Stifel Nicolaus reaffirmed their hold rating on shares of CareTrust REIT, Inc. (NASDAQ:CTRE) in a research report report published on Thursday, MarketBeat reports. They currently have a $19.00 target price on the real estate investment trust’s stock, up from their prior target price of $17.00.

Other analysts have also recently issued reports about the stock. BidaskClub raised shares of CareTrust REIT from a hold rating to a buy rating in a research note on Saturday, August 19th. KeyCorp set a $20.00 target price on shares of CareTrust REIT and gave the stock a buy rating in a research note on Sunday, October 29th. Capital One Financial Corporation reaffirmed an equal weight rating and issued a $21.00 target price on shares of CareTrust REIT in a research note on Sunday, October 22nd. Finally, Zacks Investment Research raised shares of CareTrust REIT from a sell rating to a hold rating in a research note on Tuesday, September 19th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $19.38.

CareTrust REIT (NASDAQ CTRE) traded down $0.12 during mid-day trading on Thursday, reaching $18.65. 422,900 shares of the company’s stock traded hands, compared to its average volume of 350,636. The stock has a market cap of $1,415.96, a PE ratio of 16.08, a P/E/G ratio of 3.99 and a beta of 0.83. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.60 and a quick ratio of 3.06. CareTrust REIT has a 12-month low of $13.36 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 analysts’ expectations of $32.91 million. CareTrust REIT had a return on equity of 5.76% and a net margin of 25.68%. The firm’s revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. equities analysts anticipate that CareTrust REIT will post 1.17 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a $0.185 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.97%. CareTrust REIT’s dividend payout ratio (DPR) is presently 157.45%.

Several institutional investors and hedge funds have recently made changes to their positions in CTRE. BlackRock Inc. boosted its holdings in shares of CareTrust REIT by 2,476.7% in the 1st quarter. BlackRock Inc. now owns 9,265,924 shares of the real estate investment trust’s stock valued at $155,855,000 after purchasing an additional 8,906,314 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of CareTrust REIT by 6.4% in the 2nd quarter. Vanguard Group Inc. now owns 11,249,983 shares of the real estate investment trust’s stock valued at $208,575,000 after purchasing an additional 677,395 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of CareTrust REIT by 624.1% in the 2nd quarter. Teachers Advisors LLC now owns 764,608 shares of the real estate investment trust’s stock valued at $14,176,000 after purchasing an additional 659,012 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of CareTrust REIT by 368.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 827,763 shares of the real estate investment trust’s stock valued at $15,337,000 after purchasing an additional 651,129 shares during the last quarter. Finally, Fiera Capital Corp acquired a new position in shares of CareTrust REIT in the 2nd quarter valued at $11,946,000. Institutional investors own 89.18% of the company’s stock.

About CareTrust REIT

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.

Analyst Recommendations for CareTrust REIT (NASDAQ:CTRE)

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