CareTrust REIT Inc. (NASDAQ:CTRE) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $15.68 and last traded at $15.50, with a volume of 381,172 shares traded. The stock had previously closed at $15.25.

Several research analysts have commented on CTRE shares. Canaccord Genuity lifted their price target on CareTrust REIT from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, August 15th. Zacks Investment Research downgraded CareTrust REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, July 19th. TheStreet raised CareTrust REIT from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. Raymond James Financial started coverage on CareTrust REIT in a research report on Thursday, August 25th. They issued an “outperform” rating and a $13.50 price target on the stock. Finally, Barclays PLC started coverage on CareTrust REIT in a research report on Monday, August 22nd. They issued an “equal weight” rating and a $16.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $14.93.

The firm has a 50 day moving average of $14.65 and a 200 day moving average of $13.37. The stock has a market cap of $898.77 million and a P/E ratio of 40.3226.

CareTrust REIT (NASDAQ:CTRE) last issued its quarterly earnings results on Monday, August 8th. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. During the same period last year, the company posted $0.25 earnings per share. The company had revenue of $25.70 million for the quarter, compared to analyst estimates of $23.68 million. The business’s revenue for the quarter was up 47.9% on a year-over-year basis. On average, equities research analysts expect that CareTrust REIT Inc. will post $1.10 earnings per share 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.