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Fly News Breaks for February 21, 2020
CTRE
Feb 21, 2020 | 05:08 EDT
CareTrust REIT lowered normalized funds from operations guidance to $1.32-$1.34 from $1.36-$1.38 driven by loan repayments and slightly higher spending, Stifel analyst Chad Vanacore tells investors in a research note. The analyst, however, does not view this revision as a resetting of expectations. He's encouraged by the acquisitions pace and "strong" balance sheet and believes the long term trend for CareTrust REIT shares will remain positive. He sees a buying opportunity and reiterates a Buy rating on the stock with a $23 price target.
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