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

CareTrust REIT (NYSE:CTRE)‘s stock had its “sector perform” rating reiterated by Royal Bank Of Canada in a report released on Monday, Benzinga reports. They currently have a $43.00 target price on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 17.82% from the company’s current price.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets dropped their target price on shares of CareTrust REIT from $47.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday. 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 report on Monday, August 10th. KeyCorp restated an “overweight” rating on shares of CareTrust REIT in a report on Wednesday, September 16th. Raymond James Financial reduced their price objective on shares of CareTrust REIT from $45.00 to $42.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Wells Fargo & Company reduced their price objective on shares of CareTrust REIT from $47.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $44.25.

CareTrust REIT Price Performance

CTRE traded up $0.30 during trading on Monday, hitting $36.50. 649,432 shares of the stock traded hands, compared to its average volume of 2,534,038. CareTrust REIT has a twelve month low of $32.79 and a twelve month high of $43.62. The company has a market cap of $8.62 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 1.42 and a beta of 0.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.57 and a quick ratio of 0.57. The business has a 50 day moving average price of $39.10 and a 200 day moving average price of $39.40.

CareTrust REIT (NYSE:CTRE) last posted its earnings results on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $161.35 million for 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. Equities research analysts forecast that CareTrust REIT will post 2.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Persistent Asset Partners Ltd bought a new position in shares of CareTrust REIT during the 2nd quarter valued at approximately $31,000. Compass Financial Management LLC bought a new position in shares of CareTrust REIT during the 2nd quarter valued at approximately $34,000. Burnham & Co LLC bought a new position in shares of CareTrust REIT during the 2nd quarter valued at approximately $61,000. Allworth Financial LP bought a new position in shares of CareTrust REIT during the 2nd quarter valued at approximately $66,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of CareTrust REIT by 63.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,199 shares of the company’s stock valued at $81,000 after acquiring an additional 850 shares during the period. 87.77% of the stock is owned by institutional investors.

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.