CareTrust REIT, Inc. (CTRE) saw a big move last session, as the company’s shares fell nearly 34% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for CTRE, as the stock is down nearly 25% since Nov 28.
This Equity Trust company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
CTRE currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the REIT industry include Ashford Hospitality Trust, Inc. (AHT), Corrections Corporation of America (CXW) and Arbor Realty Trust Inc. (ABR). While Ashford Hospitality and Corrections Corporation hold a Zacks Rank #1 (Buy), Arbor Realty Trust carries a Zacks Rank #2 (Buy).
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CARETRUST REIT INC (CTRE): Free Stock Analysis Report
ASHFORD HOSPITALITY TR INC (AHT): Free Stock Analysis Report
ARBOR RLTY TR INC (ABR): Free Stock Analysis Report
CORRECTIONS CORP AMERICA (CXW): Free Stock Analysis Report
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