CareTrust REIT (NYSE:CTRE) Stock Price Target Cut by UBS Group

CareTrust REIT (NYSE:CTRE) had its target price lowered by investment analysts at UBS Group from $48.00 to $44.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 20.43% from the company’s current price.

Several other equities analysts have also issued reports on the company. Raymond James Financial decreased their price objective on CareTrust REIT from $45.00 to $42.00 and set an “outperform” rating for the company in a research report on Monday, October 5th. Wells Fargo & Company dropped their target price on shares of CareTrust REIT from $47.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday, September 1st. Wedbush set a $44.00 price target on shares of CareTrust REIT in a research note on Tuesday. Huntington assumed coverage on shares of CareTrust REIT in a research note on Thursday, September 10th. They issued an “outperform” rating and a $44.00 price target on the stock. Finally, Weiss Ratings cut shares of CareTrust REIT from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.92.

CareTrust REIT Trading Down 0.3%

NYSE:CTRE traded down $0.10 on Tuesday, reaching $36.54. The company’s stock had a trading volume of 1,973,187 shares, compared to its average volume of 2,546,499. CareTrust REIT has a 1-year low of $32.79 and a 1-year 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. The firm has a market cap of $8.63 billion, a PE ratio of 22.98, a PEG ratio of 1.40 and a beta of 0.75. The business’s 50-day moving average price is $38.52 and its two-hundred day moving average price is $39.34.

CareTrust REIT (NYSE:CTRE) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $161.35 million during 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. Equities research analysts anticipate that CareTrust REIT will post 2.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CareTrust REIT

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in CareTrust REIT during the 2nd quarter worth approximately $1,643,290,000. Deutsche Bank AG acquired a new stake in shares of CareTrust REIT in the second quarter valued at approximately $143,963,000. Dimensional Fund Advisors LP raised its holdings in shares of CareTrust REIT by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,333,252 shares of the company’s stock valued at $122,164,000 after purchasing an additional 61,417 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of CareTrust REIT in the second quarter valued at approximately $102,162,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of CareTrust REIT by 35,170.9% in 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 purchasing an additional 1,407,893 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.