Analysts Set CareTrust REIT, Inc. (NYSE:CTRE) PT at $44.82

CareTrust REIT, Inc. (NYSE:CTRE) has been given a consensus rating of “Moderate Buy” by the thirteen research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $44.5455.

A number of research firms have recently issued reports on CTRE. Zacks Research upgraded shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Cantor Fitzgerald raised their price objective on shares of CareTrust REIT from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. KeyCorp reiterated an “overweight” rating and set a $46.00 price objective on shares of CareTrust REIT in a research report on Friday, May 29th. Citigroup reissued a “market outperform” rating on shares of CareTrust REIT in a research note on Wednesday, June 10th. Finally, Wells Fargo & Company reduced their target price on CareTrust REIT from $47.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday.

CareTrust REIT Stock Performance

Shares of CTRE opened at $39.88 on Wednesday. The firm’s 50 day moving average is $40.76 and its 200-day moving average is $39.79. The stock has a market capitalization of $9.42 billion, a P/E ratio of 25.08, a P/E/G ratio of 1.53 and a beta of 0.76. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.57 and a quick ratio of 0.57. CareTrust REIT has a 12-month low of $32.79 and a 12-month high of $43.62.

CareTrust REIT (NYSE:CTRE) last released its earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. CareTrust REIT had a net margin of 62.19% and a return on equity of 8.52%. The business had revenue of $161.35 million for the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. Equities research analysts anticipate that CareTrust REIT will post 2.05 EPS for the current fiscal year.

CareTrust REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.39 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.56 dividend on an annualized basis and a yield of 3.9%. CareTrust REIT’s dividend payout ratio (DPR) is presently 98.11%.

Hedge Funds Weigh In On CareTrust REIT

A number of large investors have recently made changes to their positions in CTRE. Kemnay Advisory Services Inc. purchased a new stake in shares of CareTrust REIT in the fourth quarter worth approximately $27,000. Persistent Asset Partners Ltd purchased a new position in CareTrust REIT during the second quarter valued at approximately $31,000. Compass Financial Management LLC acquired a new position in CareTrust REIT in the 2nd quarter valued at approximately $34,000. Transamerica Financial Advisors LLC increased its stake in CareTrust REIT by 520.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock valued at $32,000 after buying an additional 728 shares during the period. Finally, Mcguire Capital Advisors Inc. acquired a new stake in shares of CareTrust REIT during the 4th quarter valued at $40,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

About CareTrust REIT

CareTrust REIT, Inc is a real estate investment trust based in Deerfield Beach, Florida, specializing in the ownership, acquisition and management of net-leased healthcare properties. The company primarily focuses on seniors housing and post-acute care facilities, entering into long-term, triple-net lease agreements with leading operators in the skilled nursing, assisted living, memory care, inpatient rehabilitation and specialty hospital sectors. Through its portfolio, CareTrust REIT aims to provide investors with stable and predictable rental income while supporting the ongoing demand for quality healthcare real estate across the United States.

Since its initial public offering in September 2013, CareTrust REIT has pursued a disciplined acquisition strategy, targeting properties in primary and select secondary markets.