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S&P 500   4,567.80
DOW   35,950.89
QQQ   388.83
The top-rated strong-buy stocks on Marketbeat’s radar
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
Marketbeat’s AI-powered tools for investors
Are blue chip stocks a good investment?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
As Dollar Tree Goes, So Goes the Consumer?
Power Play: GE's game-changing technology for EVs and grids
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Is Beyond an overlooked e-commerce winner?
Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled
S&P 500   4,567.80
DOW   35,950.89
QQQ   388.83
The top-rated strong-buy stocks on Marketbeat’s radar
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
Marketbeat’s AI-powered tools for investors
Are blue chip stocks a good investment?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
As Dollar Tree Goes, So Goes the Consumer?
Power Play: GE's game-changing technology for EVs and grids
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Is Beyond an overlooked e-commerce winner?
Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled
S&P 500   4,567.80
DOW   35,950.89
QQQ   388.83
The top-rated strong-buy stocks on Marketbeat’s radar
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
Marketbeat’s AI-powered tools for investors
Are blue chip stocks a good investment?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
As Dollar Tree Goes, So Goes the Consumer?
Power Play: GE's game-changing technology for EVs and grids
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Is Beyond an overlooked e-commerce winner?
Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled

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

$23.08
+0.20 (+0.87%)
(As of 11/30/2023 ET)
Compare
Today's Range
$22.79
$23.14
50-Day Range
$20.00
$23.09
52-Week Range
$17.86
$23.19
Volume
1.40 million shs
Average Volume
846,883 shs
Market Capitalization
$2.75 billion
P/E Ratio
54.95
Dividend Yield
4.85%
Price Target
$23.00

CareTrust REIT MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
0.3% Downside
$23.00 Price Target
Short Interest
N/A
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.57mentions of CareTrust REIT in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.51%
From $1.41 to $1.53 Per Share

Overall MarketRank

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

1.87 out of 5 stars

Finance Sector

671st out of 856 stocks

Real Estate Investment Trusts Industry

132nd out of 175 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

CareTrust REIT: Still Hold Despite Solid Performance
The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
CareTrust: High-Quality Business Attractively Valued
CareTrust REIT Inc CTRE
Why Microsoft Just Placed A Huge Bet On Nuclear
Even with aggressive expansion and acquisition of solar and wind farms, renewable energy isn’t anywhere close to providing the energy that Microsoft demands.
Here's what Wall Street expects from CareTrust REIT's earnings report
CareTrust REIT (CTRE) Receives a New Rating from Jefferies
RBC Capital Upgrades CareTrust REIT (CTRE)
Wells Fargo Sticks to Its Hold Rating for CareTrust REIT (CTRE)
CareTrust REIT (CTRE) Receives a Hold from Barclays
See More Headlines
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Company Calendar

Last Earnings
2/15/2022
Ex-Dividend for 10/13 Dividend
9/28/2023
Dividend Payable
10/13/2023
Today
11/30/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/08/2024

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 Target
$23.00
High Stock Price Target
$24.00
Low Stock Price Target
$22.00
Potential Upside/Downside
-0.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$-7,510,000.00
Pretax Margin
19.92%

Debt

Sales & Book Value

Annual Sales
$196.13 million
Cash Flow
$0.53 per share
Book Value
$9.33 per share

Miscellaneous

Free Float
117,028,000
Market Cap
$2.75 billion
Optionable
Optionable
Beta
1.09
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CTRE Stock Analysis - Frequently Asked Questions

Should I buy or sell CareTrust REIT stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CareTrust REIT in the last year. 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.
View CTRE analyst ratings
or view top-rated stocks.

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

6 Wall Street research analysts have issued 12-month price targets for CareTrust REIT's shares. Their CTRE share price targets range from $22.00 to $24.00. On average, they predict the company's share price to reach $23.00 in the next year. This suggests that the stock has a possible downside of 0.3%.
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 start of the year. Since then, CTRE shares have increased by 24.2% and is now trading at $23.08.
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 Thursday, February 8th 2024.
View our CTRE earnings forecast
.

How were CareTrust REIT's earnings last quarter?

CareTrust REIT, Inc. (NASDAQ:CTRE) announced its earnings results on Tuesday, February, 15th. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate 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 firm earned $0.36 EPS.

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

CareTrust REIT declared 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 4.85%. 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 4.89%. 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.

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 a variety of institutional and retail investors. Top institutional shareholders include Bank of New York Mellon Corp (2.22%), Morgan Stanley (1.85%), JPMorgan Chase & Co. (1.46%), William Blair Investment Management LLC (1.61%), American Century Companies Inc. (1.30%) and Charles Schwab Investment Management Inc. (1.51%).
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.

This page (NASDAQ:CTRE) was last updated on 12/1/2023 by MarketBeat.com Staff

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