CareTrust REIT (NYSE:CTRE) Rating Increased to Strong-Buy at BMO Capital Markets

BMO Capital Markets upgraded shares of CareTrust REIT (NYSE:CTRE) from a hold rating to a strong-buy rating in a research report released on Friday morning,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. UBS Group raised CareTrust REIT to a “strong-buy” rating in a report on Tuesday, November 18th. Cantor Fitzgerald raised CareTrust REIT to a “hold” rating in a research report on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of CareTrust REIT in a report on Monday, December 29th. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CareTrust REIT presently has a consensus rating of “Strong Buy”.

CareTrust REIT Price Performance

Shares of CareTrust REIT stock opened at $37.29 on Friday. CareTrust REIT has a 52 week low of $24.79 and a 52 week 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 cap of $8.33 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 1.22 and a beta of 0.75. The company’s 50-day moving average price is $36.66 and its two-hundred day moving average price is $34.36.

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