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 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.

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%.
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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.
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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) 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.

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.

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.

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 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.

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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