CareTrust REIT, Inc. (NYSE:CTRE) Given Consensus Rating of “Buy” by Brokerages

CareTrust REIT, Inc. (NYSE:CTRE) has been assigned an average recommendation of “Buy” from the five brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $43.00.

A number of research analysts have issued reports on CTRE shares. BMO Capital Markets upgraded CareTrust REIT from a “hold” rating to an “outperform” rating and set a $43.00 target price on the stock in a research report on Friday, January 9th. UBS Group upgraded shares of CareTrust REIT to a “strong-buy” rating in a research note on Tuesday, November 18th. Citizens Jmp upgraded shares of CareTrust REIT to a “strong-buy” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings raised shares of CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday.

CareTrust REIT Stock Performance

CareTrust REIT stock opened at $37.35 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 6.98 and a current ratio of 6.98. CareTrust REIT has a one year low of $24.79 and a one year high of $38.32. The stock’s 50 day moving average price is $36.95 and its 200 day moving average price is $35.02. The firm has a market capitalization of $8.34 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 1.22 and a beta of 0.75.

CareTrust REIT (NYSE:CTRE) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.35 earnings per share for the quarter. CareTrust REIT had a return on equity of 7.95% and a net margin of 61.00%.The firm had revenue of $132.44 million during the quarter.

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.