CareTrust REIT, Inc. (NYSE:CTRE) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• CareTrust REIT has a consensus “Moderate Buy” rating from 14 analysts, with 10 buys, three holds and one strong buy. The average 12-month price target is $44.50, above the reported $37.56 share price.
• The company reported quarterly EPS of $0.51, matching expectations, on revenue of $161.35 million. Analysts forecast full-year 2026 EPS of approximately $2.04.
• CareTrust declared a quarterly dividend of $0.39 per share, equivalent to $1.56 annually and a 4.2% yield. Institutional investors own 87.77% of the company, with several major firms recently initiating or increasing positions.

CareTrust REIT, Inc. (NYSE:CTRE - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fourteen analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $44.50.

Several equities research analysts have commented on the company. BMO Capital Markets upped their price objective on CareTrust REIT from $46.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, June 15th. Royal Bank Of Canada lowered shares of CareTrust REIT from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $44.00 to $43.00 in a report on Friday, August 14th. Citigroup reiterated a "market outperform" rating on shares of CareTrust REIT in a research note on Wednesday, June 10th. Huntington assumed coverage on shares of CareTrust REIT in a report on Thursday, September 10th. They set an "outperform" rating and a $44.00 price target on the stock. Finally, Weiss Ratings lowered shares of CareTrust REIT from a "buy (b+)" rating to a "buy (b)" rating in a research report on Tuesday, September 8th.

CareTrust REIT Price Performance

NYSE:CTRE opened at $37.56 on Friday. CareTrust REIT has a one year low of $32.79 and a one year high of $43.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 1.49 and a beta of 0.76. The firm's fifty day moving average is $40.22 and its two-hundred day moving average is $39.64.

CareTrust REIT (NYSE:CTRE - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, meeting analysts' consensus estimates of $0.51. CareTrust REIT had a return on equity of 8.52% and a net margin of 62.19%.The business had revenue of $161.35 million during the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. Research analysts expect that CareTrust REIT will post 2.04 EPS for the current year.

CareTrust REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.39 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.2%. CareTrust REIT's dividend payout ratio (DPR) is 98.11%.

Hedge Funds Weigh In On CareTrust REIT

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new position in CareTrust REIT during the second quarter worth approximately $1,643,290,000. Geode Capital Management LLC lifted its position in shares of CareTrust REIT by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 6,092,398 shares of the company's stock valued at $220,332,000 after buying an additional 409,411 shares in the last quarter. Deutsche Bank AG purchased a new position in shares of CareTrust REIT during the 2nd quarter valued at approximately $143,963,000. Dimensional Fund Advisors LP grew its stake in CareTrust REIT by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,333,252 shares of the company's stock valued at $122,164,000 after acquiring an additional 61,417 shares during the period. Finally, Norges Bank purchased a new stake in CareTrust REIT in the 4th quarter worth $114,810,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that owns and manages a portfolio of healthcare-related properties across the United States. The company primarily invests in properties that are leased to healthcare operators under long-term, typically triple-net lease agreements.

CareTrust's portfolio includes skilled nursing facilities, assisted living facilities, independent living communities, memory care properties and other healthcare-related real estate. Its tenants are responsible for operating the facilities and generally cover property-level expenses such as taxes, insurance and maintenance under the terms of the leases.

CareTrust was established in 2014 through a separation from The Ensign Group, a healthcare services company.

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