Caretrust REIT Inc (CTRE) was Initiated by Barclays to “Equal Weight” and the brokerage firm has set the Price Target at $16. Barclays advised their investors in a research report released on Aug 22, 2016.
Many Wall Street Analysts have commented on Caretrust REIT Inc. Company shares were Reiterated by Canaccord Genuity on Aug 15, 2016 to “Buy”, Firm has raised the Price Target to $ 18 from a previous price target of $16 .Caretrust REIT Inc was Initiated by Wells Fargo to “Market Perform” on Jul 26, 2016.
On the company’s financial health, Caretrust REIT Inc reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.26. The company had revenue of $25.70 million for the quarter, compared to analysts expectations of $24.21 million. The company’s revenue was up 47.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.
Caretrust REIT Inc closed down -0.18 points or -1.23% at $14.5 with 2,03,366 shares getting traded on Friday. Post opening the session at $14.66, the shares hit an intraday low of $14.44 and an intraday high of $14.89 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Nov 16, 2015, Gary B Sabin (director) purchased 20,000 shares at $10.25 per share price. According to the SEC, on Aug 17, 2015, William M Wagner (CFO) purchased 35,000 shares at $10.50 per share price. On Aug 17, 2015, Gregory K. Stapley (CEO) purchased 50,000 shares at $10.50 per share price, according to the Form-4 filing with the securities and exchange commission.
CareTrust REIT Inc. (CareTrust) is a self-administered self-managed real estate investment trust (REIT). The Company is engaged in the ownership acquisition and leasing of healthcare-related properties. The Company operates through an umbrella partnership in which all of the Company’s properties and assets are held through CTR Partnership L.P. (the Operating Partnership). The Operating Partnership is managed by CareTrust’s wholly owned subsidiary CareTrust GP LLC which is the sole general partner of the Operating Partnership. The Company’s portfolio consists of Skilled Nursing Facilities (SNF) Assisted Living Facilities (ALF) and Independent Living Facilities (ILF). The Company’s portfolio of SNFs ALFs and ILFs are diversified by geographic location throughout the western United States with concentrations in Texas and California.