CareTrust REIT - CTRE Stock Forecast, Price & News

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.

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.

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.
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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.

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

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.

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.

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.

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 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.

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 $21.81.

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.

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.