Today, CareTrust REIT’s (CTRE) Hold Rating Reiterate at JMP Securities

Today, CareTrust REIT’s (CTRE) Hold Rating Reiterate at JMP Securities

JMP Securities restated their hold rating on shares of CareTrust REIT Inc. (NASDAQ:CTRE) in a research report report published on Tuesday.

CTRE has been the topic of several other research reports. Wells Fargo & Co. assumed coverage on shares of CareTrust REIT in a research note on Tuesday, July 26th. They set a market perform rating on the stock. Barclays PLC assumed coverage on shares of CareTrust REIT in a research note on Monday, August 22nd. They set an equal weight rating and a $16.00 target price on the stock. Zacks Investment Research raised shares of CareTrust REIT from a hold rating to a buy rating and set a $15.00 target price on the stock in a research note on Friday, November 4th. Raymond James Financial Inc. assumed coverage on shares of CareTrust REIT in a research note on Thursday, August 25th. They set an outperform rating and a $13.50 target price on the stock. Finally, Stephens began coverage on shares of CareTrust REIT in a research note on Wednesday, September 14th. They set an overweight rating and a $16.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. CareTrust REIT has a consensus rating of Hold and an average price target of $15.42.

CareTrust REIT (NASDAQ:CTRE) opened at 14.21 on Tuesday. The firm’s 50-day moving average is $0.00 and its 200 day moving average is $0.00. CareTrust REIT has a one year low of $9.12 and a one year high of $15.88.

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of CareTrust REIT by 6.6% in the second quarter. Vanguard Group Inc. now owns 8,739,096 shares of the real estate investment trust’s stock valued at $120,424,000 after buying an additional 538,019 shares during the period. BlackRock Fund Advisors raised its stake in shares of CareTrust REIT by 8.7% in the third quarter. BlackRock Fund Advisors now owns 4,243,893 shares of the real estate investment trust’s stock valued at $62,725,000 after buying an additional 339,028 shares during the period. Keeley Asset Management Corp raised its stake in shares of CareTrust REIT by 204.1% in the second quarter. Keeley Asset Management Corp now owns 2,266,007 shares of the real estate investment trust’s stock valued at $31,226,000 after buying an additional 1,520,954 shares during the period. Bank of New York Mellon Corp raised its stake in shares of CareTrust REIT by 98.9% in the third quarter. Bank of New York Mellon Corp now owns 2,167,755 shares of the real estate investment trust’s stock valued at $32,039,000 after buying an additional 1,078,048 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of CareTrust REIT by 28.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,978,764 shares of the real estate investment trust’s stock valued at $25,130,000 after buying an additional 437,914 shares during the period. Hedge funds and other institutional investors own 86.35% of the company’s stock.

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