CareTrust REIT (NYSE:CTRE) Stock Price Target Lowered at BMO Capital Markets

CareTrust REIT (NYSE:CTRE) had its price objective reduced by BMO Capital Markets from $47.00 to $45.00 in a research report sent to investors on Monday, Marketbeat Ratings reports. They currently have an outperform rating on the stock.

Several other analysts also recently issued reports on the company. Raymond James Financial reduced their price target on CareTrust REIT from $45.00 to $42.00 and set an “outperform” rating for the company in a research note on Monday. Royal Bank Of Canada cut CareTrust REIT from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $44.00 to $43.00 in a research report on Friday, August 14th. Wells Fargo & Company dropped 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, September 1st. KeyCorp reissued an “overweight” rating on shares of CareTrust REIT in a research report on Wednesday, September 16th. Finally, Weiss Ratings upgraded shares of CareTrust REIT from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, CareTrust REIT currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.25.

CareTrust REIT Stock Down 0.0%

Shares of CTRE opened at $36.30 on Monday. The firm has a market cap of $8.58 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 1.42 and a beta of 0.75. 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 has a 52 week low of $32.79 and a 52 week high of $43.62. The firm’s 50-day simple moving average is $39.10 and its 200 day simple moving average is $39.40.

CareTrust REIT (NYSE:CTRE) last posted its earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The company 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, analysts forecast that CareTrust REIT will post 2.06 earnings per share for the current year.

CareTrust REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Wednesday, September 30th. CareTrust REIT’s dividend payout ratio (DPR) is 98.11%.

Institutional Trading of CareTrust REIT

Several institutional investors have recently added to or reduced their stakes in CTRE. BlackRock Inc. acquired a new position in shares of CareTrust REIT in the 2nd quarter worth approximately $1,643,290,000. Deutsche Bank AG acquired a new stake in shares of CareTrust REIT during the second quarter worth $143,963,000. Dimensional Fund Advisors LP increased its position in shares of CareTrust REIT by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,333,252 shares of the company’s stock worth $122,164,000 after buying an additional 61,417 shares during the period. Bank of New York Mellon Corp raised its stake in CareTrust REIT by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 2,558,104 shares of the company’s stock worth $93,755,000 after buying an additional 127,138 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in CareTrust REIT by 35,170.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,411,896 shares of the company’s stock worth $56,970,000 after buying an additional 1,407,893 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a real estate investment trust that owns, acquires, develops, and leases healthcare-related properties. Its portfolio is primarily focused on skilled nursing facilities, assisted living communities, and other post-acute care properties operated by third-party healthcare providers.

The company generally leases its properties under long-term agreements, including triple-net leases, under which tenants are typically responsible for property-level expenses such as taxes, insurance, and maintenance.