Press coverage about Caretrust REIT (NASDAQ:CTRE) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Caretrust REIT earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 45.9671622561675 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of equities analysts have recently commented on CTRE shares. Capital One Financial started coverage on shares of Caretrust REIT in a report on Monday, October 23rd. They set an “equal weight” rating and a $21.00 price objective for the company. BidaskClub downgraded shares of Caretrust REIT from a “hold” rating to a “sell” rating in a report on Saturday, December 2nd. Wells Fargo & Co raised shares of Caretrust REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a report on Tuesday, December 19th. 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. Finally, Zacks Investment Research raised shares of 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.78.
Caretrust REIT (CTRE) traded down $0.26 on Friday, reaching $15.43. 648,184 shares of the company’s stock traded hands, compared to its average volume of 593,216. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.81. The firm has a market cap of $1,191.23, a PE ratio of 32.83, a PEG ratio of 2.41 and a beta of 0.77. Caretrust REIT has a 52-week low of $14.71 and a 52-week high of $19.86.
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 consensus estimate of $0.29 by ($0.01). The company 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%. The company’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 EPS. sell-side analysts expect that Caretrust REIT will post 1.16 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 4.80%. The ex-dividend date is Thursday, December 28th. Caretrust REIT’s payout ratio is presently 157.45%.
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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