CareTrust REIT - CTRE Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CareTrust REIT in the last twelve months. There are currently 3 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CTRE shares.
View CTRE analyst ratings or view top-rated stocks.

5 Wall Street research analysts have issued twelve-month price objectives for CareTrust REIT's shares. Their CTRE share price forecasts range from $19.00 to $22.00. On average, they predict the company's share price to reach $20.70 in the next year. This suggests a possible upside of 0.9% from the stock's current price.
View analysts price targets for CTRE or view top-rated stocks among Wall Street analysts.

CareTrust REIT's stock was trading at $18.58 at the start of the year. Since then, CTRE shares have increased by 10.4% and is now trading at $20.51.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our CTRE earnings forecast.

CareTrust REIT, Inc. (NASDAQ:CTRE) issued its earnings results on Tuesday, February, 15th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.06. CareTrust REIT had a negative net margin of 1.87% and a negative trailing twelve-month return on equity of 0.42%. During the same period in the previous year, the firm posted $0.36 EPS.

CareTrust REIT declared a quarterly dividend on Monday, December 19th. Investors of record on Friday, December 30th will be given a dividend of $0.275 per share on Friday, January 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date is Thursday, December 29th.
Read our dividend analysis for CTRE.

CareTrust REIT (NASDAQ:CTRE) pays an annual dividend of $1.10 per share and currently has a dividend yield of 5.36%. CTRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for CTRE.

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

CareTrust REIT's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Scout Investments Inc. (0.42%), Monarch Partners Asset Management LLC (0.27%), Manning & Napier Group LLC (0.25%), Foundry Partners LLC (0.24%), Strs Ohio (0.19%) and Meritage Portfolio Management (0.16%).
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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One share of CTRE stock can currently be purchased for approximately $20.51.

CareTrust REIT (NASDAQ:CTRE) has a market capitalization of $1.99 billion and generates $192.35 million in revenue each year. The real estate investment trust earns $71.98 million in net income (profit) each year or ($0.04) on an earnings per share basis.

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.