Headlines about Caretrust REIT (NASDAQ:CTRE) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news 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 coverage optimism score of 0.21 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.3290558024559 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s scoring:
Several research firms have recently commented on CTRE. ValuEngine downgraded Caretrust REIT from a “buy” rating to a “hold” rating in a research report on Friday. Capital One Financial reissued an “equal weight” rating and set a $21.00 price target on shares of Caretrust REIT in a research report on Sunday, October 22nd. Stifel Nicolaus reissued 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. BidaskClub downgraded Caretrust REIT from a “hold” rating to a “sell” rating in a research report on Saturday, December 2nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $20.00 target price on shares of Caretrust REIT in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Caretrust REIT presently has a consensus rating of “Hold” and an average price target of $19.78.
Shares of Caretrust REIT (NASDAQ:CTRE) traded up $0.02 during trading hours on Friday, reaching $15.37. The company had a trading volume of 496,953 shares, compared to its average volume of 719,228. The company has a market cap of $1,206.41 and a price-to-earnings ratio of 32.70. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.60 and a current ratio of 1.60. Caretrust REIT has a twelve month low of $14.71 and a twelve month high of $19.86.
Caretrust REIT (NASDAQ:CTRE) last announced its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). Caretrust REIT had a return on equity of 7.42% and a net margin of 34.33%. The company had revenue of $32.90 million for the quarter, compared to the consensus estimate of $32.91 million. During the same period in the prior year, the business earned $0.28 earnings per share. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. equities analysts anticipate that Caretrust REIT will post 1.16 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend was Thursday, December 28th. Caretrust REIT’s dividend payout ratio (DPR) is presently 157.45%.
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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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