BMO Capital Cuts CareTrust REIT (NASDAQ:CTRE) Stock To a “Market Perform” Rating

June 20, 2017 - By Henry Gaston

 BMO Capital Cuts CareTrust REIT (NASDAQ:CTRE) Stock To a

CareTrust REIT (NASDAQ:CTRE) Receives a Downgrade

In a note revealed on Tuesday, 20 June, BMO Capital has decided to decreased rating on CareTrust REIT (NASDAQ:CTRE) shares to a “Market Perform”. CTRE’s prior rating was a “Outperform”.

Caretrust REIT Inc (NASDAQ:CTRE) Ratings Coverage

Among 8 analysts covering Caretrust REIT (NASDAQ:CTRE), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Caretrust REIT has $19 highest and $13 lowest target. $16’s average target is -17.01% below currents $19.28 stock price. Caretrust REIT had 13 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was initiated by RBC Capital Markets with “Outperform” on Thursday, September 24. Zacks downgraded Caretrust REIT Inc (NASDAQ:CTRE) on Wednesday, August 12 to “Hold” rating. The rating was downgraded by BMO Capital Markets to “Market Perform” on Tuesday, June 20. The firm has “Market Perform” rating by Wells Fargo given on Tuesday, July 26. The firm earned “Outperform” rating on Monday, August 24 by Raymond James. The stock has “Overweight” rating by Stephens on Wednesday, September 14. Canaccord Genuity maintained the shares of CTRE in report on Thursday, March 30 with “Buy” rating. Barclays Capital initiated Caretrust REIT Inc (NASDAQ:CTRE) rating on Monday, August 22. Barclays Capital has “Equal-Weight” rating and $16 target. On Thursday, January 14 the stock rating was initiated by BMO Capital Markets with “Outperform”. The stock has “Mkt Perform” rating by JMP Securities on Monday, October 24.

About 67,535 shares traded. Caretrust REIT Inc (NASDAQ:CTRE) has risen 46.70% since June 20, 2016 and is uptrending. It has outperformed by 30.00% the S&P500.

Analysts await Caretrust REIT Inc (NASDAQ:CTRE) to report earnings on August, 14. They expect $0.30 earnings per share, up 11.11 % or $0.03 from last year’s $0.27 per share. CTRE’s profit will be $21.92M for 16.08 P/E if the $0.30 EPS becomes a reality. After $0.29 actual earnings per share reported by Caretrust REIT Inc for the previous quarter, Wall Street now forecasts 3.45 % EPS growth.

CareTrust REIT, Inc. is a self-administered, self-managed real estate investment trust. The company has market cap of $1.41 billion. The Firm is engaged in the ownership, acquisition and leasing of healthcare-related properties. It has a 34.71 P/E ratio. It makes investments in healthcare-related real estate assets.

More notable recent Caretrust REIT Inc (NASDAQ:CTRE) news were published by: Globenewswire.com which released: “CareTrust REIT Expands Wisconsin Seniors Housing Portfolio” on February 02, 2017, also Globenewswire.com with their article: “CareTrust REIT, Inc. Increases Quarterly Dividend to $0.185 per Share” published on March 16, 2017, Globenewswire.com published: “CareTrust REIT, Inc. Prices $300.0 Million of Senior Notes due 2025” on May 10, 2017. More interesting news about Caretrust REIT Inc (NASDAQ:CTRE) were released by: Law360.com and their article: “3 Firms Steer CareTrust REIT’s $300M Notes Offering” published on May 08, 2017 as well as Globenewswire.com‘s news article titled: “CareTrust REIT Acquires Texas Portfolio” with publication date: December 01, 2016.

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