CareTrust REIT Stock Forecast, Price & News

9 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, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research 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, May 6th 2021.
View our earnings forecast for CareTrust REIT.

CareTrust REIT, Inc. (NASDAQ:CTRE) issued its earnings results on Tuesday, February, 9th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by $0.14. CareTrust REIT had a net margin of 45.10% and a trailing twelve-month return on equity of 8.74%.
View CareTrust REIT's earnings history.

CareTrust REIT's stock was trading at $16.99 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CTRE stock has increased by 34.3% and is now trading at $22.82.
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CareTrust REIT announced a quarterly dividend on Monday, December 21st. Shareholders of record on Thursday, December 31st will be given a dividend of $0.25 per share on Friday, January 15th. This represents a $1.00 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend is Wednesday, December 30th.
View CareTrust REIT's dividend history.

CareTrust REIT pays an annual dividend of $1.00 per share and currently has a dividend yield of 4.51%. 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 73.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CareTrust REIT will have a dividend payout ratio of 68.97% 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 After-Hours earnings guidance on Wednesday, February, 10th. The company provided earnings per share (EPS) guidance of 1.40-1.42 for the period.

9 equities research analysts have issued twelve-month price targets for CareTrust REIT's shares. Their forecasts range from $21.00 to $26.00. On average, they anticipate CareTrust REIT's stock price to reach $23.00 in the next twelve months. This suggests a possible upside of 0.8% from the stock's current price.
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Some companies that are related to CareTrust REIT include Lamar Advertising (LAMR), AGNC Investment (AGNC), Vornado Realty Trust (VNO), Kimco Realty (KIM), Federal Realty Investment Trust (FRT), CyrusOne (CONE), Klépierre (KLPEF), National Retail Properties (NNN), Kilroy Realty (KRC), Americold Realty Trust (COLD), CubeSmart (CUBE), Starwood Property Trust (STWD), Rexford Industrial Realty (REXR), Life Storage (LSI) and Healthcare Trust of America (HTA).
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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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (19.81%), Bank of New York Mellon Corp (4.19%), Northern Trust Corp (2.18%), Dimensional Fund Advisors LP (1.49%), Nuveen Asset Management LLC (1.28%) and Charles Schwab Investment Management Inc. (1.22%).
View institutional ownership trends for CareTrust REIT.

CTRE stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Renaissance Technologies LLC, Morgan Stanley, Victory Capital Management Inc., Canada Pension Plan Investment Board, Public Sector Pension Investment Board, Principal Financial Group Inc., and Principal Financial Group Inc..
View insider buying and selling activity for CareTrust REIT or view top insider-selling stocks.

CTRE stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Peregrine Capital Management LLC, Raymond James Financial Services Advisors Inc., Bank of New York Mellon Corp, Healthcare of Ontario Pension Plan Trust Fund, Healthcare of Ontario Pension Plan Trust Fund, UBS Oconnor LLC, and UBS Oconnor LLC.
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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 $22.82.

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 52 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]