Shares of CareTrust REIT, Inc. (NASDAQ:CTRE) have been given an average recommendation of “Buy” by the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $19.38.
Several equities research analysts have recently weighed in on CTRE shares. KeyCorp reissued a “buy” rating and issued a $20.00 price objective on shares of CareTrust REIT in a report on Friday, August 25th. Capital One Financial Corporation started coverage on CareTrust REIT in a report on Monday, October 23rd. They issued an “equal weight” rating and a $21.00 price objective for the company. Zacks Investment Research raised CareTrust REIT from a “sell” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Tuesday, October 24th. BidaskClub raised CareTrust REIT from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $20.00 price objective on shares of CareTrust REIT in a report on Thursday, November 9th.
CareTrust REIT (NASDAQ:CTRE) traded down $0.20 during mid-day trading on Thursday, hitting $18.48. The stock had a trading volume of 451,400 shares, compared to its average volume of 541,050. The firm has a market capitalization of $1,420.00, a P/E ratio of 16.10, a P/E/G ratio of 3.98 and a beta of 0.72. CareTrust REIT has a 1-year low of $13.48 and a 1-year high of $19.86. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.60 and a quick ratio of 1.60.
CareTrust REIT (NASDAQ:CTRE) last posted its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). The firm had revenue of $32.90 million during the quarter, compared to analyst estimates of $32.91 million. CareTrust REIT had a net margin of 25.68% and a return on equity of 5.76%. CareTrust REIT’s revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 earnings per share. equities research analysts expect that CareTrust REIT will post 1.17 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the business. LS Investment Advisors LLC lifted its holdings in CareTrust REIT by 2.0% in the second quarter. LS Investment Advisors LLC now owns 7,062 shares of the real estate investment trust’s stock valued at $131,000 after acquiring an additional 138 shares during the period. Navellier & Associates Inc lifted its holdings in CareTrust REIT by 1.0% in the second quarter. Navellier & Associates Inc now owns 41,831 shares of the real estate investment trust’s stock valued at $776,000 after acquiring an additional 421 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in CareTrust REIT by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,277 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 437 shares during the period. Pinebridge Investments L.P. lifted its holdings in CareTrust REIT by 10.7% in the second quarter. Pinebridge Investments L.P. now owns 9,558 shares of the real estate investment trust’s stock valued at $177,000 after acquiring an additional 920 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its holdings in CareTrust REIT by 18.2% in the second quarter. Ameritas Investment Partners Inc. now owns 6,329 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 975 shares during the period. 88.24% of the stock is owned by institutional investors.
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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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