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

CTRE has been the subject of a number of research reports. Canaccord Genuity increased their price objective on CareTrust REIT from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Co. initiated coverage on CareTrust REIT in a report on Tuesday, July 26th. They issued a “market perform” rating for the company. Zacks Investment Research downgraded CareTrust REIT from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. Finally, TheStreet upgraded CareTrust REIT from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $14.83.

The firm’s 50-day moving average is $14.36 and its 200 day moving average is $12.91. The company has a market capitalization of $847.58 million and a PE ratio of 38.03.

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