CareTrust REIT (CTRE) Getting Somewhat Favorable Press Coverage, Study Shows
News coverage about CareTrust REIT (NASDAQ:CTRE) has trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group identifies negative and positive press 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 coverage optimism score of 0.16 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 45.9671622561675 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- CareTrust REIT (CTRE) Stock Rating Upgraded by Wells Fargo & Company (americanbankingnews.com)
- CareTrust REIT, Inc. (CTRE) Declares $0.19 Quarterly Dividend (americanbankingnews.com)
- CareTrust REIT Announces Quarterly Dividend of $0.185 per Share Nasdaq:CTRE (menafn.com)
- BidaskClub Lowers CareTrust REIT (CTRE) to Strong Sell (americanbankingnews.com)
CTRE has been the topic of several research reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $19.00 price target (up previously from $17.00) on shares of CareTrust REIT in a research note on Thursday, November 9th. Zacks Investment Research raised CareTrust REIT from a “sell” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Tuesday, October 24th. BidaskClub lowered CareTrust REIT from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 12th. KeyCorp reaffirmed a “buy” rating and set a $20.00 price target on shares of CareTrust REIT in a research note on Friday, August 25th. Finally, Wells Fargo & Company raised CareTrust REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. CareTrust REIT currently has an average rating of “Hold” and an average target price of $19.44.
CareTrust REIT (NASDAQ CTRE) opened at $16.97 on Friday. CareTrust REIT has a one year low of $14.71 and a one year 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 firm has a market capitalization of $1,315.74, a PE ratio of 14.94, a price-to-earnings-growth ratio of 3.72 and a beta of 0.77.
CareTrust REIT (NASDAQ:CTRE) last released its earnings results 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). CareTrust REIT had a net margin of 25.68% and a return on equity of 5.76%. The company had revenue of $32.90 million during the quarter, compared to analyst estimates of $32.91 million. During the same period in the previous year, the company posted $0.28 EPS. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. equities research analysts expect that CareTrust REIT will post 1.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 4.36%. The ex-dividend date is Thursday, December 28th. CareTrust REIT’s payout ratio is 157.45%.
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About CareTrust REIT
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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