CareTrust REIT (NYSE:CTRE) Rating Increased to Strong-Buy at Citizens Jmp

Citizens Jmp upgraded shares of CareTrust REIT (NYSE:CTRE) to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. UBS Group upgraded CareTrust REIT to a “strong-buy” rating in a research note on Tuesday, November 18th. Weiss Ratings cut CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, January 12th. BMO Capital Markets upgraded CareTrust REIT from a “hold” rating to an “outperform” rating and set a $43.00 target price on the stock in a research report on Friday, January 9th. Finally, Cantor Fitzgerald raised shares of CareTrust REIT to a “hold” rating in a research note on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $43.00.

CareTrust REIT Price Performance

Shares of NYSE CTRE opened at $36.79 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.98 and a quick ratio of 6.98. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 1.20 and a beta of 0.75. The firm’s 50 day simple moving average is $36.92 and its 200-day simple moving average is $34.81. CareTrust REIT has a 12 month low of $24.79 and a 12 month high of $38.32.

CareTrust REIT (NYSE:CTRE) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.35 earnings per share (EPS) for the quarter. The firm had revenue of $132.44 million for the quarter. CareTrust REIT had a net margin of 61.00% and a return on equity of 7.95%.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a real estate investment trust based in Deerfield Beach, Florida, specializing in the ownership, acquisition and management of net-leased healthcare properties. The company primarily focuses on seniors housing and post-acute care facilities, entering into long-term, triple-net lease agreements with leading operators in the skilled nursing, assisted living, memory care, inpatient rehabilitation and specialty hospital sectors. Through its portfolio, CareTrust REIT aims to provide investors with stable and predictable rental income while supporting the ongoing demand for quality healthcare real estate across the United States.

Since its initial public offering in September 2013, CareTrust REIT has pursued a disciplined acquisition strategy, targeting properties in primary and select secondary markets.