Caretrust REIT (NASDAQ:CTRE) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

CTRE has been the topic of several other reports. BMO Capital Markets upgraded shares of Caretrust REIT from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 9th. Zacks Investment Research downgraded shares of Caretrust REIT from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. ValuEngine downgraded shares of Caretrust REIT from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. Stifel Nicolaus upgraded shares of 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 shares of Caretrust REIT from $18.50 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $20.71.

Shares of NASDAQ:CTRE opened at $23.63 on Tuesday. The stock has a market capitalization of $2.09 billion, a P/E ratio of 18.46 and a beta of 0.91. Caretrust REIT has a fifty-two week low of $12.73 and a fifty-two week high of $24.10. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.02 and a current ratio of 3.02.

Caretrust REIT (NASDAQ:CTRE) last issued 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 during 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 8.52%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 earnings per share. On average, research analysts expect that Caretrust REIT will post 1.35 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue raised its position in shares of Caretrust REIT by 5.4% during the 4th quarter. State of Alaska Department of Revenue now owns 55,191 shares of the real estate investment trust’s stock worth $1,017,000 after buying an additional 2,825 shares in the last quarter. MetLife Investment Advisors LLC raised its position in shares of Caretrust REIT by 56.5% during the 3rd quarter. MetLife Investment Advisors LLC now owns 53,357 shares of the real estate investment trust’s stock worth $945,000 after buying an additional 19,254 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Caretrust REIT by 56.6% during the 3rd quarter. Macquarie Group Ltd. now owns 26,000 shares of the real estate investment trust’s stock worth $460,000 after buying an additional 9,400 shares in the last quarter. Strs Ohio raised its position in shares of Caretrust REIT by 9.5% during the 4th quarter. Strs Ohio now owns 144,595 shares of the real estate investment trust’s stock worth $2,669,000 after buying an additional 12,545 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in shares of Caretrust REIT by 21.6% during the 3rd quarter. Citadel Advisors LLC now owns 269,486 shares of the real estate investment trust’s stock worth $4,773,000 after buying an additional 47,926 shares in the last quarter. Institutional investors own 87.14% of the company’s stock.

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 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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Analyst Recommendations for Caretrust REIT (NASDAQ:CTRE)

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