CareTrust REIT (NASDAQ:CTRE) PT Raised to $27.00 at Deutsche Bank Aktiengesellschaft

CareTrust REIT (NASDAQ:CTRE) had its price target boosted by research analysts at Deutsche Bank Aktiengesellschaft from $23.00 to $27.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 6.47% from the stock’s previous close.

A number of other equities analysts have also commented on CTRE. Wedbush started coverage on CareTrust REIT in a research note on Wednesday, May 29th. They issued a “neutral” rating and a $26.00 price objective on the stock. Wells Fargo & Company boosted their price objective on CareTrust REIT from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 30th. Finally, KeyCorp boosted their price objective on CareTrust REIT from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, CareTrust REIT has a consensus rating of “Moderate Buy” and an average target price of $25.00.

CareTrust REIT Price Performance

CareTrust REIT stock opened at $25.36 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 12.80 and a current ratio of 12.80. The firm has a market cap of $3.60 billion, a P/E ratio of 48.77 and a beta of 1.09. The business’s fifty day moving average is $25.10 and its two-hundred day moving average is $23.64. CareTrust REIT has a 52 week low of $19.25 and a 52 week high of $26.43.

Hedge Funds Weigh In On CareTrust REIT

Hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC lifted its stake in CareTrust REIT by 113.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,388 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 739 shares during the period. GAMMA Investing LLC lifted its stake in CareTrust REIT by 187.7% in the second quarter. GAMMA Investing LLC now owns 1,752 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 1,143 shares during the period. USA Financial Formulas acquired a new position in CareTrust REIT in the fourth quarter valued at about $67,000. AlphaMark Advisors LLC lifted its stake in CareTrust REIT by 245.2% in the fourth quarter. AlphaMark Advisors LLC now owns 3,625 shares of the real estate investment trust’s stock valued at $81,000 after buying an additional 2,575 shares during the period. Finally, Covestor Ltd lifted its stake in CareTrust REIT by 114,366.7% in the first quarter. Covestor Ltd now owns 6,868 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 6,862 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

About CareTrust REIT

CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.