Media stories about Caretrust REIT (NASDAQ:CTRE) have been trending somewhat positive on Monday, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Caretrust REIT earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.4858252020879 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of equities analysts have weighed in on the company. ValuEngine upgraded Caretrust REIT from a “sell” rating to a “hold” rating in a report on Friday, June 1st. BidaskClub upgraded Caretrust REIT from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Wells Fargo & Co set a $19.00 price target on Caretrust REIT and gave the stock a “buy” rating in a report on Thursday, May 31st. TheStreet upgraded Caretrust REIT from a “c+” rating to a “b-” rating in a research note on Friday, May 25th. Finally, Royal Bank of Canada increased their target price on Caretrust REIT from $15.00 to $16.00 and gave the company a “hold” rating in a research note on Thursday, May 24th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $17.78.
Shares of Caretrust REIT stock traded down $0.06 on Monday, hitting $16.89. 24,206 shares of the company’s stock traded hands, compared to its average volume of 543,194. The stock has a market cap of $1.29 billion, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 2.62 and a beta of 0.79. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.00. Caretrust REIT has a 52-week low of $12.73 and a 52-week high of $19.86.
Caretrust REIT (NASDAQ:CTRE) last released its earnings results on Tuesday, May 8th. The real estate investment trust reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.12). The business had revenue of $38.10 million for the quarter, compared to analysts’ expectations of $36.99 million. Caretrust REIT had a net margin of 21.50% and a return on equity of 5.03%. The business’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 earnings per share. equities analysts predict that Caretrust REIT will post 1.3 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend is Thursday, June 28th. Caretrust REIT’s dividend payout ratio (DPR) is currently 70.69%.
About Caretrust REIT
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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