Today CareTrust REIT (NASDAQ:CTRE) Has Been Upgraded by Stifel Nicolaus to a Buy

CareTrust REIT, Inc. (NASDAQ:CTRE) Logo

CareTrust REIT (NASDAQ:CTRE) Stock Upgrade

Stifel Nicolaus has just given CareTrust REIT (NASDAQ:CTRE) shares an updated Buy rating in analysts report issued to investors and clients on 28 November. The firm from today has a respectable $21.0000 TP on the stock. The target announced by Stifel Nicolaus is 4.90 % from CTRE’s current share price.

CareTrust REIT, Inc. (NASDAQ:CTRE) Ratings Coverage

Among 3 analysts covering CareTrust REIT (NASDAQ:CTRE), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. CareTrust REIT has $21 highest and $18 lowest target. $19.67’s average target is -1.75% below currents $20.02 stock price. CareTrust REIT had 3 analyst reports since August 10, 2018 according to SRatingsIntel. RBC Capital Markets maintained CareTrust REIT, Inc. (NASDAQ:CTRE) on Friday, August 10 with “Sector Perform” rating. Stifel Nicolaus upgraded the stock to “Buy” rating in Thursday, November 29 report. The firm earned “Overweight” rating on Tuesday, August 21 by KeyBanc Capital Markets.

The stock increased 0.70% or $0.14 during the last trading session, reaching $20.02. About 1.54 million shares traded or 151.53% up from the average. CareTrust REIT, Inc. (NASDAQ:CTRE) has declined 6.00% since December 2, 2017 and is downtrending. It has underperformed by 21.62% the S&P500.

CareTrust REIT, Inc. is a real estate investment trust. The company has market cap of $1.68 billion. The firm invests in real estate markets of the United States. It has a 35.31 P/E ratio. It is engaged in the ownership, acquisition, development and leasing of seniors housing and healthcare-related properties.

More notable recent CareTrust REIT, Inc. (NASDAQ:CTRE) news were published by: Seekingalpha.com which released: “CareTrust Is Up 30% Since We Upgraded To BUY In April – Seeking Alpha” on August 13, 2018, also Fool.com with their article: “Why Caretrust REIT Inc Is a Dividend Investor’s Dream – The Motley Fool” published on April 03, 2018, Globenewswire.com published: “CareTrust REIT Expands into North Dakota Nasdaq:CTRE – GlobeNewswire” on October 29, 2018. More interesting news about CareTrust REIT, Inc. (NASDAQ:CTRE) were released by: Seekingalpha.com and their article: “CareTrust Has A Wide Margin Of Safety – Seeking Alpha” published on April 02, 2018 as well as Seekingalpha.com‘s news article titled: “Trimming Gains On Outperforming CareTrust – Seeking Alpha” with publication date: May 01, 2017.

CareTrust REIT, Inc. (NASDAQ:CTRE) Ratings Chart

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