Shares of Caretrust REIT Inc (NASDAQ:CTRE) have earned a consensus rating of “Buy” from the eleven ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $18.86.
Several brokerages have recently weighed in on CTRE. BidaskClub raised Caretrust REIT from a “hold” rating to a “buy” rating in a research report on Friday, August 17th. ValuEngine cut Caretrust REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. KeyCorp upped their price objective on Caretrust REIT from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, August 21st. Zacks Investment Research lowered Caretrust REIT from a “hold” rating to a “sell” rating in a report on Monday, October 29th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $20.00 target price on shares of Caretrust REIT in a report on Monday, November 5th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its stake in shares of Caretrust REIT by 22.7% in the third quarter. Janus Henderson Group PLC now owns 15,908 shares of the real estate investment trust’s stock valued at $282,000 after buying an additional 2,944 shares during the period. IndexIQ Advisors LLC raised its stake in shares of Caretrust REIT by 4.6% in the third quarter. IndexIQ Advisors LLC now owns 71,158 shares of the real estate investment trust’s stock valued at $1,260,000 after acquiring an additional 3,104 shares during the last quarter. Strs Ohio raised its stake in shares of Caretrust REIT by 2.4% in the third quarter. Strs Ohio now owns 132,050 shares of the real estate investment trust’s stock valued at $2,338,000 after acquiring an additional 3,150 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Caretrust REIT by 20.0% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,333 shares of the real estate investment trust’s stock valued at $342,000 after acquiring an additional 3,228 shares during the last quarter. Finally, Vident Investment Advisory LLC grew its holdings in Caretrust REIT by 26.9% during the 3rd quarter. Vident Investment Advisory LLC now owns 15,823 shares of the real estate investment trust’s stock worth $280,000 after acquiring an additional 3,359 shares during the period. Institutional investors and hedge funds own 90.85% of the company’s stock.
Caretrust REIT (NASDAQ:CTRE) last announced its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.14). The business had revenue of $39.50 million during the quarter, compared to analysts’ expectations of $39.37 million. Caretrust REIT had a net margin of 29.14% and a return on equity of 7.01%. Caretrust REIT’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. As a group, equities research analysts predict that Caretrust REIT will post 1.28 earnings per share for the current year.
About Caretrust REIT
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 189 net-leased healthcare properties and three operated seniors housing properties in 25 states, CareTrust REIT 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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