Is Caretrust REIT Inc (CTRE) a Buy? The Stock Reaches 52-Week High Today

June 19, 2017 - By Michael Collier

The stock of Caretrust REIT Inc (NASDAQ:CTRE) hit a new 52-week high and has $21.12 target or 9.00 % above today’s $19.38 share price. The 7 months bullish chart indicates low risk for the $1.43B company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $21.12 price target is reached, the company will be worth $128.70 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 63,837 shares traded. Caretrust REIT Inc (NASDAQ:CTRE) has risen 46.70% since June 19, 2016 and is uptrending. It has outperformed by 30.00% the S&P500.

Analysts expect Caretrust REIT Inc (NASDAQ:CTRE) to report $0.30 EPS on August, 14.They anticipate $0.03 EPS change or 11.11 % from last quarter’s $0.27 EPS. CTRE’s profit would be $22.14M giving it 16.15 P/E if the $0.30 EPS is correct. After having $0.29 EPS previously, Caretrust REIT Inc’s analysts see 3.45 % EPS growth.

Caretrust REIT Inc (NASDAQ:CTRE) Ratings Coverage

Among 8 analysts covering Caretrust REIT (NASDAQ:CTRE), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Caretrust REIT had 12 analyst reports since August 12, 2015 according to SRatingsIntel. The company was initiated on Thursday, January 14 by BMO Capital Markets. As per Monday, August 22, the company rating was initiated by Barclays Capital. The company was initiated on Monday, October 24 by JMP Securities. The firm has “Buy” rating given on Thursday, March 30 by Canaccord Genuity. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Tuesday, January 3 report. Raymond James initiated the stock with “Outperform” rating in Monday, August 24 report. The stock of Caretrust REIT Inc (NASDAQ:CTRE) has “Overweight” rating given on Thursday, September 10 by KeyBanc Capital Markets. On Tuesday, July 26 the stock rating was initiated by Wells Fargo with “Market Perform”. Stephens initiated it with “Overweight” rating and $16 target in Wednesday, September 14 report. On Wednesday, August 12 the stock rating was downgraded by Zacks to “Hold”.

More notable recent Caretrust REIT Inc (NASDAQ:CTRE) news were published by: Seekingalpha.com which released: “CareTrust REIT’s (CTRE) CEO Gregory Stapley on Q1 2017 Results – Earnings Call …” on May 03, 2017, also Globenewswire.com with their article: “CareTrust REIT, Inc. Prices $300.0 Million of Senior Notes due 2025” published on May 10, 2017, Globenewswire.com published: “CareTrust REIT, Inc. Increases Quarterly Dividend to $0.185 per Share” on March 16, 2017. More interesting news about Caretrust REIT Inc (NASDAQ:CTRE) were released by: Globenewswire.com and their article: “CareTrust REIT Expands Wisconsin Seniors Housing Portfolio” published on February 02, 2017 as well as Globenewswire.com‘s news article titled: “CareTrust REIT Schedules Third Quarter 2016 Earnings Call for Thursday …” with publication date: October 27, 2016.

CareTrust REIT, Inc. is a self-administered, self-managed real estate investment trust. The company has market cap of $1.43 billion. The Firm is engaged in the ownership, acquisition and leasing of healthcare-related properties. It has a 34.89 P/E ratio. It makes investments in healthcare-related real estate assets.

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