CareTrust REIT slips after increased $640 mln share sale
** Shares of CareTrust REIT CTRE.N down 1.7% at $32.42 before the bell after overnight follow-on priced
** Skilled nursing, senior housing operator late Tues announced 20 mln shares at $32 for $640 mln gross raise
** Offering size boosted from 15.5 mln shares, and priced at 3% discount to stock's last close
** Co plans to use net offering proceeds to fund new investments, repay borrowings on its revolver
** JP Morgan, BofA and RBC are joint lead bookrunners
** San Clemente, California-based CTRE has 200.3 mln shares outstanding for ~$6.6 bln market cap
** Through Tues, shares up 22% YTD. Stock hit intraday record high of $33.52 last Thurs
** All 7 analysts covering CTRE are bullish and median PT is $33, per LSEG data
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