NASDAQ:CTRE

CareTrust REIT (CTRE) Stock Price, News & Analysis

$23.92
+0.33 (+1.40%)
(As of 04/23/2024 ET)
Today's Range
$23.58
$23.94
50-Day Range
$22.53
$24.53
52-Week Range
$18.18
$24.62
Volume
1.12 million shs
Average Volume
1.38 million shs
Market Capitalization
$3.23 billion
P/E Ratio
48.82
Dividend Yield
4.85%
Price Target
$23.57

CareTrust REIT MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
1.4% Downside
$23.57 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.17mentions of CareTrust REIT in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.50%
From $1.53 to $1.66 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.01 out of 5 stars

Finance Sector

648th out of 838 stocks

Real Estate Investment Trusts Industry

130th out of 171 stocks

CTRE stock logo

About CareTrust REIT Stock (NASDAQ:CTRE)

CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.

CTRE Stock Price History

CTRE Stock News Headlines

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CTRE Jul 2024 30.000 put
CareTrust REIT Inc.
RBC Capital Remains a Buy on CareTrust REIT (CTRE)
See More Headlines
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Company Calendar

Last Earnings
2/15/2022
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
4/23/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Current Symbol
NASDAQ:CTRE
Previous Symbol
NASDAQ:CTREV
Fax
N/A
Employees
17
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$23.57
High Stock Price Target
$25.00
Low Stock Price Target
$23.00
Potential Upside/Downside
-1.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$53.74 million
Pretax Margin
24.67%

Debt

Sales & Book Value

Annual Sales
$217.77 million
Cash Flow
$0.95 per share
Book Value
$11.91 per share

Miscellaneous

Free Float
134,264,000
Market Cap
$3.23 billion
Optionable
Optionable
Beta
1.05
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CTRE Stock Analysis - Frequently Asked Questions

Should I buy or sell CareTrust REIT stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CareTrust REIT in the last twelve months. There are currently 2 hold ratings and 5 buy ratings 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.

What is CareTrust REIT's stock price target for 2024?

7 Wall Street research analysts have issued 1-year price objectives for CareTrust REIT's shares. Their CTRE share price targets range from $23.00 to $25.00. On average, they anticipate the company's stock price to reach $23.57 in the next year. This suggests that the stock has a possible downside of 1.4%.
View analysts price targets for CTRE
or view top-rated stocks among Wall Street analysts.

How have CTRE shares performed in 2024?

CareTrust REIT's stock was trading at $22.38 on January 1st, 2024. Since then, CTRE shares have increased by 6.8% and is now trading at $23.90.
View the best growth stocks for 2024 here
.

When is CareTrust REIT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our CTRE earnings forecast
.

How were CareTrust REIT's earnings last quarter?

CareTrust REIT, Inc. (NASDAQ:CTRE) issued its quarterly earnings data 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 net margin of 24.67% and a trailing twelve-month return on equity of 5.14%. During the same quarter in the prior year, the company earned $0.36 earnings per share.

How often does CareTrust REIT pay dividends? What is the dividend yield for CareTrust REIT?

CareTrust REIT announced a quarterly dividend on Monday, March 18th. Investors of record on Thursday, March 28th will be paid a dividend of $0.29 per share on Monday, April 15th. This represents a $1.16 annualized dividend and a dividend yield of 4.85%. The ex-dividend date is Wednesday, March 27th. This is an increase from the stock's previous quarterly dividend of $0.28.
Read our dividend analysis for CTRE
.

Is CareTrust REIT a good dividend stock?

CareTrust REIT (NASDAQ:CTRE) pays an annual dividend of $1.16 per share and currently has a dividend yield of 4.90%. 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 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 236.73%. 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 69.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CTRE.

What guidance has CareTrust REIT issued on next quarter's earnings?

CareTrust REIT updated its FY 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share (EPS) guidance of 1.430-1.450 for the period, compared to the consensus EPS estimate of 1.530. The company issued revenue guidance of -.

What other stocks do shareholders of CareTrust REIT own?

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).

Who are CareTrust REIT's major shareholders?

CareTrust REIT's stock is owned by many different institutional and retail investors. Top institutional investors include Hazelview Securities Inc. (0.61%), Raymond James & Associates (0.51%), Sound Income Strategies LLC (0.22%), Raymond James Financial Services Advisors Inc. (0.21%), Sumitomo Mitsui Trust Holdings Inc. (0.11%) and State of Alaska Department of Revenue (0.10%).
View institutional ownership trends
.

How do I buy shares of CareTrust REIT?

Shares of CTRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CTRE) was last updated on 4/23/2024 by MarketBeat.com Staff

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