BidaskClub upgraded shares of CareTrust REIT (NASDAQ:CTRE) from a sell rating to a hold rating in a research report released on Thursday.
Several other brokerages have also recently issued reports on CTRE. ValuEngine cut shares of CareTrust REIT from a buy rating to a hold rating in a research note on Friday, February 2nd. Stifel Nicolaus set a $17.00 price objective on shares of CareTrust REIT and gave the company a hold rating in a research note on Wednesday, February 28th. BMO Capital Markets reaffirmed a hold rating and set a $15.00 price objective on shares of CareTrust REIT in a research note on Tuesday, May 8th. Cantor Fitzgerald assumed coverage on shares of CareTrust REIT in a research note on Tuesday, May 8th. They issued a buy rating and a $16.00 price target for the company. Finally, Royal Bank of Canada reissued a hold rating and issued a $15.00 price target on shares of CareTrust REIT in a research note on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. CareTrust REIT has an average rating of Hold and a consensus target price of $17.78.
Shares of CareTrust REIT opened at $15.26 on Thursday, according to MarketBeat. CareTrust REIT has a 12-month low of $12.73 and a 12-month high of $19.86. The stock has a market cap of $1.16 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 2.36 and a beta of 0.70. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.34 and a quick ratio of 1.34.
CareTrust REIT (NASDAQ:CTRE) last announced its quarterly earnings data on Tuesday, May 8th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.12). CareTrust REIT had a net margin of 21.50% and a return on equity of 5.03%. The business had revenue of $38.10 million for the quarter, compared to analysts’ expectations of $36.99 million. During the same period in the prior year, the company posted $0.30 EPS. The firm’s revenue was up 24.5% on a year-over-year basis. equities analysts forecast that CareTrust REIT will post 1.29 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB grew its stake in shares of CareTrust REIT by 102.4% in the 1st quarter. Xact Kapitalforvaltning AB now owns 21,146 shares of the real estate investment trust’s stock valued at $283,000 after buying an additional 10,700 shares during the period. Legal & General Group Plc grew its stake in shares of CareTrust REIT by 11.1% in the 1st quarter. Legal & General Group Plc now owns 362,927 shares of the real estate investment trust’s stock valued at $4,867,000 after buying an additional 36,353 shares during the period. Millennium Management LLC grew its stake in shares of CareTrust REIT by 52.9% in the 1st quarter. Millennium Management LLC now owns 1,638,116 shares of the real estate investment trust’s stock valued at $21,951,000 after buying an additional 566,859 shares during the period. Amundi Pioneer Asset Management Inc. grew its stake in shares of CareTrust REIT by 47.2% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 218,943 shares of the real estate investment trust’s stock valued at $2,934,000 after buying an additional 70,169 shares during the period. Finally, Cubist Systematic Strategies LLC grew its stake in shares of CareTrust REIT by 66.1% in the 1st quarter. Cubist Systematic Strategies LLC now owns 32,090 shares of the real estate investment trust’s stock valued at $430,000 after buying an additional 12,770 shares during the period. 85.02% of the stock is owned by institutional investors and hedge funds.
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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