CareTrust REIT (NYSE:CTRE) Now Covered by Mizuho

Key Points

• Mizuho initiated coverage on CareTrust REIT with an outperform rating and a $42 price target, implying roughly a 13.0% upside from the prior close.
• Consensus among analysts is an average Buy rating with an average price target of $42.82 (3 Strong Buy, 8 Buy, 1 Hold, 1 Sell).
• CareTrust beat quarterly EPS estimates ($0.50 vs. $0.47) and set FY2026 guidance of 1.900–1.95 EPS, while institutional investors own about 87.77% of the stock.

Analysts at Mizuho started coverage on shares of CareTrust REIT (NYSE:CTRE - Get Free Report) in a research report issued on Thursday,Benzinga reports. The brokerage set an "outperform" rating and a $42.00 price target on the stock. Mizuho's price target indicates a potential upside of 13.01% from the stock's previous close.

Other equities analysts have also issued reports about the stock. Weiss Ratings raised shares of CareTrust REIT from a "buy (b+)" rating to a "buy (a-)" rating in a report on Monday, January 26th. Royal Bank Of Canada increased their price target on shares of CareTrust REIT from $41.00 to $44.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 24th. Citizens Jmp began coverage on shares of CareTrust REIT in a research note on Thursday, January 22nd. They issued a "market outperform" rating and a $44.00 price objective on the stock. The Goldman Sachs Group set a $44.00 price objective on shares of CareTrust REIT in a research report on Thursday, January 22nd. Finally, Citigroup assumed coverage on CareTrust REIT in a research note on Thursday, January 22nd. They set a "market outperform" rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, CareTrust REIT has an average rating of "Buy" and an average price target of $42.82.

CareTrust REIT Stock Performance

CTRE opened at $37.17 on Thursday. The firm has a market cap of $8.30 billion, a P/E ratio of 23.98, a price-to-earnings-growth ratio of 2.47 and a beta of 0.77. CareTrust REIT has a 52-week low of $25.82 and a 52-week high of $41.72. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.73 and a current ratio of 1.73. The business's fifty day moving average is $38.76 and its 200-day moving average is $36.89.

CareTrust REIT (NYSE:CTRE - Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.03. CareTrust REIT had a return on equity of 8.98% and a net margin of 67.28%.The company had revenue of $134.86 million for the quarter. CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS.

Institutional Investors Weigh In On CareTrust REIT

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in CareTrust REIT by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 33,184,181 shares of the company's stock worth $1,199,940,000 after purchasing an additional 210,965 shares in the last quarter. State Street Corp boosted its position in CareTrust REIT by 1.8% in the fourth quarter. State Street Corp now owns 12,426,213 shares of the company's stock valued at $453,411,000 after buying an additional 219,641 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of CareTrust REIT by 18.1% during the fourth quarter. Wellington Management Group LLP now owns 12,355,966 shares of the company's stock worth $446,792,000 after buying an additional 1,893,143 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of CareTrust REIT by 108.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,493,898 shares of the company's stock worth $234,820,000 after buying an additional 3,379,732 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of CareTrust REIT by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 6,092,398 shares of the company's stock worth $220,332,000 after buying an additional 409,411 shares in the last quarter. 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 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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