CareTrust REIT Stock Price, News & Analysis (NASDAQ:CTRE)

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CareTrust REIT in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CTRE shares.
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6 brokers have issued 1-year target prices for CareTrust REIT's shares. Their CTRE share price targets range from $22.00 to $24.00. On average, they predict the company's stock price to reach $23.00 in the next year. This suggests a possible upside of 0.5% from the stock's current price.
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CareTrust REIT's stock was trading at $18.58 on January 1st, 2023. Since then, CTRE shares have increased by 23.1% and is now trading at $22.88.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our CTRE earnings forecast.

CareTrust REIT, Inc. (NASDAQ:CTRE) issued 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 trailing twelve-month return on equity of 4.63% and a net margin of 19.93%. During the same period in the prior year, the company posted $0.36 earnings per share.

CareTrust REIT announced a quarterly dividend on Tuesday, September 19th. Investors 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 yield of 4.90%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for CTRE.

CareTrust REIT (NASDAQ:CTRE) pays an annual dividend of $1.12 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 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 266.67%. 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 73.20% next year. This indicates that the company will be able to sustain or increase its dividend.
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).

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's stock is owned by many different retail and institutional investors. Top institutional investors include Wellington Management Group LLP (6.05%), Bank of New York Mellon Corp (2.22%), Morgan Stanley (1.85%), JPMorgan Chase & Co. (1.46%), William Blair Investment Management LLC (1.61%) and American Century Companies Inc. (1.30%).
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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