CareTrust REIT (NYSE:CTRE) Research Coverage Started at Huntington

Huntington initiated coverage on shares of CareTrust REIT (NYSE:CTRE) in a research note released on Thursday morning, Marketbeat.com reports. The firm issued an outperform rating and a $44.00 price objective on the stock.

Several other research analysts have also commented on the company. Citigroup restated a “market outperform” rating on shares of CareTrust REIT in a research report on Wednesday, June 10th. Royal Bank Of Canada lowered CareTrust REIT from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $44.00 to $43.00 in a research note on Friday, August 14th. Zacks Research upgraded CareTrust REIT from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Raymond James Financial started coverage on CareTrust REIT in a research report on Tuesday, June 16th. They issued an “outperform” rating and a $43.00 target price for the company. Finally, Cantor Fitzgerald boosted their price target on shares of CareTrust REIT from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.50.

CareTrust REIT Stock Performance

Shares of CTRE stock opened at $38.64 on Thursday. The firm’s 50 day moving average price is $40.53 and its 200-day moving average price is $39.73. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.57 and a current ratio of 0.57. CareTrust REIT has a one year low of $32.79 and a one year high of $43.62. The firm has a market cap of $9.13 billion, a P/E ratio of 24.30, a P/E/G ratio of 1.53 and a beta of 0.76.

CareTrust REIT (NYSE:CTRE) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $161.35 million during the quarter. CareTrust REIT had a net margin of 62.19% and a return on equity of 8.52%. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. As a group, equities research analysts predict that CareTrust REIT will post 2.04 EPS for the current year.

CareTrust REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 30th. CareTrust REIT’s dividend payout ratio is currently 98.11%.

Institutional Investors Weigh In On CareTrust REIT

Several hedge funds and other institutional investors have recently made changes to their positions in CTRE. Kemnay Advisory Services Inc. acquired a new position in CareTrust REIT in the fourth quarter valued at approximately $27,000. Persistent Asset Partners Ltd acquired a new stake in CareTrust REIT during the second quarter worth approximately $31,000. Transamerica Financial Advisors LLC lifted its position in shares of CareTrust REIT by 520.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock worth $32,000 after buying an additional 728 shares during the last quarter. Compass Financial Management LLC purchased a new stake in shares of CareTrust REIT during the 2nd quarter worth approximately $34,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of CareTrust REIT by 134.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock worth $34,000 after buying an additional 644 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that owns and manages a portfolio of healthcare-related properties across the United States. The company primarily invests in properties that are leased to healthcare operators under long-term, typically triple-net lease agreements.

CareTrust’s portfolio includes skilled nursing facilities, assisted living facilities, independent living communities, memory care properties and other healthcare-related real estate. Its tenants are responsible for operating the facilities and generally cover property-level expenses such as taxes, insurance and maintenance under the terms of the leases.

CareTrust was established in 2014 through a separation from The Ensign Group, a healthcare services company.