CareTrust REIT, Inc. (NYSE:CTRE) Stock Has Consensus Price Target of $43.92

Key Points

• CareTrust REIT has a “Moderate Buy” consensus rating from 14 analysts, with an average 12-month price target of $43.92 versus the stock’s reported $36.26 opening price.
• The company reported quarterly EPS of $0.51, matching analyst expectations, on revenue of $161.35 million. It provided fiscal 2026 EPS guidance of $2.03–$2.06.
• CareTrust REIT announced a quarterly dividend of $0.39 per share, equivalent to $1.56 annually and a 4.3% yield; institutional investors own 87.77% of the stock.

Shares of CareTrust REIT, Inc. (NYSE:CTRE - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fourteen analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $43.92.

CTRE has been the subject of a number of recent research reports. Raymond James Financial lowered their target price on CareTrust REIT from $45.00 to $42.00 and set an "outperform" rating for the company in a report on Monday, October 5th. Wells Fargo & Company dropped their target price 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. KeyCorp reissued an "overweight" rating on shares of CareTrust REIT in a research note on Tuesday, October 6th. Wedbush set a $44.00 price target on CareTrust REIT in a report on Tuesday. Finally, Weiss Ratings downgraded CareTrust REIT from a "buy (b+)" rating to a "buy (b)" rating in a research note on Monday.

CareTrust REIT Stock Performance

Shares of CareTrust REIT stock opened at $36.26 on Thursday. The company's 50 day moving average price is $38.33 and its two-hundred day moving average price is $39.32. The firm has a market capitalization of $8.57 billion, a P/E ratio of 22.80, a P/E/G ratio of 1.43 and a beta of 0.75. CareTrust REIT has a fifty-two week low of $33.08 and a fifty-two week high of $43.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.57 and a quick ratio of 0.57.

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 the consensus estimate of $0.51. CareTrust REIT had a net margin of 62.19% and a return on equity of 8.52%. 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 2.07 earnings per share for the current fiscal year.

CareTrust REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors 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 annualized dividend and a yield of 4.3%. CareTrust REIT's dividend payout ratio (DPR) is currently 98.11%.

Institutional Investors Weigh In On CareTrust REIT

A number of institutional investors have recently added to or reduced their stakes in CTRE. BlackRock Inc. acquired a new stake in shares of CareTrust REIT during the second quarter worth $1,643,290,000. Deutsche Bank AG bought a new position in CareTrust REIT during the second quarter worth $143,963,000. Dimensional Fund Advisors LP raised its stake in CareTrust REIT by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,333,252 shares of the company's stock worth $122,164,000 after buying an additional 61,417 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in CareTrust REIT in the second quarter valued at $102,162,000. Finally, 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. 87.77% of the stock is owned by institutional investors.

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.

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