CareTrust REIT (NYSE:CTRE) Shares Up 0.1% – What’s Next?

Shares of CareTrust REIT, Inc. (NYSE:CTRE) shot up 0.1% on Friday . The stock traded as high as $36.62 and last traded at $36.31. 6,179,625 shares changed hands during mid-day trading, an increase of 262% from the average session volume of 1,705,296 shares. The stock had previously closed at $36.26.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. UBS Group upgraded CareTrust REIT to a “strong-buy” rating in a report on Tuesday, November 18th. Cantor Fitzgerald upgraded shares of CareTrust REIT to a “hold” rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of CareTrust REIT in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

CareTrust REIT Stock Performance

The company’s 50-day moving average price is $35.97. The company has a current ratio of 6.98, a quick ratio of 6.98 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $8.11 billion, a PE ratio of 27.10, a PEG ratio of 1.38 and a beta of 0.77.

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

About CareTrust REIT

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.