CareTrust REIT (CTRE) Stock Forecast & Price Target

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$23.74

+0.22 (+0.94%)

(As of 04/18/2024 ET)

CareTrust REIT Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 7 Analyst Ratings

Analysts' Consensus Price Target

$23.57
-0.71% Downside

High Forecast	$25.00
Average Forecast	$23.57
Low Forecast	$23.00

Type	Current Forecast 4/19/23 to 4/18/24	1 Month Ago 3/20/23 to 3/19/24	3 Months Ago 1/19/23 to 1/19/24	1 Year Ago 4/19/22 to 4/19/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$23.57	$23.57	$23.50	$21.10
Predicted Upside	-0.71% Downside	10.94% Upside	11.81% Upside	11.58% Upside

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CTRE Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CTRE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

CareTrust REIT Stock vs. The Competition

Type	CareTrust REIT	Finance Companies	S&P 500
Consensus Rating Score	2.71	2.43	2.49
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	-0.71% Downside	78.92% Upside	12.29% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
1/31/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$25.00 ➝ $24.00	+13.10%
1/30/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$23.00	+6.88%
1/5/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$22.00 ➝ $25.00	+13.87%
11/27/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$22.00 ➝ $23.00	-0.13%
9/20/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$23.00	+14.77%
8/16/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$23.50 ➝ $24.00	+20.48%
7/27/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$23.00	+9.26%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:05 PM ET.

CTRE Price Target - Frequently Asked Questions

What is CareTrust REIT's consensus rating and price target?: According to the issued ratings of 7 analysts in the last year, the consensus rating for CareTrust REIT stock is Moderate Buy based on the current 2 hold ratings and 5 buy ratings for CTRE. The average twelve-month price prediction for CareTrust REIT is $23.57 with a high price target of $25.00 and a low price target of $23.00. Learn more on CTRE's analyst rating history.
Do Wall Street analysts like CareTrust REIT more than its competitors?: Analysts like CareTrust REIT more than other Finance companies. The consensus rating for CareTrust REIT is Moderate Buy while the average consensus rating for finance companies is Hold. Learn more on how CTRE compares to other companies.
Does CareTrust REIT's stock price have much upside?: According to analysts, CareTrust REIT's stock has a predicted upside of 10.94% based on their 12-month stock forecasts.

What analysts cover CareTrust REIT?: CareTrust REIT has been rated by Deutsche Bank Aktiengesellschaft, and Royal Bank of Canada in the past 90 days.

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This page (NASDAQ:CTRE) was last updated on 4/18/2024 by MarketBeat.com Staff

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CareTrust REIT (CTRE) Stock Forecast & Price Target

CareTrust REIT Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

CTRE Analyst Ratings By Month

CTRE Price Targets by Month

CareTrust REIT Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

CTRE Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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