News coverage about CareTrust REIT (NASDAQ:CTRE) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CareTrust REIT earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.4432058440742 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
CTRE traded up $0.11 during midday trading on Friday, hitting $13.63. 514,802 shares of the company traded hands, compared to its average volume of 747,088. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.94. The company has a market cap of $1,037.76, a price-to-earnings ratio of 11.75, a PEG ratio of 2.13 and a beta of 0.70. CareTrust REIT has a 52-week low of $12.96 and a 52-week high of $19.86.
CareTrust REIT (NASDAQ:CTRE) last posted its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.28). The company had revenue of $36.60 million for the quarter, compared to analysts’ expectations of $34.73 million. CareTrust REIT had a net margin of 19.46% and a return on equity of 4.37%. research analysts forecast that CareTrust REIT will post 1.28 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 6.02%. This is an increase from CareTrust REIT’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, March 28th. CareTrust REIT’s dividend payout ratio (DPR) is presently 70.69%.
A number of analysts recently issued reports on CTRE shares. Stephens set a $19.00 price target on shares of CareTrust REIT and gave the stock a “buy” rating in a report on Friday, January 12th. ValuEngine downgraded shares of CareTrust REIT from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Stifel Nicolaus set a $17.00 price target on shares of CareTrust REIT and gave the stock a “hold” rating in a report on Wednesday, February 28th. BidaskClub downgraded shares of CareTrust REIT from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 12th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $15.00 price target on shares of CareTrust REIT in a report on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. CareTrust REIT presently has an average rating of “Hold” and an average price target of $18.00.
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CareTrust REIT Company Profile
CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties. With 186 net leased healthcare properties and three operated seniors housing properties in 24 states, CareTrust is pursuing opportunities across the nation to acquire properties that will be leased to a diverse group of local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses.
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