CareTrust REIT, Inc. (CTRE) Given Hold Rating at Stifel Nicolaus

Stifel Nicolaus reissued their hold rating on shares of CareTrust REIT, Inc. (NASDAQ:CTRE) in a research report report published on Thursday morning. The firm currently has a $19.00 target price on the real estate investment trust’s stock, up from their prior target price of $17.00.

CTRE has been the topic of a number of other research reports. Zacks Investment Research upgraded CareTrust REIT from a hold rating to a buy rating and set a $20.00 target price on the stock in a report on Monday, July 17th. KeyCorp restated a buy rating and issued a $20.00 target price on shares of CareTrust REIT in a report on Friday, August 25th. BidaskClub upgraded CareTrust REIT from a hold rating to a buy rating in a report on Saturday, August 19th. Finally, Capital One Financial Corporation reissued an equal weight rating and issued a $21.00 target price on shares of CareTrust REIT in a research report on Sunday, October 22nd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $19.38.

CareTrust REIT (CTRE) traded down $0.12 during trading on Thursday, reaching $18.65. The company’s stock had a trading volume of 422,900 shares, compared to its average volume of 542,883. The company has a market capitalization of $1,425.07, a P/E ratio of 16.18, a PEG ratio of 4.01 and a beta of 0.83. The company has a quick ratio of 3.06, a current ratio of 1.60 and a debt-to-equity ratio of 0.81. CareTrust REIT has a 1 year low of $13.36 and a 1 year high of $19.86.

CareTrust REIT (NASDAQ:CTRE) last released its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). CareTrust REIT had a return on equity of 5.76% and a net margin of 25.68%. The business had revenue of $32.90 million for the quarter, compared to analyst estimates of $32.91 million. During the same period in the prior year, the business earned $0.28 EPS. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. equities research analysts forecast that CareTrust REIT will post 1.17 EPS for the current year.

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The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date was Thursday, September 28th. CareTrust REIT’s dividend payout ratio (DPR) is presently 157.45%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its stake in shares of CareTrust REIT by 2.0% in the 3rd quarter. Wells Fargo & Company MN now owns 206,262 shares of the real estate investment trust’s stock valued at $3,927,000 after acquiring an additional 4,131 shares during the last quarter. Amalgamated Bank purchased a new position in shares of CareTrust REIT during the 3rd quarter worth approximately $197,000. Schroder Investment Management Group grew its holdings in shares of CareTrust REIT by 94.6% during the 3rd quarter. Schroder Investment Management Group now owns 19,270 shares of the real estate investment trust’s stock worth $365,000 after acquiring an additional 9,370 shares during the period. Virginia Retirement Systems ET AL grew its holdings in shares of CareTrust REIT by 38.7% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 106,900 shares of the real estate investment trust’s stock worth $2,035,000 after acquiring an additional 29,800 shares during the period. Finally, Legal & General Group Plc grew its holdings in shares of CareTrust REIT by 28.2% during the 3rd quarter. Legal & General Group Plc now owns 325,843 shares of the real estate investment trust’s stock worth $6,204,000 after acquiring an additional 71,579 shares during the period. 89.18% of the stock is owned by institutional investors.

About CareTrust REIT

CareTrust REIT, Inc is a self-administered, self-managed real estate investment trust. The Company is engaged in the ownership, acquisition and leasing of healthcare-related properties. It makes investments in healthcare-related real estate assets. As of December 31, 2016, its real estate portfolio included 154 skilled nursing facilities (SNFs), SNF Campuses, assisted living facilities and independent living facilities.

Analyst Recommendations for CareTrust REIT (NASDAQ:CTRE)

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