CareTrust REIT (NASDAQ:CTRE) was upgraded by Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday. The firm currently has a $20.00 price objective on the real estate investment trust’s stock. Wells Fargo & Company’s price objective indicates a potential upside of 15.41% from the company’s current price.

A number of other analysts have also commented on CTRE. BidaskClub lowered shares of CareTrust REIT from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 12th. Capital One Financial reiterated an “equal weight” rating and issued a $21.00 price target on shares of CareTrust REIT in a research note on Sunday, October 22nd. Zacks Investment Research lowered shares of CareTrust REIT from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Stifel Nicolaus reiterated a “hold” rating and issued a $19.00 price target (up from $17.00) on shares of CareTrust REIT in a research note on Thursday, November 9th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $20.00 price target on shares of CareTrust REIT in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $19.44.

Shares of CareTrust REIT (NASDAQ CTRE) opened at $17.33 on Tuesday. The firm has a market cap of $1,343.07, a PE ratio of 15.25, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.60 and a current ratio of 1.60. CareTrust REIT has a 12 month low of $14.71 and a 12 month high of $19.86.

CareTrust REIT (NASDAQ:CTRE) last announced its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). CareTrust REIT had a return on equity of 5.76% and a net margin of 25.68%. The company had revenue of $32.90 million during the quarter, compared to the consensus estimate of $32.91 million. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The business’s revenue was up 21.4% compared to the same quarter last year. equities research analysts predict that CareTrust REIT will post 1.16 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of CTRE. Riverhead Capital Management LLC boosted its holdings in shares of 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 worth $103,000 after buying an additional 2,629 shares during the last quarter. GAM Holding AG boosted its holdings in shares of 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 worth $113,000 after buying an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of 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 worth $116,000 after buying an additional 437 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of 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 worth $117,000 after buying an additional 975 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of 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 worth $122,000 after buying an additional 1,300 shares during the last quarter. 91.15% of the stock is currently owned by institutional investors.

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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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