Somewhat Positive Media Coverage Somewhat Unlikely to Impact Caretrust REIT (CTRE) Stock Price

Press coverage about Caretrust REIT (NASDAQ:CTRE) has been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Caretrust REIT earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 45.5400364758275 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

Caretrust REIT stock traded down $0.07 during midday trading on Thursday, reaching $13.40. The company’s stock had a trading volume of 915,343 shares, compared to its average volume of 766,478. Caretrust REIT has a fifty-two week low of $12.96 and a fifty-two week high of $19.86. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market cap of $1,015.68, a P/E ratio of 37.22, a price-to-earnings-growth ratio of 2.08 and a beta of 0.74.

Caretrust REIT (NASDAQ:CTRE) last released its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.28). The firm had revenue of $36.60 million for the quarter, compared to analyst estimates of $34.73 million. Caretrust REIT had a return on equity of 4.37% and a net margin of 19.46%. sell-side analysts predict that Caretrust REIT will post 1.28 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 6.12%. The ex-dividend date is Wednesday, March 28th. This is an increase from Caretrust REIT’s previous quarterly dividend of $0.19. Caretrust REIT’s payout ratio is 205.56%.

CTRE has been the topic of a number of research analyst reports. Wells Fargo raised shares of Caretrust REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a report on Tuesday, December 19th. BidaskClub lowered shares of Caretrust REIT from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. Royal Bank of Canada restated a “hold” rating and set a $15.00 target price on shares of Caretrust REIT in a research report on Tuesday, March 6th. Zacks Investment Research lowered shares of Caretrust REIT from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. Finally, Stephens set a $19.00 target price on shares of Caretrust REIT and gave the stock a “buy” rating in a research report on Friday, January 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Caretrust REIT has an average rating of “Hold” and a consensus price target of $18.00.

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About Caretrust REIT

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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