Weiss Ratings Reaffirms Buy (B) Rating for CareTrust REIT (NYSE:CTRE)

Key Points

• Weiss Ratings has reaffirmed a Buy (B) rating for CareTrust REIT (NYSE:CTRE), while other analysts have issued mixed ratings, with one moving to a Hold stance.
• CareTrust REIT reported earnings of $0.43 per share, falling short of the $0.45 expected by analysts, which indicates potential challenges in meeting market expectations.
• The stock's trading volume was 1,238,185 shares, below its average volume of 1,986,814, suggesting reduced investor activity in the stock recently.

CareTrust REIT (NYSE:CTRE - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently issued reports on CTRE. Cantor Fitzgerald raised CareTrust REIT to a "hold" rating in a report on Wednesday, October 1st. Wall Street Zen cut shares of CareTrust REIT from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, CareTrust REIT presently has an average rating of "Moderate Buy".

CareTrust REIT Stock Performance

CTRE stock traded down $0.63 during midday trading on Wednesday, reaching $33.96. The stock had a trading volume of 1,238,185 shares, compared to its average volume of 1,986,814. The firm has a market cap of $7.41 billion, a PE ratio of 28.30, a PEG ratio of 1.34 and a beta of 0.82. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $33.99. CareTrust REIT has a 52-week low of $24.79 and a 52-week high of $35.68.

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

About CareTrust REIT

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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