research note on Monday, May 15th. KeyCorp reaffirmed a “buy” rating and set a $20.00 price objective on shares of CareTrust REIT in a research note on Friday, August 25th. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $19.00 price objective (up from $17.00) on shares of CareTrust REIT in a research note on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $18.25.
CareTrust REIT (CTRE) traded up 1.13% during mid-day trading on Monday, hitting $19.68. 226,145 shares of the stock were exchanged. CareTrust REIT has a 12-month low of $12.70 and a 12-month high of $19.86. The stock has a market capitalization of $1.49 billion, a P/E ratio of 45.66 and a beta of 0.87. The firm has a 50-day moving average price of $18.70 and a 200-day moving average price of $17.78.
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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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