A number of other analysts also recently issued reports on CTRE. BMO Capital Markets reiterated a buy rating and issued a $26.00 price objective on shares of Caretrust REIT in a report on Wednesday, August 7th. Barclays initiated coverage on shares of Caretrust REIT in a report on Tuesday, September 3rd. They set an overweight rating and a $26.00 target price on the stock. Berenberg Bank initiated coverage on shares of Caretrust REIT in a report on Thursday, September 12th. They set a buy rating and a $29.00 target price on the stock. Capital One Financial upgraded shares of Caretrust REIT from an equal weight rating to an overweight rating and set a $25.00 target price on the stock in a report on Wednesday, August 21st. Finally, ValuEngine cut shares of Caretrust REIT from a buy rating to a hold rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $25.50.
Shares of NASDAQ CTRE traded up $0.09 during mid-day trading on Friday, hitting $21.14. The company’s stock had a trading volume of 1,548,701 shares, compared to its average volume of 911,369. The company’s fifty day simple moving average is $22.05 and its 200-day simple moving average is $23.38. Caretrust REIT has a one year low of $17.71 and a one year high of $25.54. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 16.52 and a beta of 0.59. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.48 and a quick ratio of 0.48.
Caretrust REIT (NASDAQ:CTRE) last released its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.45). The firm had revenue of $33.31 million for the quarter, compared to the consensus estimate of $43.64 million. Caretrust REIT had a return on equity of 4.76% and a net margin of 25.85%. The firm’s revenue was down 15.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS. On average, sell-side analysts predict that Caretrust REIT will post 1.37 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Invesco Ltd. boosted its holdings in Caretrust REIT by 295.6% in the second quarter. Invesco Ltd. now owns 3,284,547 shares of the real estate investment trust’s stock valued at $78,107,000 after acquiring an additional 2,454,244 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Caretrust REIT by 13.4% in the second quarter. Vanguard Group Inc. now owns 14,976,743 shares of the real estate investment trust’s stock valued at $356,147,000 after acquiring an additional 1,767,795 shares during the last quarter. BlackRock Inc. boosted its holdings in Caretrust REIT by 9.8% in the second quarter. BlackRock Inc. now owns 18,664,330 shares of the real estate investment trust’s stock valued at $443,836,000 after acquiring an additional 1,666,016 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in Caretrust REIT by 814.2% in the second quarter. Nuveen Asset Management LLC now owns 1,666,726 shares of the real estate investment trust’s stock valued at $39,635,000 after acquiring an additional 1,484,408 shares during the last quarter. Finally, Copper Rock Capital Partners LLC bought a new position in shares of Caretrust REIT during the 3rd quarter worth approximately $18,767,000. 91.40% of the stock is owned by hedge funds and other institutional investors.
Caretrust REIT Company Profile
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.
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