CareTrust REIT Inc. (CTRE) Trading Up 1.7%
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).
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 MarketBeat.com's FREE daily email newsletter.