CareTrust REIT (NYSE:CTRE) Stock Bumped Down to "Sell" by Wall Street Zen

Key Points

• Wall Street Zen downgraded CareTrust REIT from “hold” to “sell.” Other analysts remain more positive overall: MarketBeat reports a “Moderate Buy” consensus and an average price target of $43.64.
• CareTrust reported quarterly EPS of $0.54, beating the $0.52 consensus, with revenue of $176.36 million. Analysts expect full-year EPS of $2.07.
• The stock opened at $38.26, within its 12-month range of $34.74 to $43.62; institutional investors and hedge funds own 87.77% of its shares.

CareTrust REIT (NYSE:CTRE - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday, Wall Street Zen reports.

A number of other research analysts have also recently commented on the company. Citigroup reaffirmed a "market outperform" rating on shares of CareTrust REIT in a research note on Tuesday, October 13th. Royal Bank Of Canada restated a "sector perform" rating and issued a $43.00 price objective on shares of CareTrust REIT in a research report on Monday, October 5th. UBS Group cut their target price on shares of CareTrust REIT from $48.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, October 13th. JPMorgan Chase & Co. began coverage on CareTrust REIT in a report on Friday, October 16th. They issued a "neutral" rating and a $41.00 target price on the stock. Finally, Cantor Fitzgerald increased 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. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $43.64.

CareTrust REIT Trading Up 2.9%

NYSE:CTRE opened at $38.26 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.27. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 1.28 and a beta of 0.77. CareTrust REIT has a 12 month low of $34.74 and a 12 month high of $43.62. The company's 50 day moving average is $37.28 and its 200-day moving average is $38.98.

CareTrust REIT (NYSE:CTRE - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.02. The company had revenue of $176.36 million for the quarter. CareTrust REIT had a return on equity of 8.52% and a net margin of 62.19%. Equities analysts anticipate that CareTrust REIT will post 2.07 EPS for the current year.

Hedge Funds Weigh In On CareTrust REIT

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

Key CareTrust REIT News

Here are the key news stories impacting CareTrust REIT this week:

• Positive Sentiment: Third-quarter FFO was $0.54 per share, above the $0.52 consensus and up from $0.45 a year earlier. Revenue reached $176.4 million, also topping estimates cited in the reports. The earnings and revenue beats support the case for improving performance. CareTrust REIT Q3 FFO and Revenues Beat Estimates
• Positive Sentiment: CareTrust projected 2026 normalized FFO of $2.08–$2.09 per share. The outlook offers investors a forward earnings benchmark; the company also expects LNT conversions to RIDEA to begin in 2027. CareTrust projects 2026 normalized FFO per share
• Neutral Sentiment: CareTrust was included among five REITs highlighted for generous dividends after favorable third-quarter results. This may reinforce its appeal to income-focused investors, though the article does not report a dividend increase. 5 REIT Stocks With Generous Dividends to Consider After Q3 Earnings

CareTrust REIT Company Profile

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that owns, acquires, and manages properties used by healthcare providers. Its portfolio primarily includes skilled nursing facilities, assisted living communities, independent living facilities, and other senior housing and healthcare-related properties.

The company generally leases its properties to healthcare operators under long-term, often triple-net lease agreements. Under these arrangements, tenants typically assume responsibility for property-level expenses such as taxes, insurance, and maintenance, while CareTrust focuses on owning and managing the underlying real estate and supporting its operating partners.

CareTrust was formed in 2014 through the spin-off of healthcare properties from The Ensign Group.

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