CareTrust REIT, Inc. (NASDAQ:CTRE) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 2,520,536 shares, a decline of 32.2% from the November 15th total of 3,716,233 shares. Approximately 3.4% of the company’s shares are short sold. Based on an average daily trading volume, of 463,812 shares, the days-to-cover ratio is presently 5.4 days.

Several equities analysts recently issued reports on CTRE shares. Capital One Financial started coverage on CareTrust REIT in a research report on Monday, October 23rd. They issued an “equal weight” rating and a $21.00 price objective for the company. BidaskClub lowered CareTrust REIT from a “hold” rating to a “sell” rating in a research report on Saturday, December 2nd. BMO Capital Markets reiterated a “hold” rating and issued a $20.00 price objective on shares of CareTrust REIT in a research report on Thursday, November 9th. KeyCorp reiterated a “buy” rating and issued a $20.00 price objective on shares of CareTrust REIT in a research report on Friday, August 25th. Finally, Zacks Investment Research lowered CareTrust REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. One equities research 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’s stock. The stock presently has an average rating of “Hold” and an average price target of $19.44.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CTRE. Riverhead Capital Management LLC lifted its stake in CareTrust REIT by 90.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,529 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 2,629 shares in the last quarter. GAM Holding AG lifted its stake in CareTrust REIT by 19.6% in the 2nd quarter. GAM Holding AG now owns 6,100 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CareTrust REIT by 7.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,277 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 437 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in CareTrust REIT by 18.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,329 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 975 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of CareTrust REIT by 24.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,606 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 91.15% of the company’s stock.

Shares of CareTrust REIT (NASDAQ:CTRE) opened at $17.69 on Wednesday. The company has a market capitalization of $1,360.00, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 3.81 and a beta of 0.68. 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 has a 12 month low of $14.71 and a 12 month high of $19.86.

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). The firm had revenue of $32.90 million during the quarter, compared to the consensus estimate of $32.91 million. CareTrust REIT had a net margin of 25.68% and a return on equity of 5.76%. The company’s revenue was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. equities research analysts expect that CareTrust REIT will post 1.16 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 4.18%. The ex-dividend date is Thursday, December 28th. CareTrust REIT’s payout ratio is 160.87%.

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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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