NASDAQ:CTRE

CareTrust REIT - CTRE Stock Forecast, Price & News

$18.57

+0.63 (+3.51%)

(As of 03/24/2023 05:19 PM ET)

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Today's Range: $17.86
▼
$18.59
50-Day Range: $17.94
▼
$20.98
52-Week Range: $15.90
▼
$22.46

Volume: 612,758 shs
Average Volume: 618,715 shs
Market Capitalization: $1.85 billion

P/E Ratio: N/A
Dividend Yield: 5.92%
Price Target: $21.13

Institutional Ownership

CareTrust REIT MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 13.8% Upside
$21.13 Price Target
Short Interest: N/A
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.08
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 7.24%
From $1.52 to $1.63 Per Share

Overall MarketRank^™

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

2.25 out of 5 stars

Finance Sector

566th out of 868 stocks

Real Estate Investment Trusts Industry

137th out of 190 stocks

2.4

Analyst's Opinion

Consensus Rating
CareTrust REIT has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.13, CareTrust REIT has a forecasted upside of 13.8% from its current price of $18.57.
Amount of Analyst Coverage
CareTrust REIT has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for CTRE.

3.3

Dividend Strength

Dividend Leadership
CareTrust REIT is a leading dividend payer. It pays a dividend yield of 5.85%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
CareTrust REIT has been increasing its dividend for 8 years.
Dividend Sustainability
Based on earnings estimates, CareTrust REIT will have a dividend payout ratio of 67.48% next year. This indicates that CareTrust REIT will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CTRE.

3.4

News and Social Media Coverage

News Sentiment
CareTrust REIT has a news sentiment score of 1.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.44 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for CareTrust REIT this week, compared to 1 article on an average week.
Social Mentions This Week
MarketBeat has tracked 1 reddit mention for CareTrust REIT this week, compared to 0 mentions on an average week.
Search Interest
20 people have searched for CTRE on MarketBeat in the last 30 days. This is an increase of 5% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added CareTrust REIT to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CareTrust REIT insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.75% of the stock of CareTrust REIT is held by insiders.
Percentage Held by Institutions
85.01% of the stock of CareTrust REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for CareTrust REIT are expected to grow by 7.24% in the coming year, from $1.52 to $1.63 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CareTrust REIT is -232.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of CareTrust REIT is -232.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
CareTrust REIT has a P/B Ratio of 2.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About CareTrust REIT (NASDAQ:CTRE) Stock

CareTrust REIT, Inc. operates as real estate investment company, which engages in the ownership, acquisition, and leasing of healthcare-related properties. It offers independent living, memory care, and assisted, and skilled nursing facilities. The company was founded on October 29, 2013 and is headquartered in San Clemente, CA.

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CTRE Stock News Headlines

March 24, 2023 | americanbankingnews.com

CareTrust REIT, Inc. (CTRE) To Go Ex-Dividend on March 30th

March 20, 2023 | finance.yahoo.com

CareTrust REIT Raises Quarterly Dividend to $0.28 per Share

March 24, 2023 | Stansberry Research (Ad)

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March 16, 2023 | msn.com

2 Healthcare Dividend Stocks That Hit the Sweet Spot

February 12, 2023 | finance.yahoo.com

CareTrust REIT, Inc. (NASDAQ:CTRE) Q4 2022 Earnings Call Transcript

February 9, 2023 | msn.com

CareTrust REIT Q4 FFO of $0.38, Revenue of $51.81M

February 9, 2023 | msn.com

CareTrust REIT (CTRE) Matches Q4 FFO Estimates

February 9, 2023 | finance.yahoo.com

CareTrust REIT Announces Fourth Quarter & Full Year 2022 Operating Results

March 24, 2023 | Legacy Research (Affiliate) (Ad)

"Prepare for Five Years of Famine"

Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast

February 3, 2023 | finance.yahoo.com

CareTrust REIT Sets Fourth Quarter Earnings Call for Friday, February 10, 2023

January 25, 2023 | finance.yahoo.com

CareTrust REIT, Inc. Announces Tax Treatment of 2022 Dividends

January 18, 2023 | seekingalpha.com

CTRE CareTrust REIT, Inc.

