Stephens analyst Dana Hambly reiterated a Buy rating on CareTrust REIT (NASDAQ: CTRE) today and set a price target of $19. The company’s shares opened today at $17.13.
According to TipRanks.com, Hambly is a 4-star analyst with an average return of 10.2% and a 65.3% success rate. Hambly covers the Services sector, focusing on stocks such as Encompass Health Corporation, Capital Senior Living, and Addus Homecare Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CareTrust REIT with a $17.83 average price target, representing a 4.1% upside. In a report released yesterday, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $20 price target.
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Based on CareTrust REIT’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $13.17 million. In comparison, last year the company had a net profit of $1.94 million.
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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.
