Zacks Investment Research downgraded shares of Caretrust REIT (NASDAQ:CTRE) from a hold rating to a sell rating in a research report report published on Monday.

According to Zacks, “CareTrust REIT, Inc. is a real estate investment trust. It is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company leases healthcare facilities to healthcare operators in triple-net lease arrangements. CareTrust REIT, Inc. is based in United States. “

Other equities analysts have also issued research reports about the stock. Stephens set a $19.00 target price on shares of Caretrust REIT and gave the company a buy rating in a research report on Friday, January 12th. KeyCorp set a $20.00 target price on shares of Caretrust REIT and gave the company a buy rating in a research report on Sunday, October 29th. Capital One Financial initiated coverage on shares of Caretrust REIT in a research report on Monday, October 23rd. They issued an equal weight rating and a $21.00 target price for the company. 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. Finally, 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. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $19.78.

Shares of Caretrust REIT (NASDAQ:CTRE) traded up $0.18 on Monday, reaching $15.60. 955,900 shares of the company were exchanged, compared to its average volume of 704,691. The company has a market cap of $1,180.00, a price-to-earnings ratio of 33.91, a PEG ratio of 2.37 and a beta of 0.67. 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 has a 12-month low of $14.71 and a 12-month high of $19.86.

Caretrust REIT (NASDAQ:CTRE) last announced its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The company had revenue of $32.90 million during 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 business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. research analysts anticipate that Caretrust REIT will post 1.16 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend was Thursday, December 28th. Caretrust REIT’s payout ratio is 160.87%.

A number of hedge funds and other institutional investors have recently modified their holdings of CTRE. SG Americas Securities LLC acquired a new stake in Caretrust REIT in the 2nd quarter valued at about $191,000. Prudential Financial Inc. lifted its holdings in Caretrust REIT by 12.3% in the 2nd quarter. Prudential Financial Inc. now owns 126,148 shares of the real estate investment trust’s stock valued at $2,339,000 after acquiring an additional 13,855 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Caretrust REIT by 7.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,277 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 437 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Caretrust REIT by 27.3% in the 2nd quarter. Principal Financial Group Inc. now owns 664,928 shares of the real estate investment trust’s stock valued at $12,328,000 after acquiring an additional 142,702 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Caretrust REIT by 4.0% in the 2nd quarter. Swiss National Bank now owns 110,249 shares of the real estate investment trust’s stock valued at $2,044,000 after acquiring an additional 4,200 shares during the last quarter. 91.15% of the stock is owned by 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.

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