CareTrust REIT price target raised to $41 from $36 at RBC Capital

RBC Capital raised the firm’s price target on CareTrust REIT (CTRE) to $41 from $36 and keeps an Outperform rating on the shares after its Q3 results. The REIT maintains a solid legacy US SNF platform, acquired a UK care home, and is building US SHOP platforms, and this expanded focus will help CareTrust to remain active in deploying capital at an elevated, sustainable pace, the analyst tells investors in a research note.