CareTrust REIT (NYSE:CTRE) Stock Rating Upgraded by Cantor Fitzgerald

Key Points

• CareTrust REIT has been upgraded to a "hold" rating by Cantor Fitzgerald, reflecting a change in analyst sentiment towards the stock.
• Another firm, Wall Street Zen, also downgraded CareTrust REIT from "buy" to "hold," indicating a consensus among analysts about the stock's performance.
• CareTrust REIT recently reported $0.43 earnings per share for the last quarter, missing estimates by $0.02, while maintaining a strong net margin of 58.90%.

CareTrust REIT (NYSE:CTRE - Get Free Report) was upgraded by stock analysts at Cantor Fitzgerald to a "hold" rating in a note issued to investors on Wednesday,Zacks.com reports.

Separately, Wall Street Zen lowered CareTrust REIT from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold".

CareTrust REIT Trading Up 1.6%

Shares of CTRE opened at $35.25 on Wednesday. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 1.32 and a beta of 0.82. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.83 and a current ratio of 2.83. The company's fifty day moving average is $33.63. CareTrust REIT has a 1-year low of $24.79 and a 1-year high of $35.28.

CareTrust REIT (NYSE:CTRE - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.02). CareTrust REIT had a net margin of 58.90% and a return on equity of 7.60%.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.

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