CareTrust REIT Inc. (NASDAQ:CTRE) hit a new 52-week high during trading on Wednesday . The company traded as high as $14.73 and last traded at $14.50, with a volume of 139,299 shares trading hands. The stock had previously closed at $14.54.

A number of brokerages have commented on CTRE. TheStreet upgraded CareTrust REIT from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Zacks Investment Research lowered CareTrust REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, June 8th. Raymond James Financial Inc. reissued an “outperform” rating and set a $14.00 price target (up previously from $13.00) on shares of CareTrust REIT in a research note on Tuesday, April 12th. Canaccord Genuity reissued a “buy” rating and set a $16.00 price target on shares of CareTrust REIT in a research note on Thursday, May 12th. Finally, BMO Capital Markets increased their price target on CareTrust REIT from $12.50 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 30th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $14.33.

The stock has a market cap of $833.38 million and a price-to-earnings ratio of 45.54. The firm has a 50-day moving average of $13.76 and a 200 day moving average of $12.28.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.73%. 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.