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Jefferies Maintains CareTrust REIT Inc(CTRE.US) With Buy Rating, Cuts Target Price to $32

Moomoo News ·  Jan 2 00:31  · Ratings

Jefferies analyst Joe Dickstein maintains $CareTrust REIT Inc (CTRE.US)$ with a buy rating, and adjusts the target price from $36 to $32.

According to TipRanks data, the analyst has a success rate of 71.4% and a total average return of 17.1% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $CareTrust REIT Inc (CTRE.US)$'s main analysts recently are as follows:

  • CareTrust's skilled nursing facilities are anticipated to face challenges as 2025 approaches, with political uncertainty around Medicare reimbursement and potential disputes between the federal government and states affecting Medicaid. These factors could lead to the stock's premium valuation becoming increasingly susceptible.

  • Within healthcare real estate investment sectors, senior housing is preferred owing to 'muted' deliveries coupled with the demographic shift as the population aged 80 and above enters a period of high growth. Specifically, REITs that are poised to 'flex external growth' by 2025 are seen favorably.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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