Could Caretrust Reit Inc (NASDAQ:CTRE) Go Up After Its Newest Short Interest Report?

April 24, 2018 - By Dolores Ford

CareTrust REIT, Inc. (NASDAQ:CTRE) Logo

The stock of Caretrust Reit Inc (NASDAQ:CTRE) registered an increase of 31.11% in short interest. CTRE’s total short interest was 3.15 million shares in April as published by FINRA. Its up 31.11% from 2.40M shares, reported previously. With 849,100 shares average volume, it will take short sellers 4 days to cover their CTRE’s short positions. The short interest to Caretrust Reit Inc’s float is 4.2%.

The stock increased 0.08% or $0.01 during the last trading session, reaching $12.88. About 623,398 shares traded. CareTrust REIT, Inc. (NASDAQ:CTRE) has declined 16.26% since April 24, 2017 and is downtrending. It has underperformed by 27.81% the S&P500.

CareTrust REIT, Inc. is a real estate investment trust. The company has market cap of $980.66 million. The firm invests in real estate markets of the United States. It has a 36.8 P/E ratio. It is engaged in the ownership, acquisition, development and leasing of seniors housing and healthcare-related properties.

CareTrust REIT, Inc. (NASDAQ:CTRE) Ratings Coverage

Among 7 analysts covering CareTrust REIT (NASDAQ:CTRE), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. CareTrust REIT had 12 analyst reports since October 27, 2017 according to SRatingsIntel. The stock of CareTrust REIT, Inc. (NASDAQ:CTRE) earned “Hold” rating by Stifel Nicolaus on Wednesday, February 28. Stephens maintained it with “Buy” rating and $16.0 target in Monday, March 5 report. BMO Capital Markets maintained the stock with “Hold” rating in Thursday, November 9 report. The firm has “Hold” rating by BMO Capital Markets given on Tuesday, January 9. Cantor Fitzgerald initiated the shares of CTRE in report on Monday, March 5 with “Buy” rating. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, November 9 report. RBC Capital Markets maintained it with “Hold” rating and $15.0 target in Tuesday, March 6 report. The firm has “Buy” rating given on Friday, January 12 by Stephens. The firm has “Hold” rating by BMO Capital Markets given on Monday, March 26. KeyBanc Capital Markets maintained CareTrust REIT, Inc. (NASDAQ:CTRE) rating on Friday, October 27. KeyBanc Capital Markets has “Buy” rating and $20.0 target.

CareTrust REIT, Inc. (NASDAQ:CTRE) Ratings Chart

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