ValuEngine downgraded shares of Caretrust REIT (NASDAQ:CTRE) from a buy rating to a hold rating in a report published on Friday.

A number of other brokerages also recently issued reports on CTRE. Stifel Nicolaus restated a hold rating and issued a $19.00 price target (up from $17.00) on shares of Caretrust REIT in a research report on Thursday, November 9th. KeyCorp set a $20.00 price target on Caretrust REIT and gave the stock a buy rating in a research report on Sunday, October 29th. Capital One Financial assumed coverage on Caretrust REIT in a research report on Monday, October 23rd. They issued an equal weight rating and a $21.00 price target for the company. Zacks Investment Research downgraded Caretrust REIT from a buy rating to a hold rating in a research report on Tuesday, November 21st. Finally, BMO Capital Markets restated a hold rating and issued a $20.00 price target on shares of Caretrust REIT in a research report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Caretrust REIT has a consensus rating of Hold and an average price target of $19.78.

Shares of Caretrust REIT (NASDAQ:CTRE) opened at $15.37 on Friday. The stock has a market capitalization of $1,166.93, a price-to-earnings ratio of 32.70, a P/E/G ratio of 2.36 and a beta of 0.61. Caretrust REIT has a 52-week low of $14.71 and a 52-week high of $19.86. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.60 and a quick ratio of 1.60.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a dividend of $0.185 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.74 annualized dividend and a dividend yield of 4.81%. Caretrust REIT’s dividend payout ratio (DPR) is 157.45%.

Several large investors have recently added to or reduced their stakes in the company. Navellier & Associates Inc lifted its position in shares of Caretrust REIT by 1.0% during the second quarter. Navellier & Associates Inc now owns 41,831 shares of the real estate investment trust’s stock worth $776,000 after purchasing an additional 421 shares during the last quarter. Pinebridge Investments L.P. lifted its position in shares of Caretrust REIT by 10.7% during the second quarter. Pinebridge Investments L.P. now owns 9,558 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 920 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Caretrust REIT by 18.2% during the second quarter. Ameritas Investment Partners Inc. now owns 6,329 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 975 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Caretrust REIT by 3.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 26,700 shares of the real estate investment trust’s stock worth $495,000 after purchasing an additional 1,000 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Caretrust REIT by 1.3% during the second quarter. California State Teachers Retirement System now owns 127,759 shares of the real estate investment trust’s stock worth $2,369,000 after purchasing an additional 1,622 shares during the last quarter. Institutional investors and hedge funds own 90.58% 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.

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Analyst Recommendations for Caretrust REIT (NASDAQ:CTRE)

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