Price Don’t Lie: What’s Ahead for Caretrust REIT Inc After Today’s Huge Increase?

Price Don't Lie: What's Ahead for Caretrust REIT Inc After Today's Huge Increase?

The stock of Caretrust REIT Inc (NASDAQ:CTRE) is a huge mover today! The stock increased 0.34% or $0.05 during the last trading session, hitting $14.78. Caretrust REIT Inc (NASDAQ:CTRE) has risen 13.98% since March 9, 2016 and is uptrending. It has outperformed by 6.57% the S&P500.
The move comes after 6 months positive chart setup for the $862.55M company. It was reported on Oct, 12 by We have $22.61 PT which if reached, will make NASDAQ:CTRE worth $457.15M more.

Analysts await Caretrust REIT Inc (NASDAQ:CTRE) to report earnings on November, 3. They expect $0.28 EPS, up 40.00% or $0.08 from last year’s $0.2 per share. CTRE’s profit will be $16.34M for 13.20 P/E if the $0.28 EPS becomes a reality. After $0.27 actual EPS reported by Caretrust REIT Inc for the previous quarter, Wall Street now forecasts 3.70% EPS growth.

Caretrust REIT Inc (NASDAQ:CTRE) Ratings Coverage

Out of 7 analysts covering Caretrust REIT (NASDAQ:CTRE), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Caretrust REIT has been the topic of 9 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was initiated by BMO Capital Markets on Thursday, January 14 with “Outperform”. As per Thursday, September 10, the company rating was initiated by KeyBanc Capital Markets. The stock of Caretrust REIT Inc (NASDAQ:CTRE) earned “Outperform” rating by Raymond James on Monday, August 24. The firm has “Overweight” rating given on Wednesday, September 14 by Stephens. The company was initiated on Tuesday, July 26 by Wells Fargo. The stock has “Equal-Weight” rating given by Barclays Capital on Monday, August 22. The stock of Caretrust REIT Inc (NASDAQ:CTRE) earned “Outperform” rating by RBC Capital Markets on Thursday, September 24. Zacks downgraded the shares of CTRE in a report on Wednesday, August 12 to “Hold” rating. The firm has “Buy” rating by Canaccord Genuity given on Monday, August 15.

According to Zacks Investment Research, “CareTrust REIT, Inc. is a real estate investment trust. It is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company leases healthcare facilities to healthcare operators in triple-net lease arrangements. CareTrust REIT, Inc. is based in United States.”

More important recent Caretrust REIT Inc (NASDAQ:CTRE) news were published by: which released: “CareTrust REIT Makes Preferred Equity Investment” on August 11, 2016, also published article titled: “CareTrust REIT (CTRE) Stock Falls After Pricing Public Offering”, published: “CareTrust REIT Completes Acquisition of 14-Facility Liberty Portfolio” on October 01, 2015. More interesting news about Caretrust REIT Inc (NASDAQ:CTRE) was released by: and their article: “CareTrust REIT, Inc. Announces Tax Treatment of 2015 Dividends” with publication date: August 08, 2014.

CTRE Company Profile

CareTrust REIT, Inc., incorporated on October 29, 2013, is a self-administered, self-managed real estate investment trust (REIT). The Firm is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company’s segment consists of investments in healthcare-related real estate assets. The Company’s real estate portfolio includes approximately 120 skilled nursing facilities (SNFs), assisted living facilities (ALFs) and independent living facilities (ILFs). The Company’s portfolio has approximately 100 SNFs, over 20 ALFs and approximately four ILFs. The Company’s facilities leased to The Ensign Group, Inc. have a total of approximately 10,120 beds and units, and are located in Arizona, California, Colorado, Idaho, Iowa, Nebraska, Nevada, Texas, Utah and Washington. The Company’s facilities leased affiliates of Pristine Senior Living have a total of approximately 1,260 beds and units, and are located in Ohio. The Company’s other properties have a total of over 770 beds and units, and are located in Colorado, Florida, Georgia, Idaho, Minnesota, Virginia and Washington. The Company’s ILFs have a total of approximately 260 units and are located in Texas and Utah.

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