Analysts Set CareTrust REIT, Inc. (NYSE:CTRE) Target Price at $43.00

CareTrust REIT, Inc. (NYSE:CTRE) has been assigned a consensus recommendation of “Buy” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $43.00.

CTRE has been the topic of a number of recent analyst reports. Weiss Ratings downgraded CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, January 12th. Cantor Fitzgerald raised CareTrust REIT to a “hold” rating in a research note on Wednesday, October 1st. UBS Group upgraded CareTrust REIT to a “strong-buy” rating in a report on Tuesday, November 18th. Citizens Jmp upgraded shares of CareTrust REIT to a “strong-buy” rating in a research note on Thursday, January 22nd. Finally, BMO Capital Markets upgraded 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.

CareTrust REIT Price Performance

CTRE stock opened at $37.04 on Friday. The company’s 50-day moving average price is $36.93 and its two-hundred day moving average price is $34.91. The firm has a market cap of $8.27 billion, a P/E ratio of 27.64, a P/E/G ratio of 1.21 and a beta of 0.75. The company has a quick ratio of 6.98, a current ratio of 6.98 and a debt-to-equity ratio of 0.22. CareTrust REIT has a 12 month low of $24.79 and a 12 month high of $38.32.

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