CareTrust REIT, Inc. (NYSE:CTRE) Short Interest Update

CareTrust REIT, Inc. (NYSE:CTRE) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 13,576,389 shares, a growth of 41.5% from the November 30th total of 9,596,556 shares. Based on an average daily volume of 1,843,037 shares, the short-interest ratio is currently 7.4 days. Currently, 6.1% of the shares of the company are short sold. Currently, 6.1% of the shares of the company are short sold. Based on an average daily volume of 1,843,037 shares, the short-interest ratio is currently 7.4 days.

Analyst Ratings Changes

Several analysts have issued reports on the company. Cantor Fitzgerald upgraded CareTrust REIT to a “hold” rating in a research note on Wednesday, October 1st. Weiss Ratings restated a “buy (a-)” rating on shares of CareTrust REIT in a research note on Monday, December 22nd. Finally, UBS Group raised CareTrust REIT to a “strong-buy” rating in a report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

CareTrust REIT Stock Performance

Shares of NYSE:CTRE traded up $0.35 during trading on Monday, reaching $37.03. 961,361 shares of the stock were exchanged, compared to its average volume of 1,813,355. CareTrust REIT has a 12 month low of $24.79 and a 12 month high of $38.32. The stock has a 50-day moving average price of $36.33 and a 200-day moving average price of $34.01. The company has a current ratio of 6.98, a quick ratio of 6.98 and a debt-to-equity ratio of 0.22. The firm has a market cap of $8.27 billion, a PE ratio of 27.63, a PEG ratio of 1.40 and a beta of 0.77.

CareTrust REIT (NYSE:CTRE) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.35 earnings per share for the quarter. The business had revenue of $132.44 million during the quarter. CareTrust REIT had a return on equity of 7.95% and a net margin of 61.00%.

About CareTrust REIT

CareTrust REIT, Inc is a real estate investment trust based in Deerfield Beach, Florida, specializing in the ownership, acquisition and management of net-leased healthcare properties. The company primarily focuses on seniors housing and post-acute care facilities, entering into long-term, triple-net lease agreements with leading operators in the skilled nursing, assisted living, memory care, inpatient rehabilitation and specialty hospital sectors. Through its portfolio, CareTrust REIT aims to provide investors with stable and predictable rental income while supporting the ongoing demand for quality healthcare real estate across the United States.

Since its initial public offering in September 2013, CareTrust REIT has pursued a disciplined acquisition strategy, targeting properties in primary and select secondary markets.