CareTrust REIT (CTRE) Stock Price, News & Analysis

Company Overview

CareTrust REIT, Inc.'s (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas. As of March 31, 2024, the Company also had other real estate related investments consisting of one preferred equity investment, nine real estate secured loans receivable and four mezzanine loans receivable with a carrying value of $233.3 million.

Key Stats

• Today's Range: $28.67 to $29.25
• 50-Day Range: $26.62 to $29.59
• 52-Week Range: $24.35 to $33.15
• Volume: 952,978 shs
• Average Volume: 1.80 million shs
• Market Capitalization: $5.52 billion
• P/E Ratio: 36.45
• Dividend Yield: 4.65%
• Price Target: $31.17
• Consensus Rating: Moderate Buy

CareTrust REIT Stock Analysis - MarketRank™

CareTrust REIT scored higher than 45% of companies evaluated by MarketBeat, and ranked 711th out of 934 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

CareTrust REIT has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

CareTrust REIT has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 12.87%

Earnings Growth

Earnings for CareTrust REIT are expected to grow by 12.87% in the coming year, from $1.71 to $1.93 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of CareTrust REIT is 36.45, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of CareTrust REIT is 36.45, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 22.82.

Price to Earnings Growth Ratio

CareTrust REIT has a PEG Ratio of 1.25. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

CareTrust REIT has a P/B Ratio of 1.86. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.23% of the float of CareTrust REIT has been sold short.

Short Interest Ratio / Days to Cover

CareTrust REIT has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in CareTrust REIT has recently decreased by 9.07%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

CareTrust REIT is a leading dividend payer. It pays a dividend yield of 4.67%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

CareTrust REIT has only been increasing its dividend for 3 years.

Dividend Coverage

The dividend payout ratio of CareTrust REIT is 145.65%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, CareTrust REIT will have a dividend payout ratio of 69.43% next year. This indicates that CareTrust REIT will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.23% of the float of CareTrust REIT has been sold short.

Short Interest Ratio / Days to Cover

CareTrust REIT has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in CareTrust REIT has recently decreased by 9.07%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 1.05

News Sentiment

CareTrust REIT has a news sentiment score of 1.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.93 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for CareTrust REIT this week, compared to 8 articles on an average week.

Search Interest

Only 3 people have searched for CTRE on MarketBeat in the last 30 days. This is a decrease of -63% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added CareTrust REIT to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, CareTrust REIT insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.51% of the stock of CareTrust REIT is held by insiders.

Percentage Held by Institutions

87.77% of the stock of CareTrust REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CTRE Stock Analysis - Frequently Asked Questions

How have CTRE shares performed this year?

CareTrust REIT's stock was trading at $27.05 on January 1st, 2025. Since then, CTRE shares have increased by 6.5% and is now trading at $28.7990.
View the best growth stocks for 2025 here.

How were CareTrust REIT's earnings last quarter?

CareTrust REIT, Inc. (NASDAQ:CTRE) released its earnings results on Wednesday, February, 12th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.41 by $0.12. CareTrust REIT had a trailing twelve-month return on equity of 5.59% and a net margin of 42.22%.

Who are CareTrust REIT's major shareholders?

Top institutional investors of CareTrust REIT include Vanguard Group Inc. (14.94%), Wellington Management Group LLP (5.18%), Charles Schwab Investment Management Inc. (1.54%) and Northern Trust Corp (1.36%).
View institutional ownership trends.

How do I buy shares of CareTrust REIT?

Shares of CTRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of CareTrust REIT own?

Based on aggregate information from My MarketBeat watchlists, some other companies that CareTrust REIT investors own include Symbotic (SYM), JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), Voya Infrastructure, Industrials and Materials Fund (IDE), NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 2/12/2025
• Record date for 4/15 Dividend: 3/31/2025
• Ex-Dividend for 4/15 Dividend: 3/31/2025
• Dividend Payable: 4/15/2025
• Today: 6/14/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• Current Symbol: NASDAQ:CTRE
• Previous Symbol: NASDAQ:CTREV
• CIK: 1590717
• Web: www.caretrustreit.com
• Phone: (949) 542-3130
• Fax: N/A
• Employees: 20
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $31.17
• High Stock Price Target: $34.00
• Low Stock Price Target: $26.00
• Potential Upside/Downside: +8.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.92
• Trailing P/E Ratio: 36.45
• Forward P/E Ratio: 16.84
• P/E Growth: 1.25
• Net Income: $125.08 million
• Net Margins: 42.22%
• Pretax Margin: 41.99%
• Return on Equity: 5.59%
• Return on Assets: 4.39%

Debt

• Debt-to-Equity Ratio: 0.14
• Current Ratio: 3.82
• Quick Ratio: 3.82

Sales & Book Value

• Annual Sales: $246.41 million
• Price / Sales: 22.40
• Cash Flow: $1.23 per share
• Price / Cash Flow: 23.35
• Book Value: $15.51 per share
• Price / Book: 1.86

Miscellaneous

• Outstanding Shares: 191,689,000
• Free Float: 184,378,000
• Market Cap: $5.52 billion
• Optionable: Optionable
• Beta: 0.83