CareTrust REIT, Inc. (NYSE:CTRE) Short Interest Update

CareTrust REIT, Inc. (NYSE:CTRE) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 13,576,389 shares, an increase of 41.5% from the November 30th total of 9,596,556 shares. Based on an average daily volume of 1,843,037 shares, the short-interest ratio is currently 7.4 days. Approximately 6.1% of the shares of the stock are short sold. Approximately 6.1% of the shares of the stock are short sold. Based on an average daily volume of 1,843,037 shares, the short-interest ratio is currently 7.4 days.

CareTrust REIT Trading Down 0.4%

CTRE stock traded down $0.14 during midday trading on Tuesday, reaching $36.93. 1,044,165 shares of the company’s stock traded hands, compared to its average volume of 1,797,407. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.98 and a quick ratio of 6.98. CareTrust REIT has a fifty-two week low of $24.79 and a fifty-two week high of $38.32. The business has a 50-day moving average price of $36.38 and a two-hundred day moving average price of $34.03. The company has a market capitalization of $8.25 billion, a P/E ratio of 27.56, a PEG ratio of 1.41 and a beta of 0.77.

CareTrust REIT (NYSE:CTRE) last issued its earnings results on Wednesday, November 5th. The company reported $0.35 EPS for the quarter. CareTrust REIT had a net margin of 61.00% and a return on equity of 7.95%. The business had revenue of $132.44 million for the quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CTRE shares. Cantor Fitzgerald raised CareTrust REIT to a “hold” rating in a research note on Wednesday, October 1st. Weiss Ratings restated a “buy (a-)” rating on shares of CareTrust REIT in a research report on Monday. Finally, UBS Group raised CareTrust REIT to a “strong-buy” rating in a research note on Tuesday, November 18th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy”.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a real estate investment trust based in Deerfield Beach, Florida, specializing in the ownership, acquisition and management of net-leased healthcare properties. The company primarily focuses on seniors housing and post-acute care facilities, entering into long-term, triple-net lease agreements with leading operators in the skilled nursing, assisted living, memory care, inpatient rehabilitation and specialty hospital sectors. Through its portfolio, CareTrust REIT aims to provide investors with stable and predictable rental income while supporting the ongoing demand for quality healthcare real estate across the United States.

Since its initial public offering in September 2013, CareTrust REIT has pursued a disciplined acquisition strategy, targeting properties in primary and select secondary markets.