CareTrust REIT Inc. (NASDAQ:CTRE) rose 2.1% during mid-day trading on Tuesday . The company traded as high as $14.44 and last traded at $14.29, with a volume of 146,416 shares trading hands. The stock had previously closed at $13.99.

CTRE has been the topic of a number of recent analyst reports. Canaccord Genuity restated a “buy” rating and set a $15.00 price target on shares of CareTrust REIT in a report on Wednesday, March 23rd. Raymond James Financial Inc. restated an “outperform” rating and set a $14.00 price target (up previously from $13.00) on shares of CareTrust REIT in a report on Tuesday, April 12th. Zacks Investment Research upgraded shares of CareTrust REIT from a “sell” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Saturday, June 11th. BMO Capital Markets boosted their price target on shares of CareTrust REIT from $12.50 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, March 30th. Finally, TheStreet upgraded shares of CareTrust REIT from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $14.33.

The company has a market cap of $837.44 million and a PE ratio of 45.76. The firm’s 50-day moving average is $13.50 and its 200-day moving average is $12.15.

CareTrust REIT (NASDAQ:CTRE) last posted its quarterly earnings data on Wednesday, May 11th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. During the same quarter in the previous year, the business posted $0.27 EPS. The company earned $23.67 million during the quarter, compared to analyst estimates of $22.21 million. The company’s revenue was up 39.6% compared to the same quarter last year. Equities research analysts expect that CareTrust REIT Inc. will post $1.09 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.70%. The ex-dividend date is Tuesday, June 28th.

CareTrust REIT, Inc (CareTrust) is a self-administered, self-managed real estate investment trust (REIT). The Company is engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company operates through an umbrella partnership, in which all of the Company’s properties and assets are held through CTR Partnership, L.P.

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