CareTrust REIT, Inc. (CTRE) Earns “Hold” Rating from Stifel Nicolaus
Stifel Nicolaus restated their hold rating on shares of CareTrust REIT, Inc. (NASDAQ:CTRE) in a report issued on Thursday morning, MarketBeat.com reports. The brokerage currently has a $19.00 target price on the real estate investment trust’s stock, up from their previous target price of $17.00.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research raised shares of CareTrust REIT from a hold rating to a buy rating and set a $20.00 target price on the stock in a report on Monday, July 17th. KeyCorp reissued a buy rating and set a $20.00 price target on shares of CareTrust REIT in a research report on Friday, August 25th. BidaskClub raised shares of CareTrust REIT from a hold rating to a buy rating in a research report on Saturday, August 19th. Finally, Capital One Financial Corporation reissued an equal weight rating and set a $21.00 price target on shares of CareTrust REIT in a research report on Sunday, October 22nd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. CareTrust REIT has an average rating of Buy and a consensus price target of $19.38.
CareTrust REIT (NASDAQ CTRE) traded down $0.12 during mid-day trading on Thursday, hitting $18.65. 422,900 shares of the company traded hands, compared to its average volume of 542,883. 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 52 week low of $13.36 and a 52 week high of $19.86. The company has a market cap of $1,415.96, a price-to-earnings ratio of 16.08, a P/E/G ratio of 3.97 and a beta of 0.83.
CareTrust REIT (NASDAQ:CTRE) last released its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). CareTrust REIT had a net margin of 25.68% and a return on equity of 5.76%. The business had revenue of $32.90 million for the quarter, compared to the consensus estimate of $32.91 million. During the same period in the prior year, the business posted $0.28 EPS. CareTrust REIT’s revenue for the quarter was up 21.4% on a year-over-year basis. equities analysts predict that CareTrust REIT will post 1.17 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. IndexIQ Advisors LLC lifted its position in CareTrust REIT by 22.7% during the 2nd quarter. IndexIQ Advisors LLC now owns 86,619 shares of the real estate investment trust’s stock valued at $1,606,000 after acquiring an additional 15,999 shares during the period. Citigroup Inc. lifted its position in CareTrust REIT by 12.3% during the 2nd quarter. Citigroup Inc. now owns 81,318 shares of the real estate investment trust’s stock valued at $1,508,000 after acquiring an additional 8,909 shares during the period. Fox Run Management L.L.C. purchased a new position in CareTrust REIT during the 2nd quarter valued at about $313,000. Bank of America Corp DE lifted its position in CareTrust REIT by 191.4% during the 1st quarter. Bank of America Corp DE now owns 765,382 shares of the real estate investment trust’s stock valued at $12,873,000 after acquiring an additional 502,765 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its position in CareTrust REIT by 27.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 45,843 shares of the real estate investment trust’s stock valued at $850,000 after acquiring an additional 9,918 shares during the period. 88.24% of the stock is owned by hedge funds and other institutional investors.
About CareTrust REIT
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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