Today’s Stock On Watch: Caretrust Reit Incorporated (NASDAQ:CTRE) Stock Is Shorted More

November 30, 2016 - By Ruchi Gupta   ·   0 Comments

Today's Stock On Watch: Caretrust Reit Incorporated (NASDAQ:CTRE) Stock Is Shorted More

The stock of Caretrust Reit Incorporated (NASDAQ:CTRE) registered an increase of 10.39% in short interest. CTRE’s total short interest was 1.83M shares in November as published by FINRA. Its up 10.39% from 1.66 million shares, reported previously. With 215,300 shares average volume, it will take short sellers 9 days to cover their CTRE’s short positions. The short interest to Caretrust Reit Incorporated’s float is 3.22%. About 190,546 shares traded hands. Caretrust REIT Inc (NASDAQ:CTRE) has risen 9.97% since April 27, 2016 and is uptrending. It has outperformed by 4.74% the S&P500.

CareTrust REIT, Inc. is a self-administered, self-managed real estate investment trust . The company has a market cap of $910.32 million. The Firm is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. It has a 29.23 P/E ratio. The Company’s segment consists of investments in healthcare-related real estate assets.

Caretrust REIT Inc (NASDAQ:CTRE) Ratings Coverage

Out of 8 analysts covering Caretrust REIT (NASDAQ:CTRE), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Caretrust REIT has been the topic of 10 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by KeyBanc Capital Markets on Thursday, September 10. The stock of Caretrust REIT Inc (NASDAQ:CTRE) earned “Buy” rating by Canaccord Genuity on Monday, August 15. Zacks downgraded the stock to “Hold” rating in Wednesday, August 12 report. The firm has “Outperform” rating given on Thursday, January 14 by BMO Capital Markets. The rating was initiated by Barclays Capital on Monday, August 22 with “Equal-Weight”. The stock of Caretrust REIT Inc (NASDAQ:CTRE) has “Outperform” rating given on Monday, August 24 by Raymond James. On Tuesday, July 26 the stock rating was initiated by Wells Fargo with “Market Perform”. The rating was initiated by JMP Securities on Monday, October 24 with “Mkt Perform”. As per Wednesday, September 14, the company rating was initiated by Stephens. The company was initiated on Thursday, September 24 by RBC Capital Markets.

CTRE Company Profile

CareTrust REIT, Inc., incorporated on October 29, 2013, is a self-administered, self-managed real estate investment trust (REIT). The Firm is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company’s segment consists of investments in healthcare-related real estate assets. The Company’s real estate portfolio includes approximately 120 skilled nursing facilities (SNFs), assisted living facilities (ALFs) and independent living facilities (ILFs). The Company’s portfolio has approximately 100 SNFs, over 20 ALFs and approximately four ILFs. The Company’s facilities leased to The Ensign Group, Inc. have a total of approximately 10,120 beds and units, and are located in Arizona, California, Colorado, Idaho, Iowa, Nebraska, Nevada, Texas, Utah and Washington. The Company’s facilities leased affiliates of Pristine Senior Living have a total of approximately 1,260 beds and units, and are located in Ohio. The Company’s other properties have a total of over 770 beds and units, and are located in Colorado, Florida, Georgia, Idaho, Minnesota, Virginia and Washington. The Company’s ILFs have a total of approximately 260 units and are located in Texas and Utah.

More recent Caretrust REIT Inc (NASDAQ:CTRE) news were published by: Globenewswire.com which released: “CareTrust REIT, Inc. Announces Third Quarter 2016 Operating Results” on November 02, 2016. Also Globenewswire.com published the news titled: “CareTrust REIT Expands Skilled Nursing Portfolio in Northern California” on August 02, 2016. Globenewswire.com‘s news article titled: “CareTrust REIT, Inc. Announces Tax Treatment of 2015 Dividends” with publication date: August 08, 2014 was also an interesting one.

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By Ruchi Gupta


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