CareTrust REIT Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CareTrust REIT in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CareTrust REIT stock.
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CareTrust REIT is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for CareTrust REIT.

CareTrust REIT, Inc. (NASDAQ:CTRE) released its quarterly earnings data on Thursday, May, 6th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by $0.01. CareTrust REIT had a trailing twelve-month return on equity of 8.74% and a net margin of 45.10%.
View CareTrust REIT's earnings history.

CareTrust REIT's stock was trading at $16.99 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CTRE shares have increased by 33.1% and is now trading at $22.62.
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CareTrust REIT announced a quarterly dividend on Wednesday, March 17th. Shareholders of record on Wednesday, March 31st will be paid a dividend of $0.265 per share on Thursday, April 15th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend is Tuesday, March 30th. This is an increase from CareTrust REIT's previous quarterly dividend of $0.25.
View CareTrust REIT's dividend history.

CareTrust REIT pays an annual dividend of $1.06 per share and currently has a dividend yield of 4.76%. CTRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. CareTrust REIT has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of CareTrust REIT is 77.94%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CareTrust REIT will have a dividend payout ratio of 73.10% next year. This indicates that CareTrust REIT will be able to sustain or increase its dividend.
View CareTrust REIT's dividend history.

CareTrust REIT updated its FY 2021 earnings guidance on Thursday, May, 13th. The company provided earnings per share (EPS) guidance of 1.460-1.480 for the period. The company issued revenue guidance of -.

9 brokers have issued 1 year price objectives for CareTrust REIT's stock. Their forecasts range from $21.00 to $26.00. On average, they anticipate CareTrust REIT's stock price to reach $23.38 in the next year. This suggests a possible upside of 3.3% from the stock's current price.
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Some companies that are related to CareTrust REIT include Klépierre (KLPEF), Federal Realty Investment Trust (FRT), Vornado Realty Trust (VNO), CubeSmart (CUBE), CyrusOne (CONE), Omega Healthcare Investors (OHI), National Retail Properties (NNN), Kilroy Realty (KRC), Life Storage (LSI), Rexford Industrial Realty (REXR), Starwood Property Trust (STWD), Apartment Income REIT (AIRC), Brixmor Property Group (BRX), American Campus Communities (ACC) and First Industrial Realty Trust (FR).
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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), The 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 investors include BlackRock Inc. (19.68%), Bank of New York Mellon Corp (3.70%), Geode Capital Management LLC (2.03%), Northern Trust Corp (1.84%), Prudential Financial Inc. (1.15%) and JPMorgan Chase & Co. (0.94%).
View institutional ownership trends for CareTrust REIT.

CTRE stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Northern Trust Corp, Prudential Financial Inc., BlackRock Inc., Panagora Asset Management Inc., Victory Capital Management Inc., Citigroup Inc., and JLP Asset Management LLC.
View insider buying and selling activity for CareTrust REIT or view top insider-selling stocks.

CTRE stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Guggenheim Capital LLC, BNP Paribas Arbitrage SA, Geode Capital Management LLC, Peregrine Capital Management LLC, Barclays PLC, Renaissance Technologies LLC, and Virginia Retirement Systems ET AL.
View insider buying and selling activity for CareTrust REIT or or view top insider-buying stocks.

Shares of CTRE 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 $22.62.

CareTrust REIT has a market capitalization of $2.19 billion and generates $163.40 million in revenue each year. The real estate investment trust earns $46.36 million in net income (profit) each year or $1.36 on an earnings per share basis.

CareTrust REIT employs 15 workers across the globe.

The official website for CareTrust REIT is www.caretrustreit.com.

CareTrust REIT is headquartered at 905 CALLE AMANECER SUITE 300, SAN CLEMENTE CA, 92673.

CareTrust REIT's mailing address is 905 CALLE AMANECER SUITE 300, SAN CLEMENTE CA, 92673. The real estate investment trust can be reached via phone at 949-542-3130 or via email at [email protected]