RBC Capital analyst Michael Carroll maintained a Hold rating on CareTrust REIT (NASDAQ:CTRE) on Friday, setting a price target of $20, which is approximately 6.33% above the present share price of $18.81.
Carroll expects CareTrust REIT to post earnings per share (EPS) of $0.20 for the third quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in CareTrust REIT, with an average price target of $20.5.
The analysts price targets range from a high of $22 to a low of $19.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $43.09 million and a net profit of $24.84 million. The company's market cap is $1.8 billion.
According to TipRanks.com, RBC Capital analyst Michael Carroll is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.8% and a 71.13% 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.