CareTrust REIT (NYSE:CTRE) Coverage Initiated by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan initiated coverage of CareTrust REIT with a “neutral” rating and a $41 price target, implying approximately 12% upside from the stock’s $36.59 opening price.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $43.71, despite mixed target changes from other firms.
• CareTrust REIT reported quarterly EPS of $0.51, in line with estimates, and provided fiscal 2026 EPS guidance of $2.03–$2.06. Institutional investors own 87.77% of the company’s shares.

Stock analysts at JPMorgan Chase & Co. began coverage on shares of CareTrust REIT (NYSE:CTRE - Get Free Report) in a report issued on Friday, Briefing.com reports. The firm set a "neutral" rating and a $41.00 price target on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 12.04% from the stock's current price.

A number of other research analysts also recently commented on CTRE. KeyCorp restated an "overweight" rating on shares of CareTrust REIT in a research note on Tuesday, October 6th. Cantor Fitzgerald raised their price target on CareTrust REIT from $42.00 to $43.00 and gave the stock a "neutral" rating in a research note on Monday, August 10th. Wells Fargo & Company cut their price target on CareTrust REIT from $47.00 to $44.00 and set an "overweight" rating for the company in a research note on Tuesday, September 1st. Huntington assumed coverage on CareTrust REIT in a report on Thursday, September 10th. They set an "outperform" rating and a $44.00 price target for the company. Finally, Weiss Ratings cut CareTrust REIT from a "buy (b+)" rating to a "buy (b)" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $43.71.

CareTrust REIT Trading Up 0.8%

Shares of NYSE:CTRE opened at $36.59 on Friday. The firm has a fifty day moving average of $38.24 and a two-hundred day moving average of $39.32. The firm has a market capitalization of $8.65 billion, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 1.42 and a beta of 0.75. CareTrust REIT has a 12-month low of $33.30 and a 12-month high of $43.62. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, meeting 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 for the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. On average, equities analysts expect that CareTrust REIT will post 2.07 EPS for the current fiscal year.

Hedge Funds Weigh In On CareTrust REIT

Institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its stake in shares of CareTrust REIT by 10.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 170,515 shares of the company's stock worth $6,234,000 after acquiring an additional 15,545 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of CareTrust REIT by 6.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,330 shares of the company's stock valued at $195,000 after acquiring an additional 303 shares in the last quarter. Moody National Bank Trust Division grew its holdings in CareTrust REIT by 3.2% during the third quarter. Moody National Bank Trust Division now owns 39,327 shares of the company's stock valued at $1,439,000 after purchasing an additional 1,230 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of CareTrust REIT by 30.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 22,148 shares of the company's stock valued at $894,000 after purchasing an additional 5,128 shares during the period. Finally, Anchor Investment Management LLC raised its position in shares of CareTrust REIT by 4.3% in the second quarter. Anchor Investment Management LLC now owns 7,260 shares of the company's stock valued at $293,000 after purchasing an additional 297 shares during the period. 87.77% of the stock is currently owned by institutional investors.

About CareTrust REIT

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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