Shares of Caretrust REIT Inc (NASDAQ:CTRE) have earned a consensus recommendation of “Hold” from the eleven research firms that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $21.29.

CTRE has been the topic of several analyst reports. TheStreet lowered shares of Caretrust REIT from a “b-” rating to a “c+” rating in a research note on Thursday, April 2nd. BidaskClub upgraded shares of Caretrust REIT from a “sell” rating to a “hold” rating in a research note on Thursday, May 28th. Berenberg Bank lowered shares of Caretrust REIT from a “buy” rating to a “hold” rating and set a $24.00 price target on the stock. in a research note on Friday, February 28th. Wells Fargo & Co dropped their price target on shares of Caretrust REIT from $24.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, March 26th. Finally, Mizuho upgraded shares of Caretrust REIT from an “underperform” rating to a “neutral” rating and dropped their price target for the stock from $19.00 to $13.00 in a research note on Monday, April 6th.

Shares of NASDAQ:CTRE traded up $0.68 during mid-day trading on Friday, hitting $19.65. The stock had a trading volume of 72,641 shares, compared to its average volume of 730,760. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $1.82 billion, a PE ratio of 36.48 and a beta of 1.04. Caretrust REIT has a 12-month low of $7.16 and a 12-month high of $25.30. The company’s 50 day moving average is $17.16 and its 200-day moving average is $19.20.

Caretrust REIT (NASDAQ:CTRE) last released its earnings results on Thursday, May 7th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.14). Caretrust REIT had a return on equity of 5.32% and a net margin of 29.53%. The company had revenue of $44.34 million during the quarter, compared to analysts’ expectations of $43.20 million. On average, equities research analysts predict that Caretrust REIT will post 1.34 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. grew its position in Caretrust REIT by 455.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,501 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,231 shares during the period. Nvwm LLC raised its holdings in Caretrust REIT by 95.2% in the 1st quarter. Nvwm LLC now owns 4,100 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 2,000 shares during the period. Advisor Group Inc. raised its holdings in Caretrust REIT by 5.6% in the 4th quarter. Advisor Group Inc. now owns 9,919 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 528 shares during the period. Eii Capital Management Inc. raised its holdings in Caretrust REIT by 20.3% in the 1st quarter. Eii Capital Management Inc. now owns 10,054 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 1,696 shares during the period. Finally, Hancock Whitney Corp acquired a new position in Caretrust REIT in the 4th quarter worth about $235,000. Institutional investors and hedge funds own 90.86% of the company’s stock.

Caretrust REIT Company Profile

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 199 net-leased healthcare properties and three operated seniors housing properties in 27 states, CareTrust 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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