CareTrust REIT (NYSE:CTRE) Releases FY 2026 Earnings Guidance

CareTrust REIT (NYSE:CTRE) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 2.030-2.060 for the period. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

CTRE has been the topic of several recent research reports. KeyCorp restated an “overweight” rating and set a $46.00 price target on shares of CareTrust REIT in a report on Friday, May 29th. Mizuho set a $45.00 price objective on CareTrust REIT in a research report on Friday, May 22nd. Wells Fargo & Company upped their target price on shares of CareTrust REIT from $42.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Zacks Research raised shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, Weiss Ratings cut shares of CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.82.

CareTrust REIT Stock Up 0.2%

Shares of NYSE:CTRE traded up $0.10 on Thursday, hitting $41.24. 1,702,496 shares of the company’s stock were exchanged, compared to its average volume of 2,587,981. CareTrust REIT has a 1-year low of $31.92 and a 1-year high of $43.62. The company has a market capitalization of $9.74 billion, a PE ratio of 26.43, a P/E/G ratio of 1.84 and a beta of 0.75. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.37 and a current ratio of 2.38. The firm’s 50-day moving average is $40.11 and its 200 day moving average is $39.49.

CareTrust REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, June 30th. CareTrust REIT’s dividend payout ratio is 100.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. State Street Corp boosted its stake in CareTrust REIT by 1.8% in the fourth quarter. State Street Corp now owns 12,426,213 shares of the company’s stock valued at $453,411,000 after acquiring an additional 219,641 shares in the last quarter. Wellington Management Group LLP grew its holdings in CareTrust REIT by 18.1% during the fourth quarter. Wellington Management Group LLP now owns 12,355,966 shares of the company’s stock worth $446,792,000 after acquiring an additional 1,893,143 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of CareTrust REIT by 108.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,493,898 shares of the company’s stock valued at $234,820,000 after purchasing an additional 3,379,732 shares during the period. Charles Schwab Investment Management Inc. increased its stake in CareTrust REIT by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,431,083 shares of the company’s stock valued at $160,228,000 after purchasing an additional 202,025 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in CareTrust REIT by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,271,835 shares of the company’s stock worth $118,316,000 after buying an additional 171,245 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

CareTrust REIT Company Profile

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.