ValuEngine upgraded shares of Caretrust REIT (NASDAQ:CTRE) from a sell rating to a hold rating in a research report released on Tuesday morning.

Several other analysts have also recently weighed in on the stock. BidaskClub cut shares of Caretrust REIT from a buy rating to a hold rating in a research note on Saturday, September 1st. KeyCorp upped their price objective on shares of Caretrust REIT from $16.00 to $20.00 and gave the stock a buy rating in a research note on Tuesday, August 21st. Zacks Investment Research cut shares of Caretrust REIT from a buy rating to a hold rating in a research note on Tuesday, July 24th. Finally, Royal Bank of Canada reaffirmed a hold rating and set a $18.00 price objective (up from $16.00) on shares of Caretrust REIT in a research note on Thursday, August 9th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $18.22.

Caretrust REIT stock traded down $0.17 during trading hours on Tuesday, hitting $16.80. 606,979 shares of the stock were exchanged, compared to its average volume of 669,264. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 2.75 and a beta of 0.82. Caretrust REIT has a 12 month low of $12.73 and a 12 month high of $19.76.

Caretrust REIT (NASDAQ:CTRE) last issued its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. The firm had revenue of $38.97 million for the quarter, compared to analysts’ expectations of $38.44 million. Caretrust REIT had a net margin of 28.26% and a return on equity of 6.81%. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share. As a group, equities research analysts predict that Caretrust REIT will post 1.29 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be given a dividend of $0.205 per share. The ex-dividend date is Thursday, September 27th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.88%. Caretrust REIT’s payout ratio is 70.69%.

Several hedge funds have recently made changes to their positions in CTRE. SG Americas Securities LLC lifted its position in shares of Caretrust REIT by 83.6% during the first quarter. SG Americas Securities LLC now owns 12,555 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 5,716 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Caretrust REIT by 7.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 393,479 shares of the real estate investment trust’s stock worth $5,273,000 after purchasing an additional 28,470 shares in the last quarter. Northern Trust Corp lifted its position in shares of Caretrust REIT by 4.8% during the first quarter. Northern Trust Corp now owns 1,385,675 shares of the real estate investment trust’s stock worth $18,568,000 after purchasing an additional 63,860 shares in the last quarter. BlackRock Inc. lifted its position in shares of Caretrust REIT by 13.9% during the first quarter. BlackRock Inc. now owns 13,018,718 shares of the real estate investment trust’s stock worth $174,452,000 after purchasing an additional 1,589,055 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Caretrust REIT by 6.4% during the first quarter. New York State Common Retirement Fund now owns 82,000 shares of the real estate investment trust’s stock worth $1,099,000 after purchasing an additional 4,900 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

About Caretrust REIT

CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties. With 189 net-leased healthcare properties and three operated seniors housing properties in 25 states, CareTrust REIT is pursuing opportunities across the nation to acquire properties that will be leased to a diverse group of local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses.

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Analyst Recommendations for Caretrust REIT (NASDAQ:CTRE)

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