NASDAQ:CTRECaretrust REIT Stock Price, Forecast & News

Caretrust REIT's stock was trading at $16.99 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CTRE stock has decreased by 1.8% and is now trading at $16.68. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Caretrust REIT in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Caretrust REIT.

Caretrust REIT is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Caretrust REIT.

Caretrust REIT Inc (NASDAQ:CTRE) announced its earnings results on Thursday, May, 7th. The real estate investment trust reported $0.20 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.34 by $0.14. The real estate investment trust had revenue of $44.34 million for the quarter, compared to the consensus estimate of $43.20 million. Caretrust REIT had a net margin of 29.53% and a return on equity of 5.32%. View Caretrust REIT's earnings history.

Caretrust REIT declared a quarterly dividend on Wednesday, June 17th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.25 per share on Wednesday, July 15th. This represents a $1.00 annualized dividend and a yield of 6.00%. The ex-dividend date is Monday, June 29th. View Caretrust REIT's dividend history.

Caretrust REIT updated its FY 2020 After-Hours earnings guidance on Thursday, May, 7th. The company provided earnings per share guidance of 1.32-1.34 for the period.

7 brokers have issued 12 month target prices for Caretrust REIT's shares. Their forecasts range from $13.00 to $26.00. On average, they expect Caretrust REIT's stock price to reach $21.43 in the next twelve months. This suggests a possible upside of 28.5% from the stock's current price. View analysts' price targets for Caretrust REIT.

News coverage about CTRE stock has trended negative recently, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Caretrust REIT earned a media sentiment score of -2.2 on InfoTrie's scale. They also gave media stories about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news about Caretrust REIT.

Caretrust REIT saw a decline in short interest in June. As of June 30th, there was short interest totaling 1,790,000 shares, a decline of 16.4% from the June 15th total of 2,140,000 shares. Based on an average trading volume of 865,200 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.9% of the company's stock are short sold. View Caretrust REIT's Current Options Chain.

Some companies that are related to Caretrust REIT include Lamar Advertising (LAMR), Federal Realty Investment Trust (FRT), National Retail Properties (NNN), Klepierre (KLPEF), Healthcare Trust Of America (HTA), Apartment Investment and Management (AIV), Store Capital (STOR), CubeSmart (CUBE), Douglas Emmett (DEI), Kimco Realty (KIM), First Industrial Realty Trust (FR), Rexford Industrial Realty (REXR), CoreSite Realty (COR), Eastgroup Properties (EGP) and Life Storage (LSI). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Caretrust REIT investors own include Omega Healthcare Investors (OHI), AGNC Investment (AGNC), Energy Transfer LP Unit (ET), Cisco Systems (CSCO), Medical Properties Trust (MPW), NVIDIA (NVDA), AT&T (T), Verizon Communications (VZ), Enterprise Products Partners (EPD) and Exxon Mobil (XOM).

Caretrust REIT trades on the NASDAQ under the ticker symbol "CTRE."

Caretrust REIT's stock is owned by many different retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.12%), Envestnet Asset Management Inc. (0.01%) and Exane Derivatives (0.01%). View institutional ownership trends for Caretrust REIT.

CTRE stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. View insider buying and selling activity for Caretrust REIT.

CTRE stock was bought by a variety of institutional investors in the last quarter, including Exane Derivatives, and State of Alaska Department of Revenue. View insider buying and selling activity for Caretrust REIT.

Shares of CTRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CTRE stock can currently be purchased for approximately $16.68.

Caretrust REIT has a market capitalization of $1.60 billion and generates $163.40 million in revenue each year. The real estate investment trust earns $46.36 million in net income (profit) each year or $1.36 on an earnings per share basis. Caretrust REIT employs 57 workers across the globe.

The official website for Caretrust REIT is www.caretrustreit.com.

Caretrust REIT's mailing address is 905 CALLE AMANECER SUITE 300, SAN CLEMENTE CA, 92673. The real estate investment trust can be reached via phone at 949-542-3130 or via email at [email protected]