CareTrust REIT saw an improvement in its IBD SmartSelect Composite Rating Friday, from 92 to 96.
The upgrade means the stock is now outpacing 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher rating in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
CareTrust REIT is currently forming a consolidation, with a 33.15 buy point. See if the stock can break out in heavy trade at least 40% above average.
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The stock earns a 90 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 90% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported an 11% earnings gain for Q4. That means it's now posted five straight quarters of rising EPS gains. Revenue growth climbed 46%, up from 38% in the prior report. The company has now posted rising growth in each of the last six quarters.
CareTrust REIT earns the No. 1 rank among its peers in the Finance-Property REITs industry group. Strawberry Fields REIT and Curbline Properties are also among the group's highest-rated stocks.
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