Caretrust REIT (NASDAQ:CTRE) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Saturday, BidAskClub reports.

Other equities research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Caretrust REIT from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded shares of Caretrust REIT from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Wednesday. BMO Capital Markets reiterated a “buy” rating and issued a $26.00 target price on shares of Caretrust REIT in a research report on Wednesday, August 7th. Berenberg Bank initiated coverage on shares of Caretrust REIT in a research report on Thursday, September 12th. They issued a “buy” rating and a $29.00 target price for the company. Finally, Barclays initiated coverage on shares of Caretrust REIT in a research report on Tuesday, September 3rd. They issued an “overweight” rating and a $26.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Caretrust REIT presently has a consensus rating of “Buy” and an average target price of $25.50.

Caretrust REIT stock opened at $20.51 on Friday. The company has a 50 day moving average price of $23.52 and a 200 day moving average price of $23.84. Caretrust REIT has a 52 week low of $17.71 and a 52 week high of $25.54. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 16.02 and a beta of 0.66.

Caretrust REIT (NASDAQ:CTRE) last posted its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.45). Caretrust REIT had a return on equity of 8.08% and a net margin of 39.70%. The firm had revenue of $33.31 million during the quarter, compared to analyst estimates of $43.64 million. During the same period in the prior year, the business posted $0.32 EPS. The company’s revenue for the quarter was down 15.7% on a year-over-year basis. Equities analysts forecast that Caretrust REIT will post 1.37 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of Caretrust REIT by 9.8% during the 2nd quarter. BlackRock Inc. now owns 18,664,330 shares of the real estate investment trust’s stock valued at $443,836,000 after purchasing an additional 1,666,016 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Caretrust REIT by 13.4% during the 2nd quarter. Vanguard Group Inc. now owns 14,976,743 shares of the real estate investment trust’s stock valued at $356,147,000 after purchasing an additional 1,767,795 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Caretrust REIT by 295.6% during the 2nd quarter. Invesco Ltd. now owns 3,284,547 shares of the real estate investment trust’s stock valued at $78,107,000 after purchasing an additional 2,454,244 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Caretrust REIT by 6.1% during the 2nd quarter. Northern Trust Corp now owns 1,922,226 shares of the real estate investment trust’s stock valued at $45,710,000 after purchasing an additional 109,856 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of Caretrust REIT by 814.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,666,726 shares of the real estate investment trust’s stock valued at $39,635,000 after purchasing an additional 1,484,408 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

About Caretrust REIT

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 199 net-leased healthcare properties and three operated seniors housing properties in 27 states, CareTrust 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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