CareTrust REIT (NYSE:CTRE) Given Sector Perform Rating at Royal Bank Of Canada

CareTrust REIT (NYSE:CTRE)‘s stock had its “sector perform” rating reissued by equities researchers at Royal Bank Of Canada in a research report issued on Monday, Benzinga reports. They currently have a $43.00 price target on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 17.79% from the company’s current price.

Several other research analysts have also weighed in on CTRE. Huntington began coverage on shares of CareTrust REIT in a research report on Thursday, September 10th. They set an “outperform” rating and a $44.00 target price on the stock. Cantor Fitzgerald upped their target price on shares of CareTrust REIT from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Raymond James Financial lowered their target price on shares of CareTrust REIT from $45.00 to $42.00 and set an “outperform” rating on the stock in a research report on Monday. BMO Capital Markets lowered their target price on shares of CareTrust REIT from $47.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Weiss Ratings upgraded shares of CareTrust REIT from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.25.

CareTrust REIT Stock Performance

NYSE CTRE traded up $0.31 during trading hours on Monday, hitting $36.51. 796,529 shares of the stock were exchanged, compared to its average volume of 2,534,826. The company has a market cap of $8.63 billion, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 1.42 and a beta of 0.75. CareTrust REIT has a 12-month low of $32.79 and a 12-month high of $43.62. The stock has a 50-day moving average of $39.10 and a 200 day moving average of $39.40. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.27.

CareTrust REIT (NYSE:CTRE) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.51 earnings per share (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. As a group, equities research analysts forecast that CareTrust REIT will post 2.06 earnings per share for the current year.

Institutional Trading of CareTrust REIT

A number of hedge funds have recently bought and sold shares of CTRE. Kestra Private Wealth Services LLC increased its stake in CareTrust REIT by 1.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 27,684 shares of the company’s stock valued at $1,015,000 after buying an additional 297 shares during the period. Anchor Investment Management LLC increased its stake in CareTrust REIT by 4.3% in the 2nd quarter. Anchor Investment Management LLC now owns 7,260 shares of the company’s stock valued at $293,000 after buying an additional 297 shares during the period. IFM Investors Pty Ltd increased its stake in CareTrust REIT by 1.0% in the 1st quarter. IFM Investors Pty Ltd now owns 36,608 shares of the company’s stock valued at $1,342,000 after buying an additional 345 shares during the period. NewEdge Advisors LLC increased its stake in CareTrust REIT by 1.0% in the 2nd quarter. NewEdge Advisors LLC now owns 37,934 shares of the company’s stock valued at $1,531,000 after buying an additional 362 shares during the period. Finally, Concurrent Investment Advisors LLC increased its stake in CareTrust REIT by 2.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 22,386 shares of the company’s stock valued at $903,000 after buying an additional 529 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a real estate investment trust that owns, acquires, develops, and leases healthcare-related properties. Its portfolio is primarily focused on skilled nursing facilities, assisted living communities, and other post-acute care properties operated by third-party healthcare providers.

The company generally leases its properties under long-term agreements, including triple-net leases, under which tenants are typically responsible for property-level expenses such as taxes, insurance, and maintenance.