Decoding 4 Analyst Evaluations For CareTrust REIT
Portfolio Pulse from Benzinga Insights
Four analysts have recently evaluated CareTrust REIT (NYSE:CTRE), with ratings ranging from somewhat bullish to indifferent. The average 12-month price target has increased by 11.47% to $27.5. Analysts from RBC Capital, Deutsche Bank, Wells Fargo, and Wedbush have raised their price targets, reflecting a positive sentiment shift. CareTrust REIT has shown strong revenue growth and net margin, but its ROE is below industry benchmarks.

August 22, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
CareTrust REIT has received positive analyst evaluations, with an average price target increase of 11.47% to $27.5. Analysts from RBC Capital, Deutsche Bank, Wells Fargo, and Wedbush have raised their price targets, indicating a positive sentiment shift. The company shows strong revenue growth and net margin, but its ROE is below industry benchmarks.
The increase in average price target by 11.47% and the positive sentiment from multiple analysts suggest a likely short-term positive impact on CTRE's stock price. The company's strong revenue growth and net margin further support this outlook, although the low ROE may be a concern for some investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100