Shares of Caretrust REIT Inc (NASDAQ:CTRE) have been given a consensus recommendation of “Buy” by the ten analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $23.00.
CTRE has been the topic of several research analyst reports. Stifel Nicolaus raised Protagonist Therapeutics from a “hold” rating to a “buy” rating and boosted their price target for the stock from $11.00 to $17.00 in a research note on Wednesday, May 8th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$28.00 target price on shares of Northland Power in a research note on Tuesday, April 9th. Raymond James reaffirmed a “buy” rating on shares of Kelt Exploration in a research note on Friday, May 31st. BidaskClub lowered Zynga from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Finally, Zacks Investment Research raised HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a research note on Friday, May 17th.
Shares of NASDAQ:CTRE remained flat at $$23.82 during trading on Tuesday. The stock had a trading volume of 512,500 shares, compared to its average volume of 951,532. The business’s 50-day simple moving average is $24.25. The stock has a market cap of $2.30 billion, a P/E ratio of 18.61 and a beta of 0.79. The company has a debt-to-equity ratio of 0.84, a current ratio of 15.94 and a quick ratio of 15.94. Caretrust REIT has a fifty-two week low of $16.29 and a fifty-two week high of $25.54.
Caretrust REIT (NASDAQ:CTRE) last announced its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). The firm had revenue of $39.66 million for the quarter, compared to analysts’ expectations of $40.79 million. Caretrust REIT had a return on equity of 8.08% and a net margin of 37.46%. Caretrust REIT’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $0.32 EPS. As a group, sell-side analysts anticipate that Caretrust REIT will post 1.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend was Thursday, June 27th. Caretrust REIT’s payout ratio is currently 70.31%.
Hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC lifted its stake in Caretrust REIT by 685.3% in the 1st quarter. Quadrant Capital Group LLC now owns 2,733 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 2,385 shares in the last quarter. Advisor Group Inc. lifted its stake in Caretrust REIT by 60.4% in the 4th quarter. Advisor Group Inc. now owns 4,168 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 1,570 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new stake in Caretrust REIT in the 4th quarter valued at approximately $89,000. Nisa Investment Advisors LLC purchased a new stake in Caretrust REIT in the 1st quarter valued at approximately $92,000. Finally, First Quadrant L P CA purchased a new stake in Caretrust REIT in the 1st quarter valued at approximately $127,000. 83.60% of the stock is currently owned by hedge funds and other institutional investors.
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 199 net-leased healthcare properties and three operated seniors housing properties in 27 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.
Recommended Story: Trading Stocks – What are percentage gainers?
Receive News & Ratings for Caretrust REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caretrust REIT and related companies with MarketBeat.com's FREE daily email newsletter.