CareTrust REIT (NASDAQ:CTRE) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Several other equities research analysts have also recently commented on the company. Cantor Fitzgerald assumed coverage on CareTrust REIT in a research note on Tuesday, May 8th. They issued a “buy” rating and a $16.00 price target for the company. BMO Capital Markets reissued a “hold” rating and issued a $15.00 price target on shares of CareTrust REIT in a research note on Tuesday, May 8th. ValuEngine cut CareTrust REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research raised CareTrust REIT from a “sell” rating to a “hold” rating in a research note on Friday, March 30th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $15.00 price target on shares of CareTrust REIT in a research note on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. CareTrust REIT has a consensus rating of “Hold” and a consensus target price of $17.90.

Shares of CareTrust REIT opened at $15.27 on Thursday, according to Marketbeat Ratings. The stock has a market capitalization of $1.15 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 2.34 and a beta of 0.70. CareTrust REIT has a fifty-two week low of $15.05 and a fifty-two week high of $15.25. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.34 and a current ratio of 1.34.

CareTrust REIT (NASDAQ:CTRE) last announced its quarterly earnings results on Tuesday, May 8th. The real estate investment trust reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.12). The firm had revenue of $38.10 million during the quarter, compared to the consensus estimate of $36.99 million. CareTrust REIT had a net margin of 21.50% and a return on equity of 5.03%. The company’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. sell-side analysts expect that CareTrust REIT will post 1.29 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in CareTrust REIT by 13.9% during the first quarter. BlackRock Inc. now owns 13,018,718 shares of the real estate investment trust’s stock worth $174,452,000 after purchasing an additional 1,589,055 shares during the period. Millennium Management LLC boosted its position in CareTrust REIT by 52.9% during the first quarter. Millennium Management LLC now owns 1,638,116 shares of the real estate investment trust’s stock worth $21,951,000 after purchasing an additional 566,859 shares during the period. Northern Trust Corp boosted its position in CareTrust REIT by 4.8% during the first quarter. Northern Trust Corp now owns 1,385,675 shares of the real estate investment trust’s stock worth $18,568,000 after purchasing an additional 63,860 shares during the period. Keeley Teton Advisors LLC boosted its position in CareTrust REIT by 27.3% during the first quarter. Keeley Teton Advisors LLC now owns 1,222,249 shares of the real estate investment trust’s stock worth $16,378,000 after purchasing an additional 262,016 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in CareTrust REIT by 4.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,086,730 shares of the real estate investment trust’s stock worth $14,562,000 after purchasing an additional 50,537 shares during the period. 85.02% 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 186 net leased healthcare properties and three operated seniors housing properties in 24 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.

Analyst Recommendations for CareTrust REIT (NASDAQ:CTRE)

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