CareTrust REIT Inc. (NASDAQ:CTRE) fell 2.8% on Tuesday . The company traded as low as $14.68 and last traded at $14.70, with a volume of 90,570 shares changing hands. The stock had previously closed at $15.12.

Several equities research analysts recently commented on CTRE shares. Wells Fargo & Co. started coverage on shares of CareTrust REIT in a research note on Tuesday, July 26th. They set a “market perform” rating on the stock. Canaccord Genuity reiterated a “buy” rating and set a $16.00 price target on shares of CareTrust REIT in a research note on Thursday, May 12th. Zacks Investment Research upgraded shares of CareTrust REIT from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, August 10th. Finally, TheStreet upgraded shares of CareTrust REIT from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. CareTrust REIT currently has a consensus rating of “Buy” and a consensus price target of $14.83.

The firm has a market cap of $855.11 million and a P/E ratio of 38.36. The company’s 50-day moving average price is $14.44 and its 200-day moving average price is $12.96.

CareTrust REIT (NASDAQ:CTRE) last released its quarterly earnings data on Monday, August 8th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The business had revenue of $25.70 million for the quarter, compared to analysts’ expectations of $23.68 million. CareTrust REIT’s quarterly revenue was up 47.9% compared to the same quarter last year. Equities research analysts anticipate that CareTrust REIT Inc. will post $1.09 EPS for the current year.

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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