Shares of Caretrust REIT Inc (NASDAQ:CTRE) have earned a consensus rating of “Hold” from the ten research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $19.71.

CTRE has been the subject of several research analyst reports. KeyCorp set a $20.00 target price on shares of Caretrust REIT and gave the stock a “buy” rating in a research report on Sunday, October 29th. BidaskClub downgraded shares of Caretrust REIT from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. Wells Fargo & Co raised shares of Caretrust REIT from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Tuesday, December 19th. Zacks Investment Research downgraded shares of Caretrust REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, November 21st. Finally, Capital One Financial initiated coverage on shares of Caretrust REIT in a research report on Monday, October 23rd. They issued an “equal weight” rating and a $21.00 target price for the company.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Caretrust REIT by 6.4% during the 2nd quarter. Vanguard Group Inc. now owns 11,249,983 shares of the real estate investment trust’s stock valued at $208,575,000 after buying an additional 677,395 shares during the last quarter. BlackRock Inc. grew its position in shares of Caretrust REIT by 7.0% during the 2nd quarter. BlackRock Inc. now owns 9,911,033 shares of the real estate investment trust’s stock valued at $183,750,000 after buying an additional 645,109 shares during the last quarter. FMR LLC grew its position in shares of Caretrust REIT by 8.8% during the 2nd quarter. FMR LLC now owns 6,865,434 shares of the real estate investment trust’s stock valued at $127,285,000 after buying an additional 553,735 shares during the last quarter. Wasatch Advisors Inc. grew its position in shares of Caretrust REIT by 1.0% during the 2nd quarter. Wasatch Advisors Inc. now owns 3,408,826 shares of the real estate investment trust’s stock valued at $63,200,000 after buying an additional 34,737 shares during the last quarter. Finally, State Street Corp grew its position in shares of Caretrust REIT by 12.6% during the 2nd quarter. State Street Corp now owns 1,963,432 shares of the real estate investment trust’s stock valued at $36,401,000 after buying an additional 219,997 shares during the last quarter. 91.15% of the stock is owned by institutional investors and hedge funds.

Caretrust REIT (NASDAQ:CTRE) traded down $0.37 on Friday, hitting $16.20. 606,300 shares of the stock traded hands, compared to its average volume of 553,333. The company has a market cap of $1,240.00, a P/E ratio of 35.22, a P/E/G ratio of 2.55 and a beta of 0.67. Caretrust REIT has a one year low of $14.71 and a one year high of $19.86. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.60 and a quick ratio of 1.60.

Caretrust REIT (NASDAQ:CTRE) last released its 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 company had revenue of $32.90 million during the quarter, compared to the consensus estimate of $32.91 million. Caretrust REIT had a return on equity of 5.76% and a net margin of 25.68%. Caretrust REIT’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 EPS. sell-side analysts expect that Caretrust REIT will post 1.16 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date is Thursday, December 28th. Caretrust REIT’s dividend payout ratio is presently 160.87%.

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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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