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).

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