Caretrust REIT Inc (CTRE) Short Interest Up 59.5% in January

Caretrust REIT Inc (NASDAQ:CTRE) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 3,449,629 shares, a growth of 59.5% from the January 12th total of 2,163,047 shares. Approximately 4.6% of the shares of the company are short sold. Based on an average trading volume of 811,549 shares, the days-to-cover ratio is currently 4.3 days.

A number of research analysts have issued reports on CTRE shares. Stephens set a $19.00 price target on Caretrust REIT and gave the company a “buy” rating in a report on Friday, January 12th. Stifel Nicolaus reissued a “hold” rating and issued a $19.00 price target (up from $17.00) on shares of Caretrust REIT in a report on Thursday, November 9th. ValuEngine downgraded Caretrust REIT from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research raised Caretrust REIT from a “sell” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, October 24th. Finally, BidaskClub downgraded Caretrust REIT from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Caretrust REIT currently has an average rating of “Hold” and a consensus target price of $19.78.

Shares of Caretrust REIT (NASDAQ CTRE) traded up $0.34 during mid-day trading on Friday, hitting $15.04. The stock had a trading volume of 1,418,787 shares, compared to its average volume of 783,523. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.81. The firm has a market cap of $1,130.00, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 2.32 and a beta of 0.55. Caretrust REIT has a twelve month low of $14.69 and a twelve month high of $19.86.

Caretrust REIT (NASDAQ:CTRE) last announced 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 business had revenue of $32.90 million for the quarter, compared to analyst estimates of $32.91 million. Caretrust REIT had a return on equity of 5.76% and a net margin of 25.68%. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. research analysts forecast that Caretrust REIT will post 1.16 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 4.92%. The ex-dividend date of this dividend was Thursday, December 28th. Caretrust REIT’s payout ratio is 160.87%.

Several hedge funds have recently made changes to their positions in the company. Navellier & Associates Inc raised its stake in shares of Caretrust REIT by 1.0% during the 2nd quarter. Navellier & Associates Inc now owns 41,831 shares of the real estate investment trust’s stock worth $776,000 after buying an additional 421 shares during the period. Ameritas Investment Partners Inc. raised its stake 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 valued at $117,000 after purchasing an additional 975 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Caretrust REIT by 3.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 26,700 shares of the real estate investment trust’s stock valued at $495,000 after purchasing an additional 1,000 shares during the last quarter. California State Teachers Retirement System raised its stake in Caretrust REIT by 1.3% in the 2nd quarter. California State Teachers Retirement System now owns 127,759 shares of the real estate investment trust’s stock valued at $2,369,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Profund Advisors LLC raised its stake in Caretrust REIT by 17.1% in the 2nd quarter. Profund Advisors LLC now owns 13,560 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 1,976 shares during the last quarter. 90.58% of the stock is owned by institutional investors and hedge funds.

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Caretrust REIT Company Profile

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.

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