CareTrust REIT (NYSE:CTRE) Issues FY 2026 Earnings Guidance

Key Points

• FY 2026 EPS guidance: CareTrust REIT issued guidance of $2.00–$2.04 per share for FY2026, slightly above the average analyst forecast of $1.98.
• Dividend increase: The company raised its quarterly dividend to $0.39 (from $0.34), representing a $1.56 annualized payout and a ~4.0% yield with a payout ratio of 86.45%.
• Stock and analyst outlook: CTRE trades near $39.47 with a market cap of $8.81B and a P/E of 25.46, and analysts carry an average "Buy" rating with a consensus target of $42.82.

CareTrust REIT (NYSE:CTRE - Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.000-2.040 for the period. The company issued revenue guidance of -.

CareTrust REIT Stock Down 0.0%

NYSE:CTRE traded down $0.01 during trading hours on Thursday, reaching $39.47. The company had a trading volume of 2,134,971 shares, compared to its average volume of 2,469,433. CareTrust REIT has a twelve month low of $27.72 and a twelve month high of $41.72. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. The firm has a market cap of $8.81 billion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 2.63 and a beta of 0.77. The business's 50-day simple moving average is $38.99 and its two-hundred day simple moving average is $37.66.

CareTrust REIT (NYSE:CTRE - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.36 earnings per share for the quarter. The firm had revenue of $142.78 million for the quarter. CareTrust REIT had a net margin of 67.28% and a return on equity of 8.98%. CareTrust REIT has set its FY 2026 guidance at 2.000-2.040 EPS. On average, equities analysts expect that CareTrust REIT will post 1.98 earnings per share for the current year.

CareTrust REIT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.39 dividend. The ex-dividend date was Tuesday, March 31st. This is an increase from CareTrust REIT's previous quarterly dividend of $0.34. This represents a $1.56 annualized dividend and a yield of 4.0%. CareTrust REIT's dividend payout ratio is currently 86.45%.

Wall Street Analyst Weigh In

CTRE has been the subject of a number of research reports. Cantor Fitzgerald raised their price objective on CareTrust REIT from $37.00 to $42.00 and gave the company a "neutral" rating in a research note on Tuesday, February 17th. Citigroup started coverage on shares of CareTrust REIT in a report on Thursday, January 22nd. They set a "market outperform" rating on the stock. Wells Fargo & Company upped their target price on shares of CareTrust REIT from $41.00 to $42.00 and gave the stock an "overweight" rating in a report on Thursday, March 26th. The Goldman Sachs Group set a $44.00 price target on shares of CareTrust REIT in a research report on Thursday, January 22nd. Finally, Zacks Research lowered CareTrust REIT from a "hold" rating to a "strong sell" rating in a report on Wednesday, March 25th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $42.82.

Institutional Trading of CareTrust REIT

Hedge funds have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. raised its stake in shares of CareTrust REIT by 108.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,493,898 shares of the company's stock valued at $234,820,000 after purchasing an additional 3,379,732 shares during the period. Wellington Management Group LLP grew its holdings in CareTrust REIT by 18.1% during the 4th quarter. Wellington Management Group LLP now owns 12,355,966 shares of the company's stock valued at $446,792,000 after buying an additional 1,893,143 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in CareTrust REIT by 114.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,238,307 shares of the company's stock valued at $112,305,000 after buying an additional 1,728,043 shares in the last quarter. State Street Corp increased its position in shares of CareTrust REIT by 11.7% during the third quarter. State Street Corp now owns 12,206,572 shares of the company's stock valued at $427,336,000 after buying an additional 1,277,378 shares during the period. Finally, Zimmer Partners LP lifted its holdings in shares of CareTrust REIT by 140.8% in the third quarter. Zimmer Partners LP now owns 1,588,130 shares of the company's stock worth $55,076,000 after buying an additional 928,688 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 based in Deerfield Beach, Florida, specializing in the ownership, acquisition and management of net-leased healthcare properties. The company primarily focuses on seniors housing and post-acute care facilities, entering into long-term, triple-net lease agreements with leading operators in the skilled nursing, assisted living, memory care, inpatient rehabilitation and specialty hospital sectors. Through its portfolio, CareTrust REIT aims to provide investors with stable and predictable rental income while supporting the ongoing demand for quality healthcare real estate across the United States.

Since its initial public offering in September 2013, CareTrust REIT has pursued a disciplined acquisition strategy, targeting properties in primary and select secondary markets.

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