Shares of Caretrust REIT Inc (NASDAQ:CTRE) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $22.87 and last traded at $22.33, with a volume of 489378 shares. The stock had previously closed at $22.03.

CTRE has been the topic of several recent analyst reports. Zacks Investment Research cut Caretrust REIT from a “hold” rating to a “sell” rating in a research note on Monday, October 22nd. Cantor Fitzgerald reissued a “buy” rating and issued a $20.00 target price on shares of Caretrust REIT in a research note on Monday, October 29th. BidaskClub raised Caretrust REIT from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 8th. Stifel Nicolaus raised Caretrust REIT from a “hold” rating to a “buy” rating and lifted their price objective for the company from $17.00 to $21.00 in a research report on Wednesday, November 28th. Finally, Wells Fargo & Co lifted their price objective on Caretrust REIT from $18.50 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, December 4th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $20.71.

The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 17.52 and a beta of 0.92.

Caretrust REIT (NASDAQ:CTRE) last posted its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). The firm had revenue of $40.36 million for the quarter, compared to the consensus estimate of $39.99 million. Caretrust REIT had a net margin of 36.91% and a return on equity of 8.90%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 earnings per share. Equities analysts predict that Caretrust REIT Inc will post 1.37 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its position in shares of Caretrust REIT by 0.8% in the 4th quarter. BlackRock Inc. now owns 16,042,431 shares of the real estate investment trust’s stock worth $296,144,000 after purchasing an additional 126,564 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Caretrust REIT by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 11,880,091 shares of the real estate investment trust’s stock worth $210,397,000 after purchasing an additional 538,327 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Caretrust REIT by 4.7% in the 3rd quarter. Vanguard Group Inc now owns 11,880,091 shares of the real estate investment trust’s stock worth $210,397,000 after purchasing an additional 538,327 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Caretrust REIT by 11.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,074,217 shares of the real estate investment trust’s stock worth $36,735,000 after purchasing an additional 206,551 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Caretrust REIT by 30.6% in the 4th quarter. Northern Trust Corp now owns 1,821,443 shares of the real estate investment trust’s stock worth $33,625,000 after purchasing an additional 426,653 shares in the last quarter. 91.62% of the stock is currently owned by institutional investors and hedge funds.

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Caretrust REIT Company Profile (NASDAQ:CTRE)

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 192 net-leased healthcare properties and three operated seniors housing properties in 27 states, CareTrust REIT 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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