Shares of Caretrust REIT Inc (NASDAQ:CTRE) have earned an average rating of “Hold” from the ten brokerages that are currently covering the company. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $16.42.
A number of research firms have weighed in on CTRE. Zacks Investment Research lowered shares of Caretrust REIT from a “hold” rating to a “sell” rating in a research note on Tuesday. BMO Capital Markets restated a “buy” rating and set a $18.00 price objective on shares of Caretrust REIT in a report on Wednesday, April 12th. Canaccord Genuity lifted their target price on shares of Caretrust REIT from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, March 30th. Finally, Royal Bank of Canada lowered shares of Caretrust REIT from an “outperform” rating to a “sector perform” rating and set a $16.00 price objective for the company. in a research report on Tuesday, January 3rd. They noted that the move was a valuation call.
A number of institutional investors have recently made changes to their positions in CTRE. Sei Investments Co. boosted its position in shares of Caretrust REIT by 27.2% in the third quarter. Sei Investments Co. now owns 10,983 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 2,348 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new position in shares of Caretrust REIT during the fourth quarter worth about $193,000. Stevens Capital Management LP bought a new position in Caretrust REIT during the third quarter valued at about $197,000. Credit Agricole S A boosted its position in Caretrust REIT by 351.2% in the fourth quarter. Credit Agricole S A now owns 13,531 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 10,532 shares in the last quarter. Finally, Aperio Group LLC boosted its position in Caretrust REIT by 2.7% in the third quarter. Aperio Group LLC now owns 14,444 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 375 shares in the last quarter. Institutional investors own 77.45% of the company’s stock.
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Shares of Caretrust REIT (NASDAQ:CTRE) traded up 1.19% during midday trading on Monday, hitting $17.80. The stock had a trading volume of 200,044 shares. The stock has a market cap of $1.18 billion, a PE ratio of 34.30 and a beta of 0.93. The stock has a 50-day moving average of $16.25 and a 200 day moving average of $15.12. Caretrust REIT has a 52 week low of $12.53 and a 52 week high of $17.84.
Caretrust REIT (NASDAQ:CTRE) last released its quarterly earnings data on Tuesday, February 7th. The real estate investment trust reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. Caretrust REIT had a net margin of 28.04% and a return on equity of 7.62%. The firm had revenue of $28.20 million for the quarter, compared to analyst estimates of $27.36 million. During the same period last year, the firm earned $0.25 earnings per share. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. Analysts anticipate that Caretrust REIT will post $0.61 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend was Wednesday, March 29th. This is a boost from Caretrust REIT’s previous quarterly dividend of $0.17.
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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