CareTrust REIT (NYSE:CTRE) Upgraded at Citizens Jmp

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

Several other equities analysts have also commented on 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 report on Monday, January 12th. Cantor Fitzgerald upgraded shares of CareTrust REIT to a “hold” rating in a report on Wednesday, October 1st. Finally, BMO Capital Markets raised shares of 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. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, CareTrust REIT has an average rating of “Buy” and an average target price of $43.00.

CareTrust REIT Stock Performance

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 firm has a market cap of $8.22 billion, a PE ratio of 27.46, a P/E/G ratio of 1.21 and a beta of 0.75. The firm has a 50 day simple moving average of $36.92 and a 200-day simple moving average of $34.84. CareTrust REIT has a 1-year low of $24.79 and a 1-year high of $38.32.

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

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.