CareTrust REIT, Inc. (NYSE:CTRE) Stock Has Consensus Price Target of $44.50 According to Analysts

by · The Markets Daily

CareTrust REIT, Inc. (NYSE:CTRE – Get Free Report) has earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $44.50.

A number of research analysts have issued reports on the stock. Cantor Fitzgerald upped their target price on shares of CareTrust REIT from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Weiss Ratings upgraded shares of CareTrust REIT from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday. Huntington initiated coverage on shares of CareTrust REIT in a report on Thursday, September 10th. They issued an “outperform” rating and a $44.00 price objective on the stock. BMO Capital Markets raised their price objective on shares of CareTrust REIT from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Finally, Wells Fargo & Company reduced their price objective on shares of CareTrust REIT from $47.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 1st.

Read Our Latest Report on CTRE

CareTrust REIT Stock Up 0.2%

NYSE CTRE opened at $37.40 on Friday. The stock has a fifty day moving average of $39.84 and a 200-day moving average of $39.55. The stock has a market capitalization of $8.84 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 1.48 and a beta of 0.76. CareTrust REIT has a 52 week low of $32.79 and a 52 week high of $43.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.57 and a current ratio of 0.57.

CareTrust REIT (NYSE:CTRE – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $161.35 million for the quarter. CareTrust REIT had a return on equity of 8.52% and a net margin of 62.19%.CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. On average, equities research analysts forecast that CareTrust REIT will post 2.04 EPS for the current year.

CareTrust REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Wednesday, September 30th. CareTrust REIT’s dividend payout ratio (DPR) is currently 98.11%.

Institutional Investors Weigh In On CareTrust REIT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CTRE. Envestnet Portfolio Solutions Inc. boosted its holdings in CareTrust REIT by 30.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 22,148 shares of the company’s stock worth $894,000 after buying an additional 5,128 shares during the last quarter. Anchor Investment Management LLC increased its stake in shares of CareTrust REIT by 4.3% in the 2nd quarter. Anchor Investment Management LLC now owns 7,260 shares of the company’s stock valued at $293,000 after acquiring an additional 297 shares during the last quarter. Tidal Investments LLC increased its stake in shares of CareTrust REIT by 365.9% in the 2nd quarter. Tidal Investments LLC now owns 85,678 shares of the company’s stock valued at $3,457,000 after acquiring an additional 67,290 shares during the last quarter. WINTON GROUP Ltd bought a new stake in CareTrust REIT in the second quarter valued at approximately $751,000. Finally, Engineers Gate Manager LP bought a new stake in CareTrust REIT in the second quarter valued at approximately $246,000. Institutional investors own 87.77% of the company’s stock.

About CareTrust REIT

(Get Free Report)

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that owns and manages a portfolio of healthcare-related properties across the United States. The company primarily invests in properties that are leased to healthcare operators under long-term, typically triple-net lease agreements.

CareTrust’s portfolio includes skilled nursing facilities, assisted living facilities, independent living communities, memory care properties and other healthcare-related real estate. Its tenants are responsible for operating the facilities and generally cover property-level expenses such as taxes, insurance and maintenance under the terms of the leases.

CareTrust was established in 2014 through a separation from The Ensign Group, a healthcare services company.

See Also