RBC Capital analyst Michael Carroll reiterated a Hold rating on CareTrust REIT (CTRE) yesterday and set a price target of $19. The company’s shares closed yesterday at $19.19, close to its 52-week high of $19.86.
According to TipRanks.com, Carroll is a 4-star analyst with an average return of 9.5% and a 75.0% success rate. Carroll covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Americold Realty Trust, and Medical Properties.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CareTrust REIT with a $19.50 average price target.
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CareTrust REIT’s market cap is currently $1.6B and has a P/E ratio of 33.67. The company has a Price to Book ratio of 2.22.
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CareTrust REIT, Inc. is a 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.
