Stocks in Focus: Caretrust REIT Inc (NASDAQ:CTRE), Time Inc (NYSE:TIME)

On Friday, Shares of Caretrust REIT Inc (NASDAQ:CTRE), included 1.03% and shut at $13.76 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $13.57 and $13.84. The business’ commercial center capitalization is $861.46 million with the aggregate fabulous loads of 63.58 million. CareTrust REIT, Inc. (CTRE) declared the pricing of its underwritten public offering of 5,500,000 shares of common stock at a price to the public of $13.35 per share. The offering is expected to close on November 18, 2016, subject to customary closing conditions. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 825,000 shares of common stock.

The Company intends to contribute the net proceeds to CTR Partnership, L.P., its operating partnership, which in turn intends to use the net proceeds to fund pending acquisitions and may, in the interim, repay borrowings outstanding on the Company’s revolving credit facility.

Shares of Time Inc (NYSE:TIME), added 1.10% and shut at $13.75 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $13.25 and $13.83. The association’s commercial center capitalization is $1.40 Billion with the general uncommon loads of 99.35 million. Time Inc.’s Essence will join forces with Tina Knowles-Lawson, Solange Knowles and Kelly Rowland, with support from Beyoncé and BeyGOOD, to host Love on Louisiana: An Essence Hometown Heroes Tribute celebrating the resilience of the Baton Rouge community.

The holiday dinner and awards ceremony, set at Raising Cane’s River Center, will honor standout students and teachers for their commitment to serving and rebuilding their communities. With support from the City of Baton Rouge and the State of Louisiana, the event will serve as a call to action to raise $1 million to assist families recover in the wake of this summer’s catastrophic flooding, which produced 7 trillion gallons of water—three times the rainfall total of Hurricane Katrina.

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