CareTrust REIT (NYSE:CTRE) Trading 0.1% Higher – Still a Buy?

CareTrust REIT, Inc. (NYSE:CTRE) shares were up 0.1% during mid-day trading on Friday . The company traded as high as $36.62 and last traded at $36.31. Approximately 6,179,625 shares traded hands during trading, an increase of 262% from the average daily volume of 1,705,296 shares. The stock had previously closed at $36.26.

Wall Street Analyst Weigh In

CTRE has been the subject of several analyst reports. UBS Group upgraded shares of CareTrust REIT to a “strong-buy” rating in a report on Tuesday, November 18th. Weiss Ratings reiterated a “buy (a-)” rating on shares of CareTrust REIT in a research note on Monday, December 15th. Finally, Cantor Fitzgerald upgraded CareTrust REIT to a “hold” rating in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

CareTrust REIT Stock Up 0.1%

The business’s 50-day moving average price is $35.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 6.98 and a current ratio of 6.98. The company has a market cap of $8.11 billion, a P/E ratio of 27.10, a P/E/G ratio of 1.39 and a beta of 0.77.

CareTrust REIT (NYSE:CTRE) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.35 EPS for the quarter. CareTrust REIT had a net margin of 61.00% and a return on equity of 7.95%. The business had revenue of $132.44 million for the quarter.

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.