CareTrust REIT, Inc. (NYSE:CTRE) Sees Significant Growth in Short Interest

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

CareTrust REIT Price Performance

NYSE CTRE traded down $0.78 on Wednesday, hitting $36.15. The company had a trading volume of 1,454,624 shares, compared to its average volume of 1,947,016. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.98 and a quick ratio of 6.98. The company’s fifty day moving average price is $36.38 and its 200-day moving average price is $34.03. The company has a market capitalization of $8.07 billion, a PE ratio of 26.98, a PEG ratio of 1.41 and a beta of 0.77. CareTrust REIT has a 12-month low of $24.79 and a 12-month high of $38.32.

CareTrust REIT (NYSE:CTRE) last announced its earnings results 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.

Analysts Set New Price Targets

Several brokerages recently issued reports on CTRE. Cantor Fitzgerald raised shares of CareTrust REIT to a “hold” rating in a report on Wednesday, October 1st. Weiss Ratings reiterated a “buy (a-)” rating on shares of CareTrust REIT in a research note on Monday. Finally, UBS Group raised CareTrust REIT to a “strong-buy” rating in a report on Tuesday, November 18th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently 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.