CareTrust REIT falls after starting share offering
BUZZ-CareTrust REIT falls after starting share offering ** Shares of CareTrust REIT CTRE.N down 2.2% at $37.76 post-market after planned equity offering news
** Skilled nursing, senior housing REIT launches 17 mln share offering
** Co expects to enter into forward sale agreements with BofA and Morgan Stanley
** Upon settlement of agreements, it intends to use net proceeds for general corp purposes, including potential future acquisitions or investments, or debt repayment
** BofA, Morgan Stanley, JP Morgan and Wells Fargo are joint bookrunners for offering
** Dana Point, California-based CTRE has ~257.66 mln shares outstanding
** Stock closed down 0.6% at $38.61 on Weds, up ~7% YTD
** Avg rating of 15 analysts is "buy" and their median PT is $44, per LSEG data
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com ))
Recent news on Bank of America
See all newsUS bank overdraft fees jump 9% to four-year high, data shows (updated)
Utility Southern Company bounces after $1.75 bln convertible offering
US bank overdraft fees jump 9% to four-year high, data shows
Utility Southern Company edges down after announcing $1.75 bln mandatory convertible
Brief: Related Ross Names Bank Of America Official Bank Of CityPlace