CareTrust REIT Inc. (NASDAQ:CTRE)’s share price was up 1.7% during trading on Thursday . The company traded as high as $15.21 and last traded at $15.18, with a volume of 141,391 shares traded. The stock had previously closed at $14.93.

A number of equities analysts recently commented on CTRE shares. Canaccord Genuity boosted their target price on shares of CareTrust REIT from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, August 15th. Zacks Investment Research downgraded shares of CareTrust REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, July 19th. TheStreet upgraded shares of CareTrust REIT from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. Raymond James Financial Inc. started coverage on shares of CareTrust REIT in a research note on Thursday. They set an “outperform” rating and a $13.50 target price for the company. Finally, Barclays PLC started coverage on shares of CareTrust REIT in a research note on Monday. They set an “equal weight” rating and a $16.00 target price for the company. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $14.93.

The company has a market capitalization of $876.53 million and a P/E ratio of 39.32. The stock’s 50-day moving average is $14.55 and its 200-day moving average is $13.12.

CareTrust REIT (NASDAQ:CTRE) last posted its quarterly earnings results on Monday, August 8th. The real estate investment trust reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. During the same period last year, the firm posted $0.25 earnings per share. The business earned $25.70 million during the quarter, compared to analyst estimates of $23.68 million. The company’s quarterly revenue was up 47.9% on a year-over-year basis. Analysts forecast that CareTrust REIT Inc. will post $1.09 EPS for the current fiscal year.

CareTrust REIT, Inc is a self-administered, self-managed real estate investment trust (REIT). The Company is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company’s segment consists of investments in healthcare-related real estate assets. The Company’s real estate portfolio includes approximately 120 skilled nursing facilities (SNFs), assisted living facilities (ALFs) and independent living facilities (ILFs).

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