CareTrust REIT, Inc. (NYSE:CTRE) Receives $43.00 Average Target Price from Brokerages

CareTrust REIT, Inc. (NYSE:CTRE) has received a consensus recommendation of “Buy” from the five analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $43.00.

CTRE has been the subject of a number of analyst reports. BMO Capital Markets raised CareTrust REIT from a “hold” rating to an “outperform” rating and set a $43.00 price objective for the company in a research report on Friday, January 9th. UBS Group raised CareTrust REIT to a “strong-buy” rating in a research 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, Weiss Ratings raised shares of CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, January 26th.

CareTrust REIT Price Performance

CTRE opened at $39.97 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.22. The company has a market cap of $8.92 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 2.71 and a beta of 0.75. The stock has a fifty day simple moving average of $37.48 and a two-hundred day simple moving average of $35.84. CareTrust REIT has a 12-month low of $24.79 and a 12-month high of $41.36.

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.