Somewhat Favorable Press Coverage Somewhat Unlikely to Affect CareTrust REIT (CTRE) Stock Price

News stories about CareTrust REIT (NASDAQ:CTRE) have trended somewhat positive on Thursday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CareTrust REIT earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 47.3845323496455 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

CareTrust REIT (NASDAQ CTRE) opened at $17.69 on Thursday. The stock has a market capitalization of $1,347.63, a PE ratio of 15.30, a PEG ratio of 3.81 and a beta of 0.77. CareTrust REIT has a fifty-two week low of $14.56 and a fifty-two week high of $19.86. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.81.

CareTrust REIT (NASDAQ:CTRE) last issued its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company had revenue of $32.90 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 earnings per share. research analysts anticipate that CareTrust REIT will post 1.16 earnings per share for the current fiscal year.

CTRE has been the subject of a number of research reports. Capital One Financial initiated coverage on CareTrust REIT in a report on Monday, October 23rd. They issued an “equal weight” rating and a $21.00 price objective for the company. BidaskClub cut CareTrust REIT from a “hold” rating to a “sell” rating in a 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 report on Thursday, November 9th. KeyCorp reiterated a “buy” rating and issued a $20.00 price objective on shares of CareTrust REIT in a report on Friday, August 25th. Finally, Zacks Investment Research cut CareTrust REIT from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.38.

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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.

Insider Buying and Selling by Quarter for CareTrust REIT (NASDAQ:CTRE)

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