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

Shares of CareTrust REIT, Inc. (NYSE:CTRE) have earned a consensus recommendation of “Buy” from the five brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, one has assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $43.00.

A number of equities analysts have issued reports on CTRE shares. Weiss Ratings raised shares of CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday. BMO Capital Markets raised shares of CareTrust REIT from a “hold” rating to an “outperform” rating and set a $43.00 price objective for the company in a research report on Friday, January 9th. Cantor Fitzgerald raised shares of CareTrust REIT to a “hold” rating in a research report on Wednesday, October 1st. Citizens Jmp raised CareTrust REIT to a “strong-buy” rating in a report on Thursday, January 22nd. Finally, UBS Group upgraded CareTrust REIT to a “strong-buy” rating in a report on Tuesday, November 18th.

CareTrust REIT Stock Performance

Shares of CTRE opened at $36.56 on Friday. The firm has a market capitalization of $8.16 billion, a P/E ratio of 27.28, a P/E/G ratio of 1.19 and a beta of 0.75. CareTrust REIT has a 52 week low of $24.79 and a 52 week high of $38.32. The stock has a 50 day moving average price of $36.92 and a two-hundred day moving average price of $34.96. 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 (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 return on equity of 7.95% and a net margin of 61.00%.The company had revenue of $132.44 million for the quarter.

About CareTrust REIT

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.