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Fly News Breaks for September 3, 2019
CTRE
Sep 3, 2019 | 06:21 EDT
Barclays analyst Steve Valiquette started CareTrust REIT with an Overweight rating and $26 price target. The analyst beeves now is one of the more opportunistic times to be positive on real estate investment trusts tied to the skilled nursing facilities. His channel checks suggest the new Medicare PDPM reimbursement system for skilled nursing facilities starting starting October 1 is likely to provide a "material tailwind" to the sector.
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