Keybanc has decided to maintain its Overweight rating of CareTrust REIT (NASDAQ:CTRE) and lower its price target from $25.00 to $23.00.
Shares of CareTrust REIT are trading down 1.86% over the last 24 hours, at $16.32 per share.
A move to $23.00 would account for a 40.93% increase from the current share price.
About CareTrust REIT
CareTrust REIT Inc is a self-administered, publicly-traded REIT engaged in the ownership, acquisition, development, and leasing of seniors housing and healthcare-related properties. The company operates as a REIT that invests in income-producing healthcare-related properties. It generates revenues primarily by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements.
About Analyst Ratings
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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
