CareTrust REIT (CTRE) Earning Somewhat Favorable News Coverage, Report Shows

News stories about CareTrust REIT (NASDAQ:CTRE) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CareTrust REIT earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.6360399391108 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

Shares of CareTrust REIT (CTRE) opened at 18.86 on Friday. CareTrust REIT has a one year low of $12.70 and a one year high of $19.86.

Several research analysts have recently weighed in on CTRE shares. Raymond James Financial, Inc. restated 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. Zacks Investment Research upgraded shares of CareTrust REIT from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Tuesday, May 16th. Canaccord Genuity restated a “buy” rating and set a $19.00 price objective on shares of CareTrust REIT in a research note on Wednesday, May 3rd. BidaskClub lowered shares of CareTrust REIT from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, BMO Capital Markets set a $18.00 price objective on shares of CareTrust REIT and gave the stock a “buy” rating in a research note on Monday, May 15th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $18.00.

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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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