CareTrust REIT Inc. (NASDAQ:CTRE) shares hit a new 52-week high on Thursday . The stock traded as high as $14.59 and last traded at $14.12, with a volume of 161,068 shares. The stock had previously closed at $14.46.

Several research analysts recently weighed in on CTRE shares. Zacks Investment Research raised shares of CareTrust REIT from a “sell” rating to a “buy” rating and set a $16.00 target price for the company in a report on Saturday, June 11th. Canaccord Genuity reaffirmed a “buy” rating and issued a $16.00 target price on shares of CareTrust REIT in a report on Thursday, May 12th. TheStreet raised shares of CareTrust REIT from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Raymond James Financial Inc. reaffirmed an “outperform” rating and issued a $14.00 target price (up previously from $13.00) on shares of CareTrust REIT in a report on Tuesday, April 12th. Finally, BMO Capital Markets boosted their price target on shares of CareTrust REIT from $12.50 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 30th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $14.33.

The firm has a market cap of $832.80 million and a PE ratio of 45.51. The stock’s 50 day moving average is $13.59 and its 200 day moving average is $12.19.

CareTrust REIT (NASDAQ:CTRE) last issued its earnings results on Wednesday, May 11th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. During the same period last year, the business earned $0.27 EPS. The business had revenue of $23.67 million for the quarter, compared to analysts’ expectations of $22.21 million. The company’s revenue for the quarter was up 39.6% on a year-over-year basis. On average, equities analysts anticipate that CareTrust REIT Inc. will post $1.09 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be issued a dividend of $0.17 per share. The ex-dividend date is Tuesday, June 28th. This represents a $0.68 annualized dividend and a dividend yield of 4.73%.

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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