CareTrust REIT (NASDAQ:CTRE) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report released on Saturday.

Several other equities research analysts have also recently weighed in on CTRE. Zacks Investment Research cut shares of CareTrust REIT from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. KeyCorp reissued a “buy” rating and set a $20.00 price target on shares of CareTrust REIT in a research report on Friday, August 25th. Capital One Financial started coverage on shares of CareTrust REIT in a research report on Monday, October 23rd. They set an “equal weight” rating and a $21.00 price target for the company. Stifel Nicolaus reissued a “hold” rating and set a $19.00 price target (up previously from $17.00) on shares of CareTrust REIT in a research report on Thursday, November 9th. Finally, BMO Capital Markets reissued a “hold” rating and set a $20.00 price target on shares of CareTrust REIT in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. CareTrust REIT has an average rating of “Hold” and an average target price of $19.38.

Shares of CareTrust REIT (NASDAQ:CTRE) traded down $0.17 on Friday, reaching $18.05. 557,942 shares of the company’s stock traded hands, compared to its average volume of 409,197. The stock has a market cap of $1,383.31, a PE ratio of 15.71, a P/E/G ratio of 3.91 and a beta of 0.78. 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 fifty-two week low of $14.27 and a fifty-two week high of $19.86.

CareTrust REIT (NASDAQ:CTRE) last announced its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). The firm had revenue of $32.90 million for the quarter, compared to analysts’ expectations of $32.91 million. CareTrust REIT had a net margin of 25.68% and a return on equity of 5.76%. The company’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. analysts predict that CareTrust REIT will post 1.16 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Riverhead Capital Management LLC raised its holdings in CareTrust REIT by 90.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,529 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 2,629 shares in the last quarter. GAM Holding AG raised its holdings in CareTrust REIT by 19.6% in the 2nd quarter. GAM Holding AG now owns 6,100 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised 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 worth $116,000 after purchasing an additional 437 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in CareTrust REIT by 18.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,329 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 975 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in CareTrust REIT by 24.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,606 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 91.25% of the company’s stock.

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About CareTrust REIT

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.

Analyst Recommendations for CareTrust REIT (NASDAQ:CTRE)

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