News coverage about CareTrust REIT (NASDAQ:CTRE) has trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CareTrust REIT earned a news sentiment score of 0.04 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 47.3646260471996 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several research firms recently commented on CTRE. BidaskClub cut CareTrust REIT from a “hold” rating to a “sell” rating in a report on Saturday, December 2nd. Zacks Investment Research cut CareTrust REIT from a “buy” rating to a “hold” rating in a report on Tuesday, November 21st. BMO Capital Markets reaffirmed a “hold” rating and issued a $20.00 price target on shares of CareTrust REIT in a report on Thursday, November 9th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.00 price target (up previously from $17.00) on shares of CareTrust REIT in a report on Thursday, November 9th. Finally, KeyCorp set a $20.00 price objective on CareTrust REIT and gave the stock a “buy” rating in a research report on Sunday, October 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. CareTrust REIT currently has a consensus rating of “Hold” and a consensus target price of $19.38.
CareTrust REIT (NASDAQ CTRE) opened at $17.63 on Tuesday. The firm has a market capitalization of $1,343.83, a P/E ratio of 15.26, a P/E/G ratio of 3.80 and a beta of 0.77. CareTrust REIT has a 52-week low of $14.56 and a 52-week high of $19.86. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.60 and a quick ratio of 1.60.
CareTrust REIT (NASDAQ:CTRE) last issued its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.28 earnings per share 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 during the quarter, compared to analysts’ expectations of $32.91 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue was up 21.4% on a year-over-year basis. analysts anticipate that CareTrust REIT will post 1.16 EPS for the current fiscal year.
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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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