CareTrust REIT, Inc. (NYSE:CTRE) Stock Has Average Price Target of $43.92

Shares of CareTrust REIT, Inc. (NYSE:CTRE) have been given an average rating of “Moderate Buy” by the fifteen research firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $43.64.

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company decreased their price objective on CareTrust REIT from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Monday. JPMorgan Chase & Co. initiated coverage on CareTrust REIT in a research note on Friday, October 16th. They issued a “neutral” rating and a $41.00 target price for the company. Wedbush set a $44.00 target price on CareTrust REIT in a research note on Tuesday, October 13th. UBS Group reduced their target price on CareTrust REIT from $48.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Finally, BMO Capital Markets decreased their price target on CareTrust REIT from $47.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, October 5th.

CareTrust REIT Stock Performance

Shares of CTRE opened at $35.65 on Thursday. CareTrust REIT has a 1 year low of $33.72 and a 1 year high of $43.62. The company’s 50 day simple moving average is $37.94 and its 200 day simple moving average is $39.29. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 1.29 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 (NYSE:CTRE) last released its earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The firm had revenue of $161.35 million during the quarter. CareTrust REIT had a net margin of 62.19% and a return on equity of 8.52%. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. On average, sell-side analysts predict that CareTrust REIT will post 2.08 EPS for the current year.

CareTrust REIT Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CTRE. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in CareTrust REIT in the second quarter valued at $8,231,000. Greenland Capital Management LP purchased a new stake in CareTrust REIT during the second quarter valued at about $9,684,000. Corient Private Wealth LP grew its position in CareTrust REIT by 76.2% during the second quarter. Corient Private Wealth LP now owns 166,828 shares of the company’s stock valued at $6,732,000 after acquiring an additional 72,137 shares during the period. Hsbc Holdings PLC grew its position in CareTrust REIT by 17.2% during the second quarter. Hsbc Holdings PLC now owns 478,410 shares of the company’s stock valued at $19,334,000 after acquiring an additional 70,243 shares during the period. Finally, William Blair Investment Management LLC acquired a new stake in CareTrust REIT during the second quarter worth about $23,025,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

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.