CareTrust REIT, Inc. (CTRE) – What Are Investment Firms Saying About This Stock?

CareTrust REIT, Inc. (NYSE:CTRE) has been given a consensus rating of “Moderate Buy” by the fifteen research firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $43.64.

A number of analysts have recently weighed in on CTRE shares. Weiss Ratings lowered CareTrust REIT from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, October 12th. Citigroup restated a “market outperform” rating on shares of CareTrust REIT in a report on Tuesday, October 13th. BMO Capital Markets decreased their target price on shares of CareTrust REIT from $47.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, October 5th. Cantor Fitzgerald upped their price target on shares of CareTrust REIT from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Finally, Raymond James Financial lowered their price target on shares of CareTrust REIT from $45.00 to $42.00 and set an “outperform” rating for the company in a report on Monday, October 5th.

Hedge Funds Weigh In On CareTrust REIT

Hedge funds and other institutional investors have recently modified their holdings of the company. Persistent Asset Partners Ltd bought a new stake in shares of CareTrust REIT in the second quarter worth about $31,000. Compass Financial Management LLC purchased a new position in CareTrust REIT during the 2nd quarter valued at about $34,000. Burnham & Co LLC purchased a new position in CareTrust REIT during the 2nd quarter valued at about $61,000. Allworth Financial LP bought a new position in CareTrust REIT during the 2nd quarter valued at approximately $66,000. Finally, EverSource Wealth Advisors LLC raised its position in CareTrust REIT by 63.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,199 shares of the company’s stock valued at $81,000 after purchasing an additional 850 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

CareTrust REIT Trading Down 2.0%

NYSE CTRE opened at $35.83 on Thursday. CareTrust REIT has a 1-year low of $33.72 and a 1-year high of $43.62. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $38.05 and a 200-day moving average of $39.31. The firm has a market cap of $8.47 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 1.30 and a beta of 0.75.

CareTrust REIT (NYSE:CTRE) last issued its earnings results on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. CareTrust REIT had a return on equity of 8.52% and a net margin of 62.19%. The company had revenue of $161.35 million during the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. As a group, sell-side analysts forecast that CareTrust REIT will post 2.07 EPS for the current year.

CareTrust REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a $0.39 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.4%. CareTrust REIT’s payout ratio is presently 98.11%.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that owns, acquires, and manages properties used by healthcare providers. Its portfolio primarily includes skilled nursing facilities, assisted living communities, independent living facilities, and other senior housing and healthcare-related properties.

The company generally leases its properties to healthcare operators under long-term, often triple-net lease agreements. Under these arrangements, tenants typically assume responsibility for property-level expenses such as taxes, insurance, and maintenance, while CareTrust focuses on owning and managing the underlying real estate and supporting its operating partners.

CareTrust was formed in 2014 through the spin-off of healthcare properties from The Ensign Group.