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NASDAQ:CTRE

CareTrust REIT - CTRE Stock Forecast, Price & News

$21.75
-0.06 (-0.28%)
(As of 08/16/2022 04:33 PM ET)
Add
Compare
Today's Range
$21.62
$21.83
50-Day Range
$16.69
$22.08
52-Week Range
$15.90
$23.59
Volume
550,970 shs
Average Volume
742,268 shs
Market Capitalization
$2.11 billion
P/E Ratio
310.71
Dividend Yield
5.04%
Price Target
$21.56

CareTrust REIT MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
0.8% Downside
$21.56 Price Target
Short Interest
N/A
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.43mentions of CareTrust REIT in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.73%
From $1.48 to $1.55 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.49 out of 5 stars

Finance Sector

890th out of 924 stocks

Real Estate Investment Trusts Industry

186th out of 197 stocks

CTRE stock logo

About CareTrust REIT (NASDAQ:CTRE) Stock

CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.

CareTrust REIT Stock Performance

CTRE opened at $21.81 on Tuesday. The firm's fifty day simple moving average is $19.39 and its two-hundred day simple moving average is $18.56. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 311.57 and a beta of 1.13. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.95. CareTrust REIT has a 52-week low of $15.90 and a 52-week high of $23.59.

CareTrust REIT Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a $0.275 dividend. This represents a dividend yield of 6.29%. The ex-dividend date was Wednesday, June 29th. CareTrust REIT's dividend payout ratio (DPR) is 1,571.43%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. KeyCorp lowered their price target on shares of CareTrust REIT from $23.00 to $21.00 and set an "overweight" rating on the stock in a report on Thursday, July 7th. Barclays increased their price target on shares of CareTrust REIT from $17.00 to $20.00 in a report on Monday, August 8th. Finally, Capital One Financial assumed coverage on shares of CareTrust REIT in a report on Friday, June 3rd. They set an "equal weight" rating and a $21.50 price target on the stock. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $21.56.

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CTRE Stock News Headlines

CareTrust REIT (NASDAQ:CTRE) PT Raised to $20.00
CareTrust REIT (CTRE) Q2 FFO Beat Estimates
CareTrust REIT declares $0.275 dividend
Why CareTrust REIT Stock Surged 14% in May
CareTrust REIT (CTRE) Meets Q1 FFO Estimates
CareTrust REIT Q1 2022 Earnings Preview
CareTrust REIT: 6.5% Yield With 40% Upside
Expert Ratings for CareTrust REIT
See More Headlines
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CTRE Company Calendar

Last Earnings
2/15/2022
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Today
8/16/2022
Next Earnings (Estimated)
11/14/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:CTRE
Previous Symbol
NASDAQ:CTREV
Fax
N/A
Employees
16
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$21.56
High Stock Price Forecast
$23.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
-0.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

Net Income
$71.98 million
Pretax Margin
3.94%

Debt

Sales & Book Value

Annual Sales
$192.35 million
Cash Flow
$1.42 per share
Book Value
$9.44 per share

Miscellaneous

Free Float
95,331,000
Market Cap
$2.11 billion
Optionable
Optionable
Beta
1.13














CTRE Stock - Frequently Asked Questions

Should I buy or sell CareTrust REIT stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CareTrust REIT in the last year. There are currently 5 hold ratings, 2 buy ratings 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.

What is CareTrust REIT's stock price forecast for 2022?

8 brokers have issued 12-month price objectives for CareTrust REIT's shares. Their CTRE share price forecasts range from $20.00 to $23.00. On average, they expect the company's stock price to reach $21.56 in the next twelve months. This suggests that the stock has a possible downside of 1.1%.
View analysts price targets for CTRE
or view top-rated stocks among Wall Street analysts.

How have CTRE shares performed in 2022?

CareTrust REIT's stock was trading at $22.83 at the beginning of the year. Since then, CTRE stock has decreased by 4.5% and is now trading at $21.81.
View the best growth stocks for 2022 here
.

Are investors shorting CareTrust REIT?

CareTrust REIT saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 3,460,000 shares, a decrease of 22.1% from the June 15th total of 4,440,000 shares. Based on an average daily volume of 700,000 shares, the short-interest ratio is currently 4.9 days. Currently, 3.6% of the company's shares are short sold.
View CareTrust REIT's Short Interest
.

When is CareTrust REIT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our CTRE earnings forecast
.

How were CareTrust REIT's earnings last quarter?

CareTrust REIT, Inc. (NASDAQ:CTRE) issued its quarterly earnings data on Tuesday, February, 15th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by $0.06. CareTrust REIT had a trailing twelve-month return on equity of 0.86% and a net margin of 3.94%. During the same quarter last year, the company posted $0.36 earnings per share.

How often does CareTrust REIT pay dividends? What is the dividend yield for CareTrust REIT?

CareTrust REIT declared a dividend on Wednesday, June 22nd. Shareholders of record on Thursday, June 30th will be given a dividend of $0.275 per share on Friday, July 15th. This represents a dividend yield of 6.29%. The ex-dividend date of this dividend is Wednesday, June 29th.
Read our dividend analysis for CTRE
.

Is CareTrust REIT a good dividend stock?

CareTrust REIT (NASDAQ:CTRE) pays an annual dividend of $1.10 per share and currently has a dividend yield of 4.98%. 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 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 1,571.43%. 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 70.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CTRE.

What other stocks do shareholders of CareTrust REIT own?

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).

What is CareTrust REIT's stock symbol?

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

Who are CareTrust REIT's major shareholders?

CareTrust REIT's stock is owned by many different institutional and retail investors. Top institutional shareholders include State Street Corp (6.19%), FMR LLC (2.62%), JPMorgan Chase & Co. (1.92%), Northern Trust Corp (1.47%), Victory Capital Management Inc. (1.04%) and Millennium Management LLC (0.79%).
View institutional ownership trends
.

How do I buy shares of CareTrust REIT?

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.
Compare Top Brokerages Here.

What is CareTrust REIT's stock price today?

One share of CTRE stock can currently be purchased for approximately $21.81.

How much money does CareTrust REIT make?

CareTrust REIT (NASDAQ:CTRE) has a market capitalization of $2.12 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 $0.07 on an earnings per share basis.

How can I contact CareTrust REIT?

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.

This page (NASDAQ:CTRE) was last updated on 8/16/2022 by MarketBeat.com Staff

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