BMO Capital Markets Has Lowered Expectations for CareTrust REIT (NYSE:CTRE) Stock Price

Key Points

• BMO Capital Markets cut CareTrust REIT’s price target from $47 to $45 but maintained an “outperform” rating, implying approximately 24% upside from the stock’s $36.27 price.
• Analyst sentiment remains positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $44.25.
• CareTrust REIT matched quarterly earnings expectations at $0.51 per share, while institutional investors own 87.77% of the company’s shares.

CareTrust REIT (NYSE:CTRE - Get Free Report) had its price objective decreased by stock analysts at BMO Capital Markets from $47.00 to $45.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' price target would indicate a potential upside of 24.09% from the stock's current price.

Several other equities research analysts also recently weighed in on CTRE. KeyCorp reiterated an "overweight" rating on shares of CareTrust REIT in a report on Wednesday, September 16th. Cantor Fitzgerald upped their price objective on CareTrust REIT from $42.00 to $43.00 and gave the company a "neutral" rating in a research report on Monday, August 10th. Wells Fargo & Company reduced their target price on CareTrust REIT from $47.00 to $44.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 1st. Citigroup reiterated a "market outperform" rating on shares of CareTrust REIT in a research report on Wednesday, June 10th. Finally, Huntington initiated 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $44.25.

CareTrust REIT Price Performance

CTRE stock opened at $36.27 on Monday. The stock has a market cap of $8.57 billion, a PE ratio of 22.81, a P/E/G 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 company has a 50-day moving average price of $39.23 and a 200 day moving average price of $39.43. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.27.

CareTrust REIT (NYSE:CTRE - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. CareTrust REIT had a net margin of 62.19% and a return on equity of 8.52%. The business had revenue of $161.35 million during the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. Equities research analysts anticipate that CareTrust REIT will post 2.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in CareTrust REIT during the second quarter worth $8,231,000. Greenland Capital Management LP purchased a new stake in shares of CareTrust REIT during the 2nd quarter worth $9,684,000. Corient Private Wealth LP boosted its position in CareTrust REIT by 76.2% during the second quarter. Corient Private Wealth LP now owns 166,828 shares of the company's stock valued at $6,732,000 after purchasing an additional 72,137 shares in the last quarter. William Blair Investment Management LLC bought a new stake in CareTrust REIT during the second quarter valued at about $23,025,000. Finally, Hsbc Holdings PLC raised its holdings in CareTrust REIT by 17.2% in the second quarter. Hsbc Holdings PLC now owns 478,410 shares of the company's stock worth $19,334,000 after purchasing an additional 70,243 shares in the last quarter. 87.77% of the stock is currently 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.

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