January 16, 2023 | markets.businessinsider.com

Barclays Reaffirms Their Hold Rating on CareTrust REIT (CTRE)

January 12, 2023 | markets.businessinsider.com

If You Invested $10K in CareTrust REIT 5 Years Ago, Here's How Much You Would Be Making In Dividends Today

December 19, 2022 | msn.com

CareTrust REIT renews revolving credit facility

December 19, 2022 | finance.yahoo.com

CareTrust REIT, Inc. Announces Renewal and Extension of Unsecured Revolver

November 28, 2022 | finance.yahoo.com

CareTrust REIT Announces James Callister to Succeed Mark Lamb as Chief Investment Officer

November 17, 2022 | seekingalpha.com

5 REITs On Santa's Good List

November 9, 2022 | seekingalpha.com

CareTrust REIT, Inc. (CTRE) Q3 2022 Earnings Call Transcript

November 8, 2022 | msn.com

CareTrust REIT (CTRE) Misses Q3 FFO Estimates

November 8, 2022 | finance.yahoo.com

CareTrust REIT Announces Third Quarter 2022 Operating Results

November 1, 2022 | finance.yahoo.com

CareTrust REIT Sets Third Quarter Earnings Call for Wednesday, November 9, 2022

October 27, 2022 | uk.finance.yahoo.com

CubeSmart (CUBE) Surpasses Q3 FFO and Revenue Estimates

October 18, 2022 | finance.yahoo.com

CareTrust Announces Environmental Benchmarking Progress and Operational Improvements with Annual Sustainability Report

October 14, 2022 | nasdaq.com

CareTrust REIT's (NYSE:CTRE three-year decrease in earnings delivers investors with a 17% loss

October 10, 2022 | seekingalpha.com

3 SWAN-A-Bees We're Buying Hand Over First

September 30, 2022 | finance.yahoo.com

Implied Volatility Surging for CareTrust REIT (CTRE) Stock Options

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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CTRE Company Calendar

Last Earnings: 2/15/2022
Ex-Dividend for 1/13 Dividend: 12/29/2022
Dividend Payable: 1/13/2023
Today: 3/24/2023
Ex-Dividend for 4/14 Dividend: 3/30/2023
Dividend Payable: 4/14/2023
Next Earnings (Estimated): 5/04/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Real estate investment trusts
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:CTRE
Previous Symbol: NASDAQ:CTREV
CUSIP: N/A
CIK: 1590717
Web: www.caretrustreit.com
Phone: (949) 542-3130
Fax: N/A
Employees: 16
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $21.13
High Stock Price Forecast: $22.00
Low Stock Price Forecast: $19.00
Forecasted Upside/Downside: +15.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.08)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 12.00
P/E Growth: N/A
Net Income: $-7,510,000.00
Net Margins: -3.83%
Pretax Margin: -3.83%
Return on Equity: -0.90%
Return on Assets: -0.46%

Debt

Debt-to-Equity Ratio: 0.85
Current Ratio: 0.56
Quick Ratio: 0.56

Sales & Book Value

Annual Sales: $196.13 million
Price / Sales: 9.25
Cash Flow: $0.51 per share
Price / Cash Flow: 35.96
Book Value: $8.75 per share
Price / Book: 2.08

Miscellaneous

Outstanding Shares: 99,510,000
Free Float: 97,771,000
Market Cap: $1.82 billion
Optionable: Optionable
Beta: 1.13

Key Executives

David M. Sedgwick
President, Chief Executive Officer & Director

William M. Wagner
Chief Financial Officer & Treasurer

James Callister
Secretary & Chief Investment Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

CTRE Stock - Frequently Asked Questions

Should I buy or sell CareTrust REIT stock right now?: 4 Wall Street 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 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 2023?: 4 brokerages have issued twelve-month price objectives for CareTrust REIT's shares. Their CTRE share price forecasts range from $19.00 to $22.00. On average, they predict the company's share price to reach $21.13 in the next twelve months. This suggests a possible upside of 15.8% from the stock's current price.
View analysts price targets for CTRE or view top-rated stocks among Wall Street analysts.
How have CTRE shares performed in 2023?: CareTrust REIT's stock was trading at $18.58 at the start of the year. Since then, CTRE stock has decreased by 1.8% and is now trading at $18.24.
View the best growth stocks for 2023 here.
When is CareTrust REIT's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our CTRE earnings forecast.
How were CareTrust REIT's earnings last quarter?: CareTrust REIT, Inc. (NASDAQ:CTRE) posted its quarterly earnings results 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 negative trailing twelve-month return on equity of 0.90% and a negative net margin of 3.83%. During the same period in the previous 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 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 dividend on an annualized basis and a dividend yield of 6.14%. 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.
What ETFs hold CareTrust REIT's stock?: 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).

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 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.
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 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.
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 $18.24.
How much money does CareTrust REIT make?: CareTrust REIT (NASDAQ:CTRE) has a market capitalization of $1.82 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.
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 3/24/2023 by MarketBeat.com Staff

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CareTrust REIT - CTRE Stock Forecast, Price & News

CareTrust REIT MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Social Mentions This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About CareTrust REIT (NASDAQ:CTRE) Stock

CTRE Stock News Headlines

CTRE Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

CTRE Stock - Frequently Asked Questions

Overall MarketRank^™