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

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

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

CareTrust REIT Price Performance

Shares of CTRE stock opened at $40.57 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 firm has a market capitalization of $9.06 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 2.75 and a beta of 0.75. The firm’s 50 day moving average is $37.65 and its 200-day moving average is $35.99. CareTrust REIT has a 1 year low of $24.98 and a 1 year high of $41.36.

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.