CareTrust REIT, Inc. (NASDAQ:CTRE) has earned a consensus rating of “Hold” from the ten analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $19.14.
CTRE has been the subject of a number of recent research reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $19.00 price target (up previously from $17.00) on shares of CareTrust REIT in a research report on Thursday, November 9th. Zacks Investment Research raised CareTrust REIT from a “sell” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Tuesday, October 24th. BidaskClub raised CareTrust REIT from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. KeyCorp reaffirmed a “buy” rating and set a $20.00 price target on shares of CareTrust REIT in a research report on Friday, August 25th. Finally, Capital One Financial reaffirmed an “equal weight” rating and set a $21.00 price target on shares of CareTrust REIT in a research report on Sunday, October 22nd.
CareTrust REIT (NASDAQ CTRE) traded down $0.07 during midday trading on Monday, reaching $17.63. The company had a trading volume of 331,767 shares, compared to its average volume of 533,806. CareTrust REIT has a twelve month low of $14.56 and a twelve month high of $19.86. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.81. The company has a market cap of $1,343.83, a PE ratio of 15.26, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77.
CareTrust REIT (NASDAQ:CTRE) last released its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). CareTrust REIT had a return on equity of 5.76% and a net margin of 25.68%. The firm had revenue of $32.90 million for the quarter, compared to analyst estimates of $32.91 million. During the same period last year, the company earned $0.28 EPS. The company’s revenue was up 21.4% compared to the same quarter last year. analysts anticipate that CareTrust REIT will post 1.16 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of CareTrust REIT by 6.4% in the 2nd quarter. Vanguard Group Inc. now owns 11,249,983 shares of the real estate investment trust’s stock valued at $208,575,000 after buying an additional 677,395 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of CareTrust REIT by 7.0% in the 2nd quarter. BlackRock Inc. now owns 9,911,033 shares of the real estate investment trust’s stock valued at $183,750,000 after buying an additional 645,109 shares during the last quarter. FMR LLC boosted its holdings in shares of CareTrust REIT by 8.8% in the 2nd quarter. FMR LLC now owns 6,865,434 shares of the real estate investment trust’s stock valued at $127,285,000 after buying an additional 553,735 shares during the last quarter. Wasatch Advisors Inc. boosted its holdings in shares of CareTrust REIT by 1.0% in the 2nd quarter. Wasatch Advisors Inc. now owns 3,408,826 shares of the real estate investment trust’s stock valued at $63,200,000 after buying an additional 34,737 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of CareTrust REIT by 12.6% in the 2nd quarter. State Street Corp now owns 1,963,432 shares of the real estate investment trust’s stock valued at $36,401,000 after buying an additional 219,997 shares during the last quarter. 91.20% of the stock is owned by institutional investors.
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CareTrust REIT Company Profile
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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