CareTrust REIT, Inc. (NYSE:CTRE) Receives $44.50 Average Price Target from Analysts

Shares of CareTrust REIT, Inc. (NYSE:CTRE) have received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $44.50.

Several equities research analysts recently issued reports on the company. Raymond James Financial initiated coverage on CareTrust REIT in a report on Tuesday, June 16th. They issued an “outperform” rating and a $43.00 price objective on the stock. Wells Fargo & Company lowered their target price on CareTrust REIT from $47.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, September 1st. BMO Capital Markets lifted their target price on CareTrust REIT from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. Weiss Ratings lowered shares of CareTrust REIT from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Finally, Citigroup reissued a “market outperform” rating on shares of CareTrust REIT in a research report on Wednesday, June 10th.

Hedge Funds Weigh In On CareTrust REIT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Persistent Asset Partners Ltd acquired a new stake in shares of CareTrust REIT in the second quarter valued at $31,000. Compass Financial Management LLC purchased a new position in CareTrust REIT in the second quarter valued at $34,000. Eurizon Capital SGR S.p.A. purchased a new position in CareTrust REIT in the fourth quarter valued at $44,000. Burnham & Co LLC acquired a new position in CareTrust REIT during the 2nd quarter worth $61,000. Finally, Allworth Financial LP acquired a new position in CareTrust REIT during the 2nd quarter worth $66,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

CareTrust REIT Stock Performance

NYSE:CTRE opened at $37.40 on Friday. CareTrust REIT has a fifty-two week low of $32.79 and a fifty-two week 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 company has a 50 day moving average price of $40.10 and a 200 day moving average price of $39.60. The stock has a market capitalization of $8.84 billion, a P/E ratio of 23.52, a PEG ratio of 1.49 and a beta of 0.76.

CareTrust REIT (NYSE:CTRE) last announced its earnings results on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. CareTrust REIT had a return on equity of 8.52% and a net margin of 62.19%.The company had revenue of $161.35 million for the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. Equities research analysts forecast that CareTrust REIT will post 2.04 EPS for the current year.

CareTrust REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 30th. CareTrust REIT’s dividend payout ratio is presently 98.11%.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that owns and manages a portfolio of healthcare-related properties across the United States. The company primarily invests in properties that are leased to healthcare operators under long-term, typically triple-net lease agreements.

CareTrust’s portfolio includes skilled nursing facilities, assisted living facilities, independent living communities, memory care properties and other healthcare-related real estate. Its tenants are responsible for operating the facilities and generally cover property-level expenses such as taxes, insurance and maintenance under the terms of the leases.

CareTrust was established in 2014 through a separation from The Ensign Group, a healthcare services company.