Raymond James Remains a Buy on CareTrust REIT (CTRE)

Raymond James analyst Jonathan Hughes maintained a Buy rating on CareTrust REIT (CTREResearch Report) today and set a price target of $22.00. The company’s shares closed yesterday at $18.68.

Hughes covers the Financial sector, focusing on stocks such as Welltower, Ventas, and Medical Properties. According to TipRanks, Hughes has an average return of 7.6% and a 59.07% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CareTrust REIT with a $21.80 average price target.

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The company has a one-year high of $22.57 and a one-year low of $15.43. Currently, CareTrust REIT has an average volume of 618.1K.

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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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