Shares of CareTrust REIT, Inc. (NASDAQ:CTRE) have been given an average rating of “Buy” by the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $19.38.
Several brokerages have commented on CTRE. Stifel Nicolaus restated a “hold” rating and issued a $19.00 price objective (up from $17.00) on shares of CareTrust REIT in a report on Thursday, November 9th. KeyCorp restated a “buy” rating and issued a $20.00 price objective on shares of CareTrust REIT in a report on Friday, August 25th. Capital One Financial Corporation began coverage on shares of CareTrust REIT in a report on Monday, October 23rd. They issued an “equal weight” rating and a $21.00 price objective for the company. Zacks Investment Research upgraded shares of CareTrust REIT from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, BidaskClub upgraded shares of CareTrust REIT from a “hold” rating to a “buy” rating in a report on Saturday, August 19th.
Shares of CareTrust REIT (CTRE) traded down $0.04 on Thursday, reaching $18.64. 394,967 shares of the company’s stock traded hands, compared to its average volume of 372,152. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.81. CareTrust REIT has a twelve month low of $13.57 and a twelve month high of $19.86. The stock has a market capitalization of $1,415.20, a price-to-earnings ratio of 16.07, a PEG ratio of 3.98 and a beta of 0.83.
CareTrust REIT (NASDAQ:CTRE) last issued its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.28 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $32.90 million during the quarter, compared to analysts’ expectations of $32.91 million. During the same quarter last year, the business earned $0.28 earnings per share. The business’s quarterly revenue was up 21.4% on a year-over-year basis. analysts anticipate that CareTrust REIT will post 1.17 earnings per share for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC lifted its holdings in shares of CareTrust REIT by 90.7% during the second quarter. Riverhead Capital Management LLC now owns 5,529 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 2,629 shares during the last quarter. GAM Holding AG lifted its holdings in shares of CareTrust REIT by 19.6% during the second quarter. GAM Holding AG now owns 6,100 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of CareTrust REIT by 7.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,277 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 437 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of CareTrust REIT by 18.2% during the second quarter. Ameritas Investment Partners Inc. now owns 6,329 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 975 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of CareTrust REIT by 24.5% during the second quarter. Daiwa Securities Group Inc. now owns 6,606 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.
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.
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