CareTrust REIT (NYSE:CTRE) Stock Rating Reaffirmed as Sector Perform by Royal Bank Of Canada

Key Points

• Royal Bank of Canada reaffirmed its “Sector Perform” rating on CareTrust REIT and set a $43 price target, implying 17.89% upside from the prior close.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $44.25; 87.77% of shares are held by institutional investors and hedge funds.
• CareTrust REIT reported quarterly EPS of $0.51, in line with expectations, on $161.35 million in revenue, and issued fiscal 2026 EPS guidance of $2.03–$2.06.

CareTrust REIT (NYSE:CTRE - Get Free Report)'s stock had its "sector perform" rating reaffirmed by equities research analysts at Royal Bank Of Canada in a research note issued on Monday, Benzinga reports. They currently have a $43.00 target price on the stock. Royal Bank Of Canada's target price indicates a potential upside of 17.89% from the company's previous close.

Several other equities research analysts have also weighed in on the company. Citigroup reissued a "market outperform" rating on shares of CareTrust REIT in a research note on Wednesday, June 10th. Cantor Fitzgerald raised their target price on CareTrust REIT from $42.00 to $43.00 and gave the company a "neutral" rating in a report on Monday, August 10th. Raymond James Financial restated an "outperform" rating and set a $42.00 target price on shares of CareTrust REIT in a research report on Monday. Wells Fargo & Company cut their price objective on CareTrust REIT from $47.00 to $44.00 and set an "overweight" rating for the company in a research report on Tuesday, September 1st. Finally, KeyCorp reiterated an "overweight" rating on shares of CareTrust REIT in a research report on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $44.25.

CareTrust REIT Stock Performance

CareTrust REIT stock traded up $0.18 during mid-day trading on Monday, hitting $36.48. 202,290 shares of the company's stock traded hands, compared to its average volume of 2,526,163. 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 has a one year low of $32.79 and a one year high of $43.62. The firm has a 50 day moving average price of $39.23 and a 200 day moving average price of $39.43. The company has a market cap of $8.62 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 1.42 and a beta of 0.75.

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

Institutional Investors Weigh In On CareTrust REIT

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in CareTrust REIT during the second quarter valued at approximately $1,643,290,000. Deutsche Bank AG acquired a new position in shares of CareTrust REIT during the second quarter worth $143,963,000. Bank of New York Mellon Corp acquired a new position in CareTrust REIT in the second quarter valued at $102,162,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in CareTrust REIT by 35,170.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,411,896 shares of the company's stock valued at $56,970,000 after buying an additional 1,407,893 shares during the period. Finally, Legal & General Group Plc acquired a new position in CareTrust REIT in the second quarter valued at $46,866,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

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.