CareTrust REIT (NYSE:CTRE) Upgraded by Citizens Jmp to Strong-Buy Rating

CareTrust REIT (NYSE:CTRE) was upgraded by investment analysts at Citizens Jmp to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

A number of other brokerages have also commented on CTRE. UBS Group raised shares of CareTrust REIT to a “strong-buy” rating in a research report on Tuesday, November 18th. Weiss Ratings cut CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, January 12th. BMO Capital Markets raised CareTrust REIT from a “hold” rating to an “outperform” rating and set a $43.00 price objective on the stock in a report on Friday, January 9th. Finally, Cantor Fitzgerald upgraded CareTrust REIT to a “hold” rating in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $43.00.

CareTrust REIT Stock Up 0.7%

CTRE opened at $36.79 on Thursday. CareTrust REIT has a 1-year low of $24.79 and a 1-year high of $38.32. The company has a current ratio of 6.98, a quick ratio of 6.98 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 27.46, a P/E/G ratio of 1.20 and a beta of 0.75. The business has a 50 day moving average of $36.92 and a 200-day moving average of $34.81.

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. The business had revenue of $132.44 million for the quarter. CareTrust REIT had a net margin of 61.00% and a return on equity of 7.95%.

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.