CareTrust REIT (NYSE:CTRE) Rating Lowered to Strong Sell at Zacks Research

CareTrust REIT (NYSE:CTRE) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. KeyCorp upped their price objective on shares of CareTrust REIT from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Wells Fargo & Company upped their target price on CareTrust REIT from $41.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday. Cantor Fitzgerald raised their target price on CareTrust REIT from $37.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. The Goldman Sachs Group set a $44.00 price target on shares of CareTrust REIT in a report on Thursday, January 22nd. Finally, UBS Group raised their price objective on shares of CareTrust REIT from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $42.90.

CareTrust REIT Stock Performance

CTRE opened at $37.28 on Wednesday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average price is $38.81 and its two-hundred day moving average price is $36.79. The firm has a market capitalization of $8.32 billion, a P/E ratio of 24.05, a price-to-earnings-growth ratio of 2.53 and a beta of 0.74. CareTrust REIT has a 12-month low of $25.82 and a 12-month high of $41.72.

CareTrust REIT (NYSE:CTRE) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $134.86 million during the quarter. CareTrust REIT had a return on equity of 8.98% and a net margin of 67.28%.CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Aberdeen Group plc grew its holdings in CareTrust REIT by 22.1% during the 3rd quarter. Aberdeen Group plc now owns 84,824 shares of the company’s stock worth $2,911,000 after acquiring an additional 15,374 shares during the period. AGF Management Ltd. bought a new position in shares of CareTrust REIT in the 3rd quarter worth $538,000. Allspring Global Investments Holdings LLC grew its stake in shares of CareTrust REIT by 31.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 358,025 shares of the company’s stock worth $12,617,000 after purchasing an additional 85,022 shares during the period. Copeland Capital Management LLC grew its stake in shares of CareTrust REIT by 350.9% during the third quarter. Copeland Capital Management LLC now owns 1,716,101 shares of the company’s stock worth $59,514,000 after purchasing an additional 1,335,513 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in CareTrust REIT by 30.0% in the third quarter. Principal Financial Group Inc. now owns 1,235,559 shares of the company’s stock valued at $42,849,000 after purchasing an additional 285,209 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a real estate investment trust based in Deerfield Beach, Florida, specializing in the ownership, acquisition and management of net-leased healthcare properties. The company primarily focuses on seniors housing and post-acute care facilities, entering into long-term, triple-net lease agreements with leading operators in the skilled nursing, assisted living, memory care, inpatient rehabilitation and specialty hospital sectors. Through its portfolio, CareTrust REIT aims to provide investors with stable and predictable rental income while supporting the ongoing demand for quality healthcare real estate across the United States.

Since its initial public offering in September 2013, CareTrust REIT has pursued a disciplined acquisition strategy, targeting properties in primary and select secondary markets.