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CareTrust REIT (CTRE) Stock Forecast, Price & News

$20.20
-0.15 (-0.74%)
(As of 09/27/2023 ET)
Compare
Today's Range
$20.15
$20.55
50-Day Range
$19.59
$21.15
52-Week Range
$16.22
$21.37
Volume
824,075 shs
Average Volume
742,748 shs
Market Capitalization
$2.01 billion
P/E Ratio
57.73
Dividend Yield
5.54%
Price Target
$22.13

CareTrust REIT MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
9.5% Upside
$22.13 Price Target
Short Interest
N/A
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.45mentions of CareTrust REIT in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.39%
From $1.43 to $1.55 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.10 out of 5 stars

Finance Sector

608th out of 870 stocks

Real Estate Investment Trusts Industry

130th out of 180 stocks


CTRE stock logo

About CareTrust REIT (NASDAQ:CTRE) Stock

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 Price History

CTRE Stock News Headlines

66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
CareTrust REIT (CTRE) Receives a New Rating from Jefferies
RBC Capital Upgrades CareTrust REIT (CTRE)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Wells Fargo Sticks to Its Hold Rating for CareTrust REIT (CTRE)
CareTrust REIT (CTRE) Receives a Hold from Barclays
CareTrust REIT (NYSE: CTRE)
2023 NAREIT Investor Conference: CEOs Say Things Are Improving
See More Headlines
Receive CTRE Stock News and Ratings via Email

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CTRE Company Calendar

Last Earnings
2/15/2022
Ex-Dividend for 7/14 Dividend
6/29/2023
Dividend Payable
7/14/2023
Today
9/27/2023
Ex-Dividend for 10/13 Dividend
9/28/2023
Dividend Payable
10/13/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:CTRE
Previous Symbol
NASDAQ:CTREV
Fax
N/A
Employees
15
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$22.13
High Stock Price Forecast
$24.00
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
+9.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$-7,510,000.00
Pretax Margin
16.56%

Debt

Sales & Book Value

Annual Sales
$196.13 million
Cash Flow
$0.51 per share
Book Value
$8.75 per share

Miscellaneous

Free Float
97,735,000
Market Cap
$2.01 billion
Optionable
Optionable
Beta
1.10
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Key Executives

  • Mr. David M. Sedgwick (Age 47)
    CEO, Pres & Director
    Comp: $1.98M
  • Mr. William M. Wagner (Age 57)
    CFO & Treasurer
    Comp: $1.23M
  • Mr. James B. Callister (Age 47)
    Chief Investment Officer & Sec.
    Comp: $822.9k
  • Mr. Eric Gillis
    Director of Asset Management
  • Ms. Lauren Beale
    Sr. VP & Controller













CTRE Stock - Frequently Asked Questions

Should I buy or sell CareTrust REIT stock right now?

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.

What is CareTrust REIT's stock price forecast for 2023?

8 analysts have issued twelve-month target prices for CareTrust REIT's stock. Their CTRE share price forecasts range from $19.00 to $24.00. On average, they expect the company's stock price to reach $22.13 in the next twelve months. This suggests a possible upside of 9.5% from the stock's current price.
View analysts price targets for CTRE
or view top-rated stocks among Wall Street analysts.

How have CTRE shares performed in 2023?

CareTrust REIT's stock was trading at $18.58 at the beginning of the year. Since then, CTRE shares have increased by 8.7% and is now trading at $20.20.
View the best growth stocks for 2023 here
.

When is CareTrust REIT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our CTRE earnings forecast
.

How were CareTrust REIT's earnings last quarter?

CareTrust REIT, Inc. (NASDAQ:CTRE) posted its quarterly earnings data on Tuesday, February, 15th. The real estate investment trust reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.25 by $0.06. CareTrust REIT had a net margin of 16.56% and a trailing twelve-month return on equity of 4.08%. During the same quarter in the previous 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 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 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for CTRE
.

Is CareTrust REIT a good dividend stock?

CareTrust REIT (NASDAQ:CTRE) pays an annual dividend of $1.12 per share and currently has a dividend yield of 5.42%. 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 72.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CTRE.

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).

What is CareTrust REIT's stock symbol?

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

Who are CareTrust REIT's major shareholders?

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%), BROOKFIELD Corp ON (2.25%) and Geode Capital Management LLC (2.21%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is CareTrust REIT's stock price today?

One share of CTRE stock can currently be purchased for approximately $20.20.

How much money does CareTrust REIT make?

CareTrust REIT (NASDAQ:CTRE) has a market capitalization of $2.01 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.

How can I contact CareTrust REIT?

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.

This page (NASDAQ:CTRE) was last updated on 9/27/2023 by MarketBeat.com Staff

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