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

CareTrust REIT, Inc. (NYSE:CTRE) has been given an average rating of “Buy” by the five brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $43.00.

Several equities analysts have issued reports on the stock. Cantor Fitzgerald upgraded shares of CareTrust REIT to a “hold” rating in a research note on Wednesday, October 1st. UBS Group raised shares of CareTrust REIT to a “strong-buy” rating in a report on Tuesday, November 18th. Weiss Ratings cut shares of CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, January 12th. BMO Capital Markets raised 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. Finally, Citizens Jmp raised CareTrust REIT to a “strong-buy” rating in a report on Thursday.

CareTrust REIT Stock Up 0.7%

CareTrust REIT stock opened at $36.79 on Friday. CareTrust REIT has a 12 month low of $24.79 and a 12 month high of $38.32. The stock has a fifty day simple moving average of $36.92 and a two-hundred day simple moving average of $34.81. 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 firm has a market cap of $8.22 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 1.20 and a beta of 0.75.

CareTrust REIT (NYSE:CTRE) last announced its quarterly 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 firm 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.