CareTrust REIT (NYSE:CTRE) Now Covered by Analysts at Huntington

Stock analysts at Huntington initiated coverage on shares of CareTrust REIT (NYSE:CTRE) in a research report issued on Thursday, Briefing.com reports. The firm set an “outperform” rating and a $44.00 price target on the stock. Huntington’s price target indicates a potential upside of 12.82% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company decreased their price target on shares of CareTrust REIT from $47.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, September 1st. Mizuho set a $45.00 price objective on shares of CareTrust REIT in a research note on Friday, May 22nd. BMO Capital Markets increased 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. Royal Bank Of Canada lowered shares of CareTrust REIT from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $44.00 to $43.00 in a research note on Friday, August 14th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of CareTrust REIT in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, CareTrust REIT currently has an average rating of “Moderate Buy” and a consensus target price of $44.50.

CareTrust REIT Stock Down 0.8%

Shares of CareTrust REIT stock opened at $39.00 on Thursday. CareTrust REIT has a 1 year low of $32.79 and a 1 year high of $43.62. The company has a market cap of $9.22 billion, a P/E ratio of 24.53, a P/E/G ratio of 1.55 and a beta of 0.76. 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 price of $40.65 and a 200 day moving average price of $39.75.

CareTrust REIT (NYSE:CTRE) last released 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. The company had revenue of $161.35 million for 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. As a group, analysts expect that CareTrust REIT will post 2.05 EPS for the current fiscal year.

Institutional Trading of CareTrust REIT

Hedge funds have recently added to or reduced their stakes in the business. Swiss Life Asset Management Ltd grew its holdings in CareTrust REIT by 2.9% in the 4th quarter. Swiss Life Asset Management Ltd now owns 10,309 shares of the company’s stock valued at $373,000 after buying an additional 291 shares during the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of CareTrust REIT by 1.1% during the first quarter. Kestra Private Wealth Services LLC now owns 27,684 shares of the company’s stock worth $1,015,000 after buying an additional 297 shares during the last quarter. Tocqueville Asset Management L.P. lifted its holdings in shares of CareTrust REIT by 2.8% during the third quarter. Tocqueville Asset Management L.P. now owns 10,900 shares of the company’s stock worth $378,000 after buying an additional 300 shares during the last quarter. UMB Bank n.a. boosted its position in shares of CareTrust REIT by 25.3% in the fourth quarter. UMB Bank n.a. now owns 1,525 shares of the company’s stock valued at $55,000 after acquiring an additional 308 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of CareTrust REIT by 0.9% in the fourth quarter. NewEdge Advisors LLC now owns 36,044 shares of the company’s stock valued at $1,303,000 after acquiring an additional 318 shares during the period. Institutional investors own 87.77% of the company’s stock.

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.