CareTrust REIT (CTRE – Research Report) received a Buy rating and a $23.00 price target from Jefferies analyst Jonathan Petersen today. The company’s shares closed yesterday at $20.02.
Petersen covers the Real Estate sector, focusing on stocks such as Crown Castle, Digital Realty, and Howard Hughes Holdings. According to TipRanks, Petersen has an average return of 8.0% and a 62.39% success rate on recommended stocks.
CareTrust REIT has an analyst consensus of Moderate Buy, with a price target consensus of $22.29, an 11.34% upside from current levels. In a report released on September 11, RBC Capital also upgraded the stock to a Buy with a $23.00 price target.
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Based on CareTrust REIT’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $47.75 million and a GAAP net loss of $484 thousand. In comparison, last year the company earned a revenue of $46.81 million and had a net profit of $20.67 million
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CareTrust REIT, Inc. operates as real estate investment company, which engages in the ownership, acquisition, and leasing of healthcare-related properties. It offers independent living, memory care, and assisted, and skilled nursing facilities. The company was founded on October 29, 2013 and is headquartered in San Clemente, CA.
Read More on CTRE:
- RBC upgrades CareTrust REIT on improving competitive landspace
- CareTrust REIT upgraded to Outperform from Sector Perform at RBC Capital
- CareTrust REIT completes joint venture to acquire La Fuente Post Acute
- CareTrust REIT upgraded to Outperform from Market Perform at BMO Capital
- CareTrust REIT reports Q2 FFO 35c, consensus 35c
