CareTrust REIT (NASDAQ:CTRE) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Tuesday.
CTRE has been the topic of a number of other research reports. Capital One Financial initiated coverage on CareTrust REIT in a report on Monday, October 23rd. They set an “equal weight” rating and a $21.00 price objective on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $20.00 price objective on shares of CareTrust REIT in a report on Thursday, November 9th. KeyCorp reissued a “buy” rating and issued a $20.00 target price on shares of CareTrust REIT in a report on Friday, August 25th. Zacks Investment Research lowered CareTrust REIT from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $19.00 target price (up previously from $17.00) on shares of CareTrust REIT in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.38.
CareTrust REIT (NASDAQ CTRE) opened at $17.63 on Tuesday. CareTrust REIT has a twelve month low of $14.56 and a twelve month high of $19.86. The firm has a market capitalization of $1,343.83, a price-to-earnings ratio of 15.26, a P/E/G ratio of 3.80 and a beta of 0.77. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.81.
CareTrust REIT (NASDAQ:CTRE) last announced its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). CareTrust REIT had a return on equity of 5.76% and a net margin of 25.68%. The business had revenue of $32.90 million for the quarter, compared to analyst estimates of $32.91 million. During the same period in the prior year, the company earned $0.28 EPS. The company’s revenue was up 21.4% on a year-over-year basis. analysts expect that CareTrust REIT will post 1.16 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Riverhead Capital Management LLC boosted its stake in shares of CareTrust REIT by 90.7% during the second quarter. Riverhead Capital Management LLC now owns 5,529 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 2,629 shares during the last quarter. GAM Holding AG boosted its stake in shares of CareTrust REIT by 19.6% during the second quarter. GAM Holding AG now owns 6,100 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of CareTrust REIT by 7.5% during 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 last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of CareTrust REIT by 18.2% during 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 last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of CareTrust REIT by 24.5% during the second quarter. Daiwa Securities Group Inc. now owns 6,606 shares of the real estate investment trust’s stock valued at $122,000 after acquiring an additional 1,300 shares during the last quarter. 91.20% of the stock is currently owned by institutional investors and hedge funds.
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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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