CareTrust REIT (NASDAQ:CTRE) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Tuesday.

Other analysts have also issued reports about the stock. KeyCorp restated a “buy” rating and set a $20.00 price objective on shares of CareTrust REIT in a research note on Friday, August 25th. Zacks Investment Research upgraded shares of CareTrust REIT from a “sell” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, October 24th. Capital One Financial initiated coverage on shares of CareTrust REIT in a research note on Monday, October 23rd. They set an “equal weight” rating and a $21.00 price objective for the company. BMO Capital Markets restated a “hold” rating and set a $20.00 price objective on shares of CareTrust REIT in a research note on Thursday, November 9th. Finally, Stifel Nicolaus restated a “hold” rating and set a $19.00 price objective (up from $17.00) on shares of CareTrust REIT in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.38.

CareTrust REIT (NASDAQ:CTRE) traded up $0.15 during trading hours on Tuesday, reaching $17.76. 364,700 shares of the company’s stock were exchanged, compared to its average volume of 532,636. The company has a market cap of $1,337.00, a price-to-earnings ratio of 15.18, a P/E/G ratio of 3.78 and a beta of 0.77. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.60 and a current ratio of 1.60. CareTrust REIT has a 1-year low of $14.56 and a 1-year high of $19.86.

CareTrust REIT (NASDAQ:CTRE) last released its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The firm had revenue of $32.90 million for the quarter, compared to the consensus estimate 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 for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 earnings per share. sell-side analysts anticipate that CareTrust REIT will post 1.16 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in CTRE. Vanguard Group Inc. boosted its holdings in shares of CareTrust REIT by 6.4% during 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 acquiring an additional 677,395 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of CareTrust REIT by 624.1% during 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 acquiring an additional 659,012 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of CareTrust REIT by 7.0% during the 2nd quarter. BlackRock Inc. now owns 9,911,033 shares of the real estate investment trust’s stock valued at $183,750,000 after acquiring an additional 645,109 shares during the last quarter. Fiera Capital Corp purchased a new stake in shares of CareTrust REIT during the 2nd quarter valued at about $11,946,000. Finally, FMR LLC boosted its holdings in shares of CareTrust REIT by 8.8% during the 2nd quarter. FMR LLC now owns 6,865,434 shares of the real estate investment trust’s stock valued at $127,285,000 after acquiring an additional 553,735 shares during the last quarter. 91.20% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for CareTrust REIT (NASDAQ:CTRE)

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