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

CareTrust REIT, Inc. (NYSE:CTRE) has been assigned an average rating of “Buy” from the five brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $43.00.

A number of equities research analysts have issued reports on CTRE shares. BMO Capital Markets raised CareTrust REIT from a “hold” rating to an “outperform” rating and set a $43.00 price target for the company in a research report on Friday, January 9th. Weiss Ratings raised CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, January 26th. Citizens Jmp upgraded CareTrust REIT to a “strong-buy” rating in a report on Thursday, January 22nd. Finally, UBS Group raised shares of CareTrust REIT to a “strong-buy” rating in a research report on Tuesday, November 18th.

CareTrust REIT Stock Up 0.1%

Shares of CTRE opened at $39.97 on Wednesday. CareTrust REIT has a fifty-two week low of $24.79 and a fifty-two week high of $41.36. The company’s fifty day moving average is $37.48 and its two-hundred day moving average is $35.88. The firm has a market cap of $8.92 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 2.72 and a beta of 0.75. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.22.

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.