Short Interest in CareTrust REIT, Inc. (NYSE:CTRE) Expands By 41.5%

CareTrust REIT, Inc. (NYSE:CTRE) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 13,576,389 shares, a growth of 41.5% from the November 30th total of 9,596,556 shares. Currently, 6.1% of the shares of the company are short sold. Based on an average daily volume of 1,843,037 shares, the short-interest ratio is presently 7.4 days. Based on an average daily volume of 1,843,037 shares, the short-interest ratio is presently 7.4 days. Currently, 6.1% of the shares of the company are short sold.

CareTrust REIT Price Performance

Shares of NYSE:CTRE traded up $0.35 during midday trading on Monday, hitting $37.03. The stock had a trading volume of 961,361 shares, compared to its average volume of 1,813,355. The company’s 50-day moving average price is $36.33 and its 200-day moving average price is $34.01. CareTrust REIT has a fifty-two week low of $24.79 and a fifty-two week high of $38.32. The company has a quick ratio of 6.98, a current ratio of 6.98 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $8.27 billion, a P/E ratio of 27.63, a price-to-earnings-growth ratio of 1.40 and a beta of 0.77.

CareTrust REIT (NYSE:CTRE) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.35 earnings per share (EPS) for the quarter. CareTrust REIT had a net margin of 61.00% and a return on equity of 7.95%. The business had revenue of $132.44 million for the quarter.

Wall Street Analysts Forecast Growth

CTRE has been the topic of several recent research reports. UBS Group raised shares of CareTrust REIT to a “strong-buy” rating in a report on Tuesday, November 18th. Weiss Ratings restated a “buy (a-)” rating on shares of CareTrust REIT in a research note on Monday, December 22nd. Finally, Cantor Fitzgerald raised CareTrust REIT to a “hold” rating in a report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a real estate investment trust based in Deerfield Beach, Florida, specializing in the ownership, acquisition and management of net-leased healthcare properties. The company primarily focuses on seniors housing and post-acute care facilities, entering into long-term, triple-net lease agreements with leading operators in the skilled nursing, assisted living, memory care, inpatient rehabilitation and specialty hospital sectors. Through its portfolio, CareTrust REIT aims to provide investors with stable and predictable rental income while supporting the ongoing demand for quality healthcare real estate across the United States.

Since its initial public offering in September 2013, CareTrust REIT has pursued a disciplined acquisition strategy, targeting properties in primary and select secondary markets.