CareTrust REIT (NASDAQ:CTRE) Issues FY 2025 Earnings Guidance

CareTrust REIT (NASDAQ:CTRE) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.760-1.770 for the period. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Cantor Fitzgerald initiated coverage on CareTrust REIT in a report on Wednesday, October 1st. They set a “neutral” rating and a $37.00 price objective for the company. Royal Bank Of Canada restated an “outperform” rating on shares of CareTrust REIT in a research report on Monday, August 11th. KeyCorp increased their target price on CareTrust REIT from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Wells Fargo & Company boosted their price target on shares of CareTrust REIT from $32.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Finally, Raymond James Financial set a $39.00 price target on shares of CareTrust REIT and gave the stock a “strong-buy” rating in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, CareTrust REIT currently has a consensus rating of “Moderate Buy” and an average target price of $33.88.

CareTrust REIT Trading Up 2.6%

Shares of CTRE stock traded up $0.92 on Friday, reaching $36.48. 930,559 shares of the company’s stock were exchanged, compared to its average volume of 1,960,518. The company’s fifty day simple moving average is $34.47 and its 200 day simple moving average is $31.85. The stock has a market capitalization of $7.96 billion, a PE ratio of 46.18, a P/E/G ratio of 1.25 and a beta of 0.81. The company has a current ratio of 3.82, a quick ratio of 3.82 and a debt-to-equity ratio of 0.14. CareTrust REIT has a 52 week low of $24.79 and a 52 week high of $36.55.

CareTrust REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.335 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.34 dividend on an annualized basis and a yield of 3.7%. CareTrust REIT’s dividend payout ratio (DPR) is 111.67%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its holdings in CareTrust REIT by 134.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 644 shares during the period. Brevan Howard Capital Management LP acquired a new position in shares of CareTrust REIT during the second quarter worth $204,000. Captrust Financial Advisors raised its position in shares of CareTrust REIT by 13.5% during the 2nd quarter. Captrust Financial Advisors now owns 12,070 shares of the real estate investment trust’s stock worth $369,000 after acquiring an additional 1,435 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in CareTrust REIT during the second quarter worth approximately $411,000. Finally, Tower Research Capital LLC TRC raised its stake in CareTrust REIT by 392.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 15,787 shares of the real estate investment trust’s stock worth $483,000 after acquiring an additional 12,580 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

About CareTrust REIT

CareTrust REIT, Inc’s (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas.