Caretrust REIT Inc (CTRE) Short Interest Down 32.2% in November

Caretrust REIT Inc (NASDAQ:CTRE) saw a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 2,520,536 shares, a decrease of 32.2% from the November 15th total of 3,716,233 shares. Based on an average daily volume of 463,812 shares, the days-to-cover ratio is presently 5.4 days. Approximately 3.4% of the shares of the company are short sold.

Several equities analysts have recently commented on the company. Capital One Financial reaffirmed an “equal weight” rating and set a $21.00 target price on shares of Caretrust REIT in a report on Sunday, October 22nd. Zacks Investment Research raised Caretrust REIT from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. Stifel Nicolaus reissued a “hold” rating and issued a $19.00 price objective (up from $17.00) on shares of Caretrust REIT in a report on Thursday, November 9th. BidaskClub lowered Caretrust REIT from a “hold” rating to a “sell” rating in a report on Saturday, December 2nd. Finally, BMO Capital Markets reissued a “hold” rating and issued a $20.00 price objective on shares of Caretrust REIT in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $19.88.

Several large investors have recently made changes to their positions in CTRE. Vanguard Group Inc. lifted its position in shares of Caretrust REIT by 6.4% during the 2nd quarter. Vanguard Group Inc. now owns 11,249,983 shares of the real estate investment trust’s stock valued at $208,575,000 after acquiring an additional 677,395 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Caretrust REIT by 624.1% during the 2nd quarter. Teachers Advisors LLC now owns 764,608 shares of the real estate investment trust’s stock valued at $14,176,000 after acquiring an additional 659,012 shares during the last quarter. BlackRock Inc. lifted its position in shares of Caretrust REIT by 7.0% during the 2nd quarter. BlackRock Inc. now owns 9,911,033 shares of the real estate investment trust’s stock valued at $183,750,000 after acquiring an additional 645,109 shares during the last quarter. Fiera Capital Corp acquired a new stake in shares of Caretrust REIT during the 2nd quarter valued at $11,946,000. Finally, FMR LLC lifted its position in shares of Caretrust REIT by 8.8% during the 2nd quarter. FMR LLC now owns 6,865,434 shares of the real estate investment trust’s stock valued at $127,285,000 after acquiring an additional 553,735 shares during the last quarter. Institutional investors own 91.15% of the company’s stock.

Caretrust REIT (CTRE) traded down $0.18 on Thursday, reaching $15.69. The company’s stock had a trading volume of 639,566 shares, compared to its average volume of 645,046. The firm has a market capitalization of $1,190.00, a P/E ratio of 34.11, a price-to-earnings-growth ratio of 2.50 and a beta of 0.67. 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 has a 12-month low of $14.71 and a 12-month high of $19.86.

Caretrust REIT (NASDAQ:CTRE) last released its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The firm had revenue of $32.90 million during the quarter, compared to analyst estimates of $32.91 million. Caretrust REIT had a return on equity of 5.76% and a net margin of 25.68%. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter last year, the company earned $0.28 earnings per share. research analysts predict that Caretrust REIT will post 1.16 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.185 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 4.72%. Caretrust REIT’s dividend payout ratio (DPR) is presently 160.87%.

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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.

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