CareTrust REIT, Inc. (NASDAQ:CTRE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

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. “

Several other research firms have also recently weighed in on CTRE. Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.00 price target (up previously from $17.00) on shares of CareTrust REIT in a report on Thursday, November 9th. KeyCorp reaffirmed a “buy” rating and issued a $20.00 price target on shares of CareTrust REIT in a report on Friday, August 25th. Capital One Financial Corporation began coverage on shares of CareTrust REIT in a report on Monday, October 23rd. They issued an “equal weight” rating and a $21.00 price target on the stock. BidaskClub raised shares of CareTrust REIT from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $20.00 price target on shares of CareTrust REIT in a report on Thursday, November 9th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. CareTrust REIT has an average rating of “Hold” and an average price target of $19.38.

CareTrust REIT (NASDAQ:CTRE) opened at $18.76 on Tuesday. The firm has a market cap of $1,408.37, a price-to-earnings ratio of 15.99, a PEG ratio of 3.96 and a beta of 0.83. CareTrust REIT has a 1-year low of $13.89 and a 1-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 quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The firm 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%. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. research analysts expect that CareTrust REIT will post 1.17 EPS for the current year.

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A number of large investors have recently made changes to their positions in the stock. LS Investment Advisors LLC grew its position in CareTrust REIT by 2.0% in the second quarter. LS Investment Advisors LLC now owns 7,062 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 138 shares in the last quarter. Navellier & Associates Inc grew its position in CareTrust REIT by 1.0% in the second quarter. Navellier & Associates Inc now owns 41,831 shares of the real estate investment trust’s stock worth $776,000 after acquiring an additional 421 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in CareTrust REIT by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,277 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 437 shares in the last quarter. Pinebridge Investments L.P. grew its position in CareTrust REIT by 10.7% in the second quarter. Pinebridge Investments L.P. now owns 9,558 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 920 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its position in CareTrust REIT by 18.2% in the second quarter. Ameritas Investment Partners Inc. now owns 6,329 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 975 shares in the last quarter. Institutional investors own 91.41% of the company’s stock.

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.

Analyst Recommendations for CareTrust REIT (NASDAQ:CTRE)

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