Weekly Analysts’ Ratings Updates for Caretrust REIT (CTRE)

A number of firms have modified their ratings and price targets on shares of Caretrust REIT (NASDAQ: CTRE) recently:

  • 11/26/2018 – Caretrust REIT was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CareTrust REIT, Inc. is a real estate investment trust. It is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company leases healthcare facilities to healthcare operators in triple-net lease arrangements. CareTrust REIT, Inc. is based in United States. “
  • 11/19/2018 – Caretrust REIT was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “CareTrust REIT, Inc. is a real estate investment trust. It is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company leases healthcare facilities to healthcare operators in triple-net lease arrangements. CareTrust REIT, Inc. is based in United States. “
  • 11/8/2018 – Caretrust REIT was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 11/7/2018 – Caretrust REIT was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “CareTrust REIT, Inc. is a real estate investment trust. It is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company leases healthcare facilities to healthcare operators in triple-net lease arrangements. CareTrust REIT, Inc. is based in United States. “
  • 11/5/2018 – Caretrust REIT had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $20.00 price target on the stock. They wrote, “We rate CTRE 12-month price target of $20. We believe that the market underappreciates the skilled nursing opportunity and that CTRE is well positioned to capitalize on the consolidation of the skilled nursing market. In our view, the skilled nursing industry is well-positioned to provide post-acute care like short-stay rehab and capitalize on the increasingly value-based reimbursement market. 12-month price target of $20 is based on a blended approach of discounted cash flow analysis and comparable-company analysis.””
  • 10/29/2018 – Caretrust REIT was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CareTrust REIT, Inc. is a real estate investment trust. It is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company leases healthcare facilities to healthcare operators in triple-net lease arrangements. CareTrust REIT, Inc. is based in United States. “
  • 10/29/2018 – Caretrust REIT had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $20.00 price target on the stock. They wrote, “We rate CTRE 12-month price target of $20. We believe that the market underappreciates the skilled nursing opportunity and that CTRE is well positioned to capitalize on the consolidation of the skilled nursing market. In our view, the skilled nursing industry is well-positioned to provide post-acute care like short-stay rehab and capitalize on the increasingly value-based reimbursement market. 12-month price target of $20 is based on a blended approach of discounted cash flow analysis and comparable-company analysis.””
  • 10/22/2018 – Caretrust REIT was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CareTrust REIT, Inc. is a real estate investment trust. It is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company leases healthcare facilities to healthcare operators in triple-net lease arrangements. CareTrust REIT, Inc. is based in United States. “
  • 10/18/2018 – Caretrust REIT was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/12/2018 – Caretrust REIT was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CareTrust REIT, Inc. is a real estate investment trust. It is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company leases healthcare facilities to healthcare operators in triple-net lease arrangements. CareTrust REIT, Inc. is based in United States. “
  • 10/9/2018 – Caretrust REIT was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/5/2018 – Caretrust REIT was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “CareTrust REIT, Inc. is a real estate investment trust. It is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company leases healthcare facilities to healthcare operators in triple-net lease arrangements. CareTrust REIT, Inc. is based in United States. “
  • 10/3/2018 – Caretrust REIT was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

NASDAQ:CTRE opened at $19.26 on Tuesday. The company has a market cap of $1.63 billion, a PE ratio of 16.60, a P/E/G ratio of 3.05 and a beta of 0.73. Caretrust REIT Inc has a fifty-two week low of $12.73 and a fifty-two week high of $19.86. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.67.

Caretrust REIT (NASDAQ:CTRE) last released its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). The company had revenue of $39.50 million for 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%. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period last year, the company posted $0.28 EPS. Sell-side analysts anticipate that Caretrust REIT Inc will post 1.28 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in CTRE. BlackRock Inc. raised its holdings in shares of Caretrust REIT by 15.0% during the second quarter. BlackRock Inc. now owns 14,967,382 shares of the real estate investment trust’s stock valued at $249,805,000 after acquiring an additional 1,948,664 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Caretrust REIT by 61.7% during the second quarter. Bank of New York Mellon Corp now owns 1,867,666 shares of the real estate investment trust’s stock valued at $31,171,000 after acquiring an additional 712,936 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Caretrust REIT by 34.2% during the second quarter. Millennium Management LLC now owns 2,198,326 shares of the real estate investment trust’s stock valued at $36,690,000 after acquiring an additional 560,210 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Caretrust REIT by 4.7% during the third quarter. Vanguard Group Inc. now owns 11,880,091 shares of the real estate investment trust’s stock valued at $210,397,000 after acquiring an additional 538,327 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Caretrust REIT by 69.9% during the second quarter. American Century Companies Inc. now owns 1,129,004 shares of the real estate investment trust’s stock valued at $18,843,000 after acquiring an additional 464,307 shares in the last quarter. Institutional investors own 85.86% of the company’s stock.

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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