Wedbush Analysts Raise Earnings Estimates for CareTrust REIT

CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) - Research analysts at Wedbush raised their Q2 2025 earnings per share estimates for CareTrust REIT in a report released on Wednesday, May 7th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings of $0.43 per share for the quarter, up from their prior forecast of $0.42. Wedbush has a "Underperform" rating and a $26.00 price objective on the stock. The consensus estimate for CareTrust REIT's current full-year earnings is $1.71 per share. Wedbush also issued estimates for CareTrust REIT's Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.44 EPS and FY2026 earnings at $1.99 EPS.

Other analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft raised CareTrust REIT from a "hold" rating to a "buy" rating and set a $31.00 target price for the company in a report on Thursday, March 13th. Royal Bank of Canada decreased their price objective on shares of CareTrust REIT from $37.00 to $32.00 and set an "outperform" rating on the stock in a report on Friday, February 21st. Finally, Wells Fargo & Company decreased their price objective on shares of CareTrust REIT from $34.00 to $31.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.00.

CareTrust REIT Stock Down 1.6%

NASDAQ CTRE traded down $0.45 during trading on Thursday, reaching $28.70. 1,510,281 shares of the company's stock were exchanged, compared to its average volume of 1,800,121. CareTrust REIT has a 1 year low of $24.35 and a 1 year high of $33.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.82 and a current ratio of 3.82. The stock has a market cap of $5.50 billion, a P/E ratio of 36.33, a price-to-earnings-growth ratio of 1.25 and a beta of 0.88. The company has a 50 day moving average price of $28.16 and a two-hundred day moving average price of $28.08.

CareTrust REIT (NASDAQ:CTRE - Get Free Report) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.12). CareTrust REIT had a return on equity of 5.59% and a net margin of 42.22%. During the same period last year, the firm earned $0.25 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in CareTrust REIT by 381.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,878,379 shares of the real estate investment trust's stock valued at $212,267,000 after purchasing an additional 5,448,904 shares during the last quarter. Bank of New York Mellon Corp lifted its position in CareTrust REIT by 5.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,505,883 shares of the real estate investment trust's stock valued at $67,784,000 after purchasing an additional 126,280 shares during the last quarter. Tidal Investments LLC bought a new stake in CareTrust REIT in the 3rd quarter valued at about $576,000. Corient Private Wealth LLC lifted its position in CareTrust REIT by 9.2% in the 4th quarter. Corient Private Wealth LLC now owns 22,481 shares of the real estate investment trust's stock valued at $608,000 after purchasing an additional 1,903 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in CareTrust REIT by 26.9% in the 4th quarter. Rhumbline Advisers now owns 572,664 shares of the real estate investment trust's stock valued at $15,491,000 after purchasing an additional 121,328 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

CareTrust REIT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 4.67%. This is a positive change from CareTrust REIT's previous quarterly dividend of $0.29. The ex-dividend date was Monday, March 31st. CareTrust REIT's dividend payout ratio (DPR) is presently 145.65%.

About CareTrust REIT

CareTrust REIT, Inc's (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas.