CareTrust REIT (CTRE) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CareTrust REIT in the last year. There are currently 2 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CTRE shares.
View CTRE analyst ratings or view top-rated stocks.

8 Wall Street research analysts have issued twelve-month target prices for CareTrust REIT's shares. Their CTRE share price forecasts range from $19.00 to $24.00. On average, they anticipate the company's stock price to reach $22.13 in the next year. This suggests a possible upside of 9.9% from the stock's current price.
View analysts price targets for CTRE or view top-rated stocks among Wall Street analysts.

CareTrust REIT's stock was trading at $18.58 on January 1st, 2023. Since then, CTRE stock has increased by 8.4% and is now trading at $20.14.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our CTRE earnings forecast.

CareTrust REIT, Inc. (NASDAQ:CTRE) announced its quarterly earnings results on Tuesday, February, 15th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by $0.06. CareTrust REIT had a trailing twelve-month return on equity of 4.08% and a net margin of 16.56%. During the same quarter in the prior year, the firm posted $0.36 earnings per share.

CareTrust REIT announced a quarterly dividend on Tuesday, September 19th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.28 per share on Friday, October 13th. This represents a $1.12 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for CTRE.

ETFs with the largest weight of CareTrust REIT (NASDAQ:CTRE) stock in their portfolio include Residential REIT ETF (HAUS), Global X SuperDividend REIT ETF (SRET), Cambria Global Real Estate ETF (BLDG), Virtus Real Asset Income ETF (VRAI), Invesco Active U.S. Real Estate ETF (PSR), JPMorgan Realty Income ETF (JPRE), Invesco S&P SmallCap Financials ETF (PSCF) and First Trust Multi-Asset Diversified Income Index Fund (MDIV).

CareTrust REIT (NASDAQ:CTRE) pays an annual dividend of $1.12 per share and currently has a dividend yield of 5.47%. CTRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 320.01%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CTRE will have a dividend payout ratio of 70.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CTRE.

Based on aggregate information from My MarketBeat watchlists, some companies that other CareTrust REIT investors own include Verizon Communications (VZ), NVIDIA (NVDA), AT&T (T), AbbVie (ABBV), Cisco Systems (CSCO), Home Depot (HD), Bristol-Myers Squibb (BMY), CVS Health (CVS), PayPal (PYPL) and Medical Properties Trust (MPW).

CareTrust REIT trades on the NASDAQ under the ticker symbol "CTRE."

CareTrust REIT's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (18.07%), State Street Corp (6.23%), Bank of New York Mellon Corp (2.52%), BROOKFIELD Corp ON (2.25%), Geode Capital Management LLC (2.21%) and William Blair Investment Management LLC (1.74%).
View institutional ownership trends.

Shares of CTRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CTRE stock can currently be purchased for approximately $20.14.

CareTrust REIT (NASDAQ:CTRE) has a market capitalization of $2.00 billion and generates $196.13 million in revenue each year. The real estate investment trust earns $-7,510,000.00 in net income (profit) each year or $0.35 on an earnings per share basis.

CareTrust REIT's mailing address is 905 CALLE AMANECER SUITE 300, SAN CLEMENTE CA, 92673. The official website for the company is www.caretrustreit.com. The real estate investment trust can be reached via phone at (949) 542-3130 or via email at ir@caretrustreit.com.