BidaskClub downgraded shares of CareTrust REIT (NASDAQ:CTRE) from a sell rating to a strong sell rating in a research report released on Tuesday.

CTRE has been the subject of several other research reports. Capital One Financial began coverage on CareTrust REIT in a report on Monday, October 23rd. They set an equal weight rating and a $21.00 price objective for the company. BMO Capital Markets restated a hold rating and issued a $20.00 target price on shares of CareTrust REIT in a research report on Thursday, November 9th. Zacks Investment Research upgraded CareTrust REIT from a sell rating to a hold rating in a research report on Tuesday, September 19th. KeyCorp set a $20.00 target price on CareTrust REIT and gave the stock a buy rating in a research report on Sunday, October 29th. Finally, Stifel Nicolaus restated a hold rating and issued a $19.00 target price (up previously from $17.00) on shares of CareTrust REIT in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $19.38.

Shares of CareTrust REIT (CTRE) traded down $0.11 during midday trading on Tuesday, hitting $17.65. The stock had a trading volume of 497,600 shares, compared to its average volume of 532,490. CareTrust REIT has a 52 week low of $14.56 and a 52 week high of $19.86. 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 stock has a market capitalization of $1,348.39, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 3.81 and a beta of 0.77.

CareTrust REIT (NASDAQ:CTRE) last issued its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.28 EPS for the quarter, missing the Thomson Reuters’ 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 analysts’ expectations of $32.91 million. During the same period in the previous year, the firm posted $0.28 EPS. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. analysts anticipate that CareTrust REIT will post 1.16 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC lifted its position in CareTrust REIT by 90.7% in 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 purchasing an additional 2,629 shares during the last quarter. GAM Holding AG lifted its position in CareTrust REIT by 19.6% in the second quarter. GAM Holding AG now owns 6,100 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in CareTrust REIT by 7.5% in 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 purchasing an additional 437 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in CareTrust REIT by 18.2% in 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 purchasing an additional 975 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in CareTrust REIT by 24.5% in 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 purchasing an additional 1,300 shares during the last quarter. Institutional investors own 91.20% of the company’s stock.

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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.

Analyst Recommendations for CareTrust REIT (NASDAQ:CTRE)

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