CareTrust REIT, Inc. (NYSE:CTRE) Stock Has Average Price Target of $43.92 According to Brokerages

Shares of CareTrust REIT, Inc. (NYSE:CTRE) have been assigned an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $43.71.

CTRE has been the subject of a number of recent analyst reports. Raymond James Financial reduced their price objective on shares of CareTrust REIT from $45.00 to $42.00 and set an “outperform” rating for the company in a research report on Monday, October 5th. BMO Capital Markets dropped their target price on shares of CareTrust REIT from $47.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, October 5th. Weiss Ratings downgraded CareTrust REIT from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, October 12th. UBS Group cut their target price on CareTrust REIT from $48.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, October 13th. Finally, Cantor Fitzgerald upped their target price on CareTrust REIT from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, August 10th.

Institutional Investors Weigh In On CareTrust REIT

Large investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of CareTrust REIT in the 2nd quarter worth about $1,643,290,000. Deutsche Bank AG bought a new stake in CareTrust REIT in the second quarter worth about $143,963,000. Dimensional Fund Advisors LP raised its position in CareTrust REIT by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,333,252 shares of the company’s stock worth $122,164,000 after acquiring an additional 61,417 shares during the period. Bank of New York Mellon Corp bought a new stake in CareTrust REIT in the second quarter worth about $102,162,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in CareTrust REIT by 35,170.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,411,896 shares of the company’s stock valued at $56,970,000 after acquiring an additional 1,407,893 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

CareTrust REIT Price Performance

Shares of NYSE:CTRE opened at $36.51 on Thursday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.27. The stock has a market cap of $8.63 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 1.43 and a beta of 0.75. The stock’s fifty day simple moving average is $38.14 and its two-hundred day simple moving average is $39.30. CareTrust REIT has a 1-year low of $33.72 and a 1-year high of $43.62.

CareTrust REIT (NYSE:CTRE) last posted its earnings results on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate 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, analysts forecast that CareTrust REIT will post 2.07 EPS for the current fiscal year.

CareTrust REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Wednesday, September 30th. CareTrust REIT’s dividend payout ratio (DPR) is 98.11%.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a real estate investment trust that owns, acquires, develops, and leases healthcare-related properties. Its portfolio is primarily focused on skilled nursing facilities, assisted living communities, and other post-acute care properties operated by third-party healthcare providers.

The company generally leases its properties under long-term agreements, including triple-net leases, under which tenants are typically responsible for property-level expenses such as taxes, insurance, and maintenance.