CareTrust REIT price target raised to $31 from $27 at RBC Capital

RBC Capital raised the firm’s price target on CareTrust REIT to $31 from $27 and keeps an Outperform rating on the shares following the Q2 earnings report. RBC believes the company will remain active deploying capital accretively and sees investments even higher vs. the firm’s previous expectations, the analyst tells investors in a research note.