CareTrust REIT Inc. (CTRE) Stock Price Up 1.7%
Shares of CareTrust REIT Inc. (NASDAQ:CTRE) rose 1.7% during trading on Thursday . The stock traded as high as $15.21 and last traded at $15.18, with a volume of 141,391 shares. The stock had previously closed at $14.93.
CTRE has been the topic of several research analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a $16.00 price objective on shares of CareTrust REIT in a research note on Thursday, May 12th. TheStreet raised CareTrust REIT from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. Zacks Investment Research downgraded CareTrust REIT from a “hold” rating to a “sell” rating in a research note on Tuesday, May 24th. Wells Fargo & Co. initiated coverage on CareTrust REIT in a research note on Tuesday, July 26th. They set a “market perform” rating on the stock. Finally, Barclays PLC started coverage on CareTrust REIT in a research note on Monday, August 22nd. They set an “equal weight” rating and a $16.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $14.93.
The stock’s 50 day moving average price is $14.57 and its 200-day moving average price is $13.15. The company has a market cap of $867.27 million and a price-to-earnings ratio of 38.91.
CareTrust REIT (NASDAQ:CTRE) last issued its quarterly earnings data on Monday, August 8th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. The business earned $25.70 million during the quarter, compared to the consensus estimate of $23.68 million. During the same period in the prior year, the firm earned $0.25 EPS. The business’s revenue for the quarter was up 47.9% compared to the same quarter last year. On average, analysts expect that CareTrust REIT Inc. will post $1.09 EPS for the current 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.