Weekly Analysts’ Ratings Changes for Caretrust REIT (CTRE)

Several brokerages have updated their recommendations and price targets on shares of Caretrust REIT (NASDAQ: CTRE) in the last few weeks:

  • 9/12/2019 – Caretrust REIT was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/12/2019 – Caretrust REIT is now covered by analysts at Berenberg Bank. They set a “buy” rating on the stock.
  • 9/3/2019 – Caretrust REIT is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $26.00 price target on the stock.
  • 8/27/2019 – Caretrust REIT was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/21/2019 – Caretrust REIT was upgraded by analysts at Capital One Financial Corp. from an “equal weight” rating to an “overweight” rating. They now have a $25.00 price target on the stock.
  • 8/19/2019 – Caretrust REIT was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. 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. “
  • 8/8/2019 – Caretrust REIT was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 8/7/2019 – Caretrust REIT had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $26.00 price target on the stock.
  • 8/6/2019 – Caretrust REIT was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/1/2019 – Caretrust REIT was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/31/2019 – Caretrust REIT was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 7/24/2019 – Caretrust REIT was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

CTRE traded down $0.26 during mid-day trading on Thursday, hitting $23.14. The stock had a trading volume of 929,579 shares, compared to its average volume of 909,714. The stock’s fifty day simple moving average is $23.38 and its 200-day simple moving average is $23.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 18.08 and a beta of 0.73. Caretrust REIT Inc has a 1-year low of $16.68 and a 1-year high of $25.54.

Caretrust REIT (NASDAQ:CTRE) last posted its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.14). The firm had revenue of $46.20 million during the quarter, compared to analyst estimates of $43.23 million. Caretrust REIT had a return on equity of 8.08% and a net margin of 39.70%. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter last year, the business posted $0.33 earnings per share. As a group, research analysts expect that Caretrust REIT Inc will post 1.37 earnings per share for the current fiscal year.



Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Caretrust REIT by 9.8% during the second quarter. BlackRock Inc. now owns 18,664,330 shares of the real estate investment trust’s stock worth $443,836,000 after acquiring an additional 1,666,016 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Caretrust REIT by 13.4% during the second quarter. Vanguard Group Inc. now owns 14,976,743 shares of the real estate investment trust’s stock worth $356,147,000 after acquiring an additional 1,767,795 shares in the last quarter. Invesco Ltd. increased its position in shares of Caretrust REIT by 295.6% during the second quarter. Invesco Ltd. now owns 3,284,547 shares of the real estate investment trust’s stock worth $78,107,000 after acquiring an additional 2,454,244 shares in the last quarter. Northern Trust Corp increased its position in shares of Caretrust REIT by 6.1% during the second quarter. Northern Trust Corp now owns 1,922,226 shares of the real estate investment trust’s stock worth $45,710,000 after acquiring an additional 109,856 shares in the last quarter. Finally, Centersquare Investment Management LLC increased its position in shares of Caretrust REIT by 11,620.8% during the first quarter. Centersquare Investment Management LLC now owns 1,726,830 shares of the real estate investment trust’s stock worth $174,000 after acquiring an additional 1,712,097 shares in the last quarter. 88.53% of the stock is owned by institutional investors.

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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