CareTrust REIT - CTRE Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CareTrust REIT in the last twelve months. There are currently 2 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CTRE shares.
View CTRE analyst ratings or view top-rated stocks.

4 brokers have issued 1 year price targets for CareTrust REIT's shares. Their CTRE share price forecasts range from $19.00 to $22.00. On average, they expect the company's share price to reach $21.13 in the next twelve months. This suggests a possible upside of 13.8% 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 beginning of 2023. Since then, CTRE shares have decreased by 0.1% and is now trading at $18.57.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our CTRE earnings forecast.

CareTrust REIT, Inc. (NASDAQ:CTRE) released 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 trailing twelve-month return on equity of 0.90% and a negative net margin of 3.83%. During the same quarter in the prior year, the company posted $0.36 EPS.

CareTrust REIT declared a quarterly dividend on Wednesday, March 22nd. Investors of record on Friday, March 31st will be paid a dividend of $0.28 per share on Friday, April 14th. This represents a $1.12 annualized dividend and a dividend yield of 6.03%. The ex-dividend date of this dividend is Thursday, March 30th. This is a boost from the stock's previous quarterly dividend of $0.28.
Read our dividend analysis for CTRE.

ETFs with the largest weight of CareTrust REIT (NASDAQ:CTRE) stock in their portfolio include Global X SuperDividend REIT ETF (SRET), Residential REIT Income ETF (HAUS), Hoya Capital High Dividend Yield ETF (RIET), Cambria Global Real Estate ETF (BLDG), Invesco Active U.S. Real Estate ETF (PSR), Virtus Real Asset Income ETF (VRAI), Invesco S&P SmallCap Financials ETF (PSCF) and Invesco S&P SmallCap Low Volatility ETF (XSLV).

CareTrust REIT (NASDAQ:CTRE) pays an annual dividend of $1.10 per share and currently has a dividend yield of 5.85%. 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 many different retail and institutional investors. Top institutional investors include Geode Capital Management LLC (2.05%), American Century Companies Inc. (1.93%), Charles Schwab Investment Management Inc. (1.69%), William Blair Investment Management LLC (1.42%), Dimensional Fund Advisors LP (1.38%) and Norges Bank (1.34%).
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 $18.57.

CareTrust REIT (NASDAQ:CTRE) has a market capitalization of $1.85 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 ($0.08) 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.