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

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

Analysts Set New Price Targets

CTRE has been the subject of a number of research analyst reports. BMO Capital Markets lifted their target price on shares of CareTrust REIT from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Citigroup reaffirmed a “market outperform” rating on shares of CareTrust REIT in a report on Wednesday, June 10th. Raymond James Financial started coverage on CareTrust REIT in a research note on Tuesday, June 16th. They issued an “outperform” rating and a $43.00 price objective for the company. Zacks Research upgraded CareTrust REIT from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, KeyCorp restated an “overweight” rating and set a $46.00 target price on shares of CareTrust REIT in a research note on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $44.82.

CareTrust REIT Trading Up 0.1%

Shares of NYSE:CTRE traded up $0.06 during trading on Friday, reaching $41.19. The company’s stock had a trading volume of 668,301 shares, compared to its average volume of 2,574,841. The stock has a market capitalization of $9.73 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 1.85 and a beta of 0.75. CareTrust REIT has a 12 month low of $32.25 and a 12 month high of $43.62. The company has a current ratio of 2.38, a quick ratio of 2.37 and a debt-to-equity ratio of 0.22. The firm’s 50 day simple moving average is $40.11 and its two-hundred day simple moving average is $39.52.

CareTrust REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Tuesday, June 30th. CareTrust REIT’s dividend payout ratio (DPR) is 100.00%.

Hedge Funds Weigh In On CareTrust REIT

A number of hedge funds have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. lifted its holdings in CareTrust REIT by 108.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,493,898 shares of the company’s stock worth $234,820,000 after buying an additional 3,379,732 shares during the period. Wellington Management Group LLP increased its holdings in shares of CareTrust REIT by 18.1% in the 4th quarter. Wellington Management Group LLP now owns 12,355,966 shares of the company’s stock valued at $446,792,000 after acquiring an additional 1,893,143 shares during the period. Daiwa Securities Group Inc. raised its position in shares of CareTrust REIT by 114.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,238,307 shares of the company’s stock worth $112,305,000 after acquiring an additional 1,728,043 shares in the last quarter. State Street Corp raised its position in shares of CareTrust REIT by 11.7% in the 3rd quarter. State Street Corp now owns 12,206,572 shares of the company’s stock worth $427,336,000 after acquiring an additional 1,277,378 shares in the last quarter. Finally, Zimmer Partners LP lifted its stake in shares of CareTrust REIT by 140.8% during the 3rd quarter. Zimmer Partners LP now owns 1,588,130 shares of the company’s stock worth $55,076,000 after purchasing an additional 928,688 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

About CareTrust REIT

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.