Caretrust REIT Inc (NASDAQ:CTRE) Receives Average Rating of “Buy” from Analysts

Shares of Caretrust REIT Inc (NASDAQ:CTRE) have earned a consensus rating of “Buy” from the ten brokerages that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $23.00.

Several equities research analysts recently weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a C$28.00 target price on shares of Northland Power in a research note on Tuesday, April 9th. Zacks Investment Research raised shares of HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. Stifel Nicolaus raised shares of Protagonist Therapeutics from a “hold” rating to a “buy” rating and increased their price objective for the company from $11.00 to $17.00 in a research report on Wednesday, May 8th. Raymond James reissued a “buy” rating on shares of Kelt Exploration in a research report on Friday, May 31st. Finally, BidaskClub downgraded shares of Zynga from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th.

CTRE traded down $0.06 during trading hours on Tuesday, hitting $24.07. 747,485 shares of the company’s stock were exchanged, compared to its average volume of 1,005,863. Caretrust REIT has a 12-month low of $16.29 and a 12-month high of $25.54. The stock’s 50 day moving average price is $24.36. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 18.80 and a beta of 0.78. The company has a debt-to-equity ratio of 0.84, a quick ratio of 15.94 and a current ratio of 15.94.



Caretrust REIT (NASDAQ:CTRE) last announced its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.14). Caretrust REIT had a return on equity of 8.08% and a net margin of 37.46%. The business had revenue of $39.66 million for the quarter, compared to analysts’ expectations of $40.79 million. During the same period in the previous year, the company earned $0.32 earnings per share. Caretrust REIT’s quarterly revenue was up 4.1% on a year-over-year basis. Analysts predict that Caretrust REIT will post 1.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Thursday, June 27th. Caretrust REIT’s dividend payout ratio is presently 70.31%.

Several large investors have recently made changes to their positions in CTRE. Quadrant Capital Group LLC grew its position in shares of Caretrust REIT by 685.3% in the 1st quarter. Quadrant Capital Group LLC now owns 2,733 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 2,385 shares during the last quarter. Advisor Group Inc. grew its position in shares of Caretrust REIT by 60.4% in the 4th quarter. Advisor Group Inc. now owns 4,168 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 1,570 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new position in shares of Caretrust REIT in the 4th quarter valued at $89,000. Nisa Investment Advisors LLC purchased a new position in shares of Caretrust REIT in the 1st quarter valued at $92,000. Finally, First Quadrant L P CA acquired a new stake in Caretrust REIT during the 1st quarter worth $127,000. 84.72% of the stock is currently owned by institutional investors.

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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