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CareTrust REIT (CTRE) Gets a Buy Rating from KeyBanc

KeyBanc analyst Josh Beck maintained a Buy rating on CareTrust REIT (CTREResearch Report) today and set a price target of $21.00. The company’s shares closed last Wednesday at $18.89.

According to TipRanks.com, Beck is a 5-star analyst with an average return of 16.6% and a 57.1% success rate. Beck covers the Technology sector, focusing on stocks such as BigCommerce Holdings, AvidXchange Holdings, and Robinhood Markets.

The word on The Street in general, suggests a Hold analyst consensus rating for CareTrust REIT with a $19.90 average price target.

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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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