Brokerages Set CareTrust REIT, Inc. (NASDAQ:CTRE) PT at $21.17

Shares of CareTrust REIT, Inc. (NASDAQ:CTREGet Rating) have been given an average recommendation of “Hold” by the nine research firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $21.17.

A number of research analysts have weighed in on the stock. BMO Capital Markets downgraded shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and set a $20.00 price objective for the company. in a research report on Friday, March 11th. Zacks Investment Research upgraded shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 10th. Barclays cut shares of CareTrust REIT from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $22.00 to $17.00 in a research note on Monday, April 18th. Credit Suisse Group assumed coverage on shares of CareTrust REIT in a research note on Tuesday, February 1st. They set a “neutral” rating and a $22.00 target price for the company. Finally, TheStreet cut shares of CareTrust REIT from a “b” rating to a “c+” rating in a research note on Monday, February 14th.

Institutional investors have recently bought and sold shares of the company. Rise Advisors LLC acquired a new position in shares of CareTrust REIT in the 4th quarter worth approximately $32,000. Quadrant Capital Group LLC lifted its holdings in shares of CareTrust REIT by 297.7% in the 1st quarter. Quadrant Capital Group LLC now owns 1,754 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 1,313 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of CareTrust REIT by 67.8% in the 4th quarter. IFP Advisors Inc now owns 1,767 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 714 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of CareTrust REIT by 301.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,223 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 1,669 shares during the last quarter. Finally, MBM Wealth Consultants LLC acquired a new position in shares of CareTrust REIT in the 4th quarter worth approximately $54,000. 85.43% of the stock is owned by institutional investors and hedge funds.

NASDAQ CTRE traded up $0.25 on Thursday, reaching $17.63. 33,320 shares of the company’s stock traded hands, compared to its average volume of 737,796. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 221.25 and a beta of 1.20. The stock has a 50 day moving average price of $17.83 and a 200-day moving average price of $19.72. CareTrust REIT has a fifty-two week low of $15.90 and a fifty-two week high of $24.58. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.88 and a current ratio of 1.16.

CareTrust REIT (NASDAQ:CTREGet Rating) last posted its earnings results on Tuesday, February 15th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.06). CareTrust REIT had a net margin of 4.26% and a return on equity of 0.91%. During the same quarter last year, the company earned $0.36 EPS. As a group, equities research analysts anticipate that CareTrust REIT will post 1.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were paid a $0.275 dividend. This is a boost from CareTrust REIT’s previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, March 30th. This represents a $1.10 annualized dividend and a dividend yield of 6.24%. CareTrust REIT’s dividend payout ratio is 1,375.00%.

About CareTrust REIT (Get Rating)

CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.

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