CareTrust REIT saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 94 the day before.
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The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that's a good item to have on your checklist 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 volume at least 40% above average.
The stock earns a 90 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 90% of all stocks.
Its Accumulation/Distribution Rating of C- shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The company posted 20% EPS growth for Q1. It has now posted accelerating EPS growth for six consecutive quarters. Top line growth increased 53%, up from 46% in the prior report. That marks seven consecutive reports with rising growth.
CareTrust REIT earns the No. 1 rank among its peers in the Finance-Property REITs industry group. Welltower and Invitation Homes are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
