CareTrust REIT (NYSE:CTRE) Stock Rating Upgraded by BMO Capital Markets

CareTrust REIT (NYSE:CTRE) was upgraded by equities research analysts at BMO Capital Markets from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

A number of other brokerages have also recently commented on CTRE. Cantor Fitzgerald raised CareTrust REIT to a “hold” rating in a research report on Wednesday, October 1st. UBS Group upgraded CareTrust REIT to a “strong-buy” rating in a research note on Tuesday, November 18th. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of CareTrust REIT in a report on Monday, December 29th. Three analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Strong Buy”.

CareTrust REIT Stock Up 1.0%

NYSE:CTRE opened at $37.29 on Friday. The company has a current ratio of 6.98, a quick ratio of 6.98 and a debt-to-equity ratio of 0.22. CareTrust REIT has a twelve month low of $24.79 and a twelve month high of $38.32. The company has a market cap of $8.33 billion, a PE ratio of 27.83, a P/E/G ratio of 1.22 and a beta of 0.75. The company’s 50 day moving average is $36.66 and its two-hundred day moving average is $34.36.

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

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.