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BMO Capital Sticks to Their Hold Rating for CareTrust REIT

BMO Capital analyst John Kim maintained a Hold rating on CareTrust REIT (NASDAQ:CTRE) on Friday, setting a price target of $19, which is approximately 16.56% above the present share price of $16.3.

Kim expects CareTrust REIT to post earnings per share (EPS) of $0.22 for the second quarter of 2020.

The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in CareTrust REIT, with an average price target of $19.88.
The analysts price targets range from a high of $24 to a low of $13.

In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $42.33 million and a net profit of $24.12 million. The company's market cap is $1.5 billion.

According to TipRanks.com, BMO Capital analyst John Kim is a 4-star analyst with an average return of 1.7% and a 50.1% success rate.

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.