CareTrust REIT, Inc. (NASDAQ:CTRE) – Stock analysts at Capital One Financial Corporation reduced their FY2017 earnings estimates for CareTrust REIT in a research note issued on Tuesday. Capital One Financial Corporation analyst D. Bernstein now forecasts that the real estate investment trust will earn $1.16 per share for the year, down from their previous estimate of $1.17. Capital One Financial Corporation currently has a “Equal Weight” rating and a $21.00 price target on the stock. Capital One Financial Corporation also issued estimates for CareTrust REIT’s Q4 2017 earnings at $0.31 EPS, Q1 2018 earnings at $0.32 EPS, Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.34 EPS, FY2018 earnings at $1.33 EPS, Q1 2019 earnings at $0.35 EPS, Q2 2019 earnings at $0.36 EPS and FY2019 earnings at $1.44 EPS.

CareTrust REIT (NASDAQ:CTRE) last issued its quarterly 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 net margin of 25.68% and a return on equity of 5.76%. The firm’s revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 EPS.

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A number of other equities research analysts also recently issued reports on CTRE. Stifel Nicolaus reiterated a “hold” rating and issued a $19.00 target price (up previously from $17.00) on shares of CareTrust REIT in a research report on Thursday, November 9th. BMO Capital Markets reiterated a “hold” rating and issued a $20.00 target price on shares of CareTrust REIT in a research report on Thursday, November 9th. Zacks Investment Research downgraded shares of CareTrust REIT from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. BidaskClub upgraded shares of CareTrust REIT from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, KeyCorp set a $20.00 target price on shares of CareTrust REIT and gave the stock a “buy” rating in a research report on Sunday, October 29th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. CareTrust REIT has a consensus rating of “Buy” and an average target price of $19.38.

Shares of CareTrust REIT (NASDAQ CTRE) traded down $0.04 during trading hours on Friday, hitting $18.64. 396,672 shares of the company traded hands, compared to its average volume of 539,945. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.81. The stock has a market cap of $1,420.00, a P/E ratio of 16.10, a PEG ratio of 3.98 and a beta of 0.72. CareTrust REIT has a fifty-two week low of $13.57 and a fifty-two week high of $19.86.

A number of hedge funds have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC increased its stake in shares of CareTrust REIT by 90.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,529 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 2,629 shares during the last quarter. GAM Holding AG increased its stake in shares of CareTrust REIT by 19.6% during the 2nd quarter. GAM Holding AG now owns 6,100 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of CareTrust REIT by 7.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,277 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 437 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of CareTrust REIT by 18.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,329 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 975 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of CareTrust REIT by 24.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,606 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 1,300 shares during the last quarter. Institutional investors own 88.24% 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.

Earnings History and Estimates for CareTrust REIT (NASDAQ:CTRE)

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