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

CareTrust REIT, Inc. (NYSE:CTRE) has been given a consensus recommendation of “Buy” by the five brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, one has assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $43.00.

Several brokerages have recently commented on CTRE. BMO Capital Markets upgraded shares of CareTrust REIT from a “hold” rating to an “outperform” rating and set a $43.00 target price for the company in a research report on Friday, January 9th. Weiss Ratings upgraded CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, January 26th. UBS Group raised shares of CareTrust REIT to a “strong-buy” rating in a research note on Tuesday, November 18th. Finally, Citizens Jmp raised shares of CareTrust REIT to a “strong-buy” rating in a research report on Thursday, January 22nd.

CareTrust REIT Trading Up 2.8%

CareTrust REIT stock opened at $41.13 on Wednesday. CareTrust REIT has a 52 week low of $24.79 and a 52 week high of $41.36. The stock has a 50-day simple moving average of $37.26 and a 200 day simple moving average of $35.73. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market capitalization of $9.19 billion, a P/E ratio of 26.54, a PEG ratio of 1.40 and a beta of 0.75.

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.