Shares of Caretrust REIT Inc (NASDAQ:CTRE) have been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $21.43.
Several equities analysts recently commented on CTRE shares. Zacks Investment Research upgraded shares of Caretrust REIT from a “sell” rating to a “hold” rating in a report on Monday, June 22nd. TheStreet downgraded shares of Caretrust REIT from a “b-” rating to a “c+” rating in a report on Thursday, April 2nd. BidaskClub downgraded shares of Caretrust REIT from a “hold” rating to a “sell” rating in a report on Tuesday, June 23rd. Wells Fargo & Co upped their price target on shares of Caretrust REIT from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Finally, Mizuho upgraded shares of Caretrust REIT from an “underperform” rating to a “neutral” rating and cut their price target for the company from $19.00 to $13.00 in a report on Monday, April 6th.
A number of hedge funds have recently modified their holdings of the business. State Street Corp grew its stake in Caretrust REIT by 13.8% in the 1st quarter. State Street Corp now owns 4,187,061 shares of the real estate investment trust’s stock worth $62,906,000 after acquiring an additional 506,995 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Caretrust REIT by 177.9% in the 1st quarter. Royal Bank of Canada now owns 52,425 shares of the real estate investment trust’s stock worth $775,000 after purchasing an additional 33,560 shares during the period. Eii Capital Management Inc. lifted its position in shares of Caretrust REIT by 20.3% in the 1st quarter. Eii Capital Management Inc. now owns 10,054 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 1,696 shares during the period. APG Asset Management N.V. lifted its position in shares of Caretrust REIT by 15.1% in the 1st quarter. APG Asset Management N.V. now owns 254,400 shares of the real estate investment trust’s stock worth $5,315,000 after purchasing an additional 33,400 shares during the period. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Caretrust REIT in the 1st quarter worth approximately $403,000. Institutional investors and hedge funds own 90.86% of the company’s stock.
Shares of Caretrust REIT stock traded down $0.01 during trading hours on Tuesday, reaching $17.16. The company’s stock had a trading volume of 2,105,456 shares, compared to its average volume of 1,043,235. The firm has a 50 day moving average price of $18.48 and a 200-day moving average price of $18.94. Caretrust REIT has a one year low of $7.16 and a one year high of $24.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market cap of $1.66 billion, a P/E ratio of 33.00 and a beta of 1.04.
Caretrust REIT (NASDAQ:CTRE) last posted its earnings results on Thursday, May 7th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.14). Caretrust REIT had a return on equity of 5.32% and a net margin of 29.53%. The business had revenue of $44.34 million during the quarter, compared to the consensus estimate of $43.20 million. As a group, sell-side analysts forecast that Caretrust REIT will post 1.34 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.25 dividend. The ex-dividend date is Monday, June 29th. This represents a $1.00 dividend on an annualized basis and a yield of 5.83%. Caretrust REIT’s dividend payout ratio is currently 73.53%.
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.
See Also: Asset Allocation
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.