CareTrust REIT (CTRE) Receives News Impact Rating of 0.16
Press coverage about CareTrust REIT (NASDAQ:CTRE) has been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CareTrust REIT earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 47.273381126146 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Senior Housing Investments & Transactions: Sagora Senior Living, Senior Living Investment Brokerage (seniorhousingnews.com)
- CareTrust REIT Credit Ratings Upgraded by Moody’s Investors Service (finance.yahoo.com)
- CareTrust REIT Completes Seven-Facility Skilled Nursing Portfolio Acquisition in Idaho (finance.yahoo.com)
- CareTrust REIT Expands its Washington Portfolio (finance.yahoo.com)
- CareTrust REIT Expands Virginia Seniors Housing Portfolio (finance.yahoo.com)
CareTrust REIT (NASDAQ CTRE) traded down 1.0949% during midday trading on Thursday, reaching $18.9700. 349,606 shares of the company traded hands. CareTrust REIT has a 12-month low of $12.70 and a 12-month high of $19.86.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 3.90%. The ex-dividend date is Thursday, September 28th. CareTrust REIT’s dividend payout ratio is 164.45%.
CTRE has been the subject of a number of research reports. Zacks Investment Research raised shares of CareTrust REIT from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Monday, July 17th. BidaskClub downgraded shares of CareTrust REIT from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. KeyCorp reissued a “buy” rating and set a $20.00 price target on shares of CareTrust REIT in a report on Friday, August 25th. Finally, BMO Capital Markets downgraded shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $18.00 to $20.00 in a report on Tuesday, June 20th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $18.57.
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About CareTrust REIT
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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