In a report released today, Juan C. Sanabria from BMO Capital maintained a Hold rating on CareTrust REIT (CTRE – Research Report), with a price target of $20.00. The company’s shares closed last Thursday at $20.90.
According to TipRanks.com, Sanabria is a 2-star analyst with an average return of 0.3% and a 45.9% success rate. Sanabria covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, National Storage Affiliates, and Phillips Edison & Company.
Currently, the analyst consensus on CareTrust REIT is a Hold with an average price target of $20.38.
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Based on CareTrust REIT’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $46.01 million and GAAP net loss of $43.26 million. In comparison, last year the company earned revenue of $45.25 million and had a net profit of $20.49 million.
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CareTrust REIT, Inc. operates as 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.
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