Caretrust REIT Stock Forecast, Price & News

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 0.6% and is now trading at $17.10.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Caretrust REIT in the last year. There are currently 3 hold ratings, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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Caretrust REIT is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Caretrust REIT.

Caretrust REIT Inc (NASDAQ:CTRE) posted its earnings results on Thursday, August, 6th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.19 by $0.01. Caretrust REIT had a return on equity of 5.29% and a net margin of 29.43%.
View Caretrust REIT's earnings history.

Caretrust REIT declared a quarterly dividend on Thursday, September 17th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.25 per share on Thursday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 5.85%. The ex-dividend date of this dividend is Tuesday, September 29th.
View Caretrust REIT's dividend history.

Caretrust REIT updated its FY 2020 After-Hours earnings guidance on Thursday, August, 6th. The company provided earnings per share (EPS) guidance of 1.32-1.34 for the period.

6 Wall Street analysts have issued 12 month price targets for Caretrust REIT's shares. Their forecasts range from $19.00 to $24.00. On average, they anticipate Caretrust REIT's share price to reach $21.67 in the next year. This suggests a possible upside of 26.7% from the stock's current price.
View analysts' price targets for Caretrust REIT.

Caretrust REIT saw a decrease in short interest during the month of October. As of October 15th, there was short interest totaling 971,800 shares, a decrease of 21.0% from the September 30th total of 1,230,000 shares. Based on an average trading volume of 621,900 shares, the short-interest ratio is presently 1.6 days. Currently, 1.0% of the shares of the company are short sold.
View Caretrust REIT's Short Interest.

Some companies that are related to Caretrust REIT include Omega Healthcare Investors (OHI), STORE Capital (STOR), Lamar Advertising (LAMR), Regency Centers (REG), Regency Centers (REG), Vornado Realty Trust (VNO), Rexford Industrial Realty (REXR), National Retail Properties (NNN), Kilroy Realty (KRC), Life Storage (LSI), Healthcare Trust Of America (HTA), EastGroup Properties (EGP), Federal Realty Investment Trust (FRT), 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), 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 Foundry Partners LLC (0.49%), Scout Investments Inc. (0.24%), Manning & Napier Group LLC (0.14%), State of New Jersey Common Pension Fund D (0.12%), Valicenti Advisory Services Inc. (0.11%) and Meritage Portfolio Management (0.11%).
View institutional ownership trends for Caretrust REIT.

CTRE stock was sold by a variety of institutional investors in the last quarter, including Foundry Partners LLC, Dupont Capital Management Corp, Comerica Bank, and Aptus Capital Advisors LLC.
View insider buying and selling activity for Caretrust REIT.

CTRE stock was acquired by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, Valicenti Advisory Services Inc., Meritage Portfolio Management, Scout Investments Inc., Louisiana State Employees Retirement System, Nisa Investment Advisors LLC, BNP Paribas Arbitrage SA, and WINTON GROUP Ltd.
View insider buying and selling activity for Caretrust REIT.

Shares of CTRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CTRE stock can currently be purchased for approximately $17.10.

Caretrust REIT has a market capitalization of $1.64 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 57 workers across the globe.

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

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]