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Short traders are more bullish on CareTrust REIT, Inc.as indicated by the downtick in short interest.
COPYRIGHT VIOLATION NOTICE: "CareTrust REIT, Inc". Riverhead Capital Management LLC boosted its position in shares of CareTrust REIT by 90.7% during the 2nd quarter. They now have a $10.50 target price on the stock, up from their previous target price of $10.00. GAM Holding AG boosted its position in shares of CareTrust REIT by 19.6% during the 2nd quarter. Bank of Montreal Can now owns 93,161 shares of the real estate investment trust's stock worth $1,567,000 after purchasing an additional 73,203 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of CareTrust REIT by 18.2% during the 2nd quarter. GAM Holding AG now owns 6,100 shares of the real estate investment trust's stock worth $113,000 after purchasing an additional 1,000 shares in the last quarter. Spirit of America Management Corp NY now owns 15,000 shares of the company's stock worth $134,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of CareTrust REIT by 3.5% in the first quarter.
A number of institutional investors have recently added to or reduced their stakes in GMRE. Global Medical REIT has a 12 month low of $6.73 and a 12 month high of $10.50. The company's stock had a trading volume of 485,941 shares. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 44.52 and a beta of 0.87. Shares are trading at $19.59 a tad above the 50 day moving average of $18.86 and which is slightly above the 200 day moving average of $17.88. KeyCorp reaffirmed a "buy" rating and issued a $20.00 price objective on shares of CareTrust REIT in a research note on Friday, August 25th. Zacks downgraded the shares of CTRE in report on Wednesday, August 12 to "Hold" rating. In an analyst report issued to clients on Monday morning, FBR Capital reiterated their "Buy" rating on shares of GMRE. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Zacks Investment Research lowered Global Medical REIT from a "hold" rating to a "sell" rating in a research note on Tuesday, November 15th. If you are reading this news story on another publication, it was copied illegally and republished in violation of global trademark & copyright legislation.
BMO Capital Markets has downgraded Caretrust REIT Inc (NASDAQ:CTRE) to Market Perform in a report released on 6/20/2017.
CareTrust REIT, Inc., launched on October 29, 2013, is a self-administered, self-managed real estate investment trust (REIT). The Company is engaged primarily in the acquisition and leasing of licensed purpose-built healthcare facilities in certain markets with various clinical operators. As of December 31, 2016, its real estate portfolio included 154 skilled nursing facilities (SNFs), SNF Campuses, assisted living facilities and independent living facilities.