CareTrust REIT (NYSE:CTRE) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of CareTrust REIT (NYSE:CTRE) in a report published on Friday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $41.00 price target on the stock.

Several other research analysts also recently issued reports on the stock. Wedbush set a $44.00 price objective on shares of CareTrust REIT in a report on Tuesday, October 13th. Huntington assumed coverage on shares of CareTrust REIT in a research report on Thursday, September 10th. They set an “outperform” rating and a $44.00 price objective for the company. Raymond James Financial reduced their target price on shares of CareTrust REIT from $45.00 to $42.00 and set an “outperform” rating for the company in a research note on Monday, October 5th. KeyCorp reiterated an “overweight” rating on shares of CareTrust REIT in a research note on Tuesday, October 6th. Finally, Cantor Fitzgerald boosted their price target on shares of CareTrust REIT from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, CareTrust REIT presently has a consensus rating of “Moderate Buy” and an average price target of $43.71.

CareTrust REIT Stock Down 0.1%

CTRE opened at $36.51 on Friday. CareTrust REIT has a 1-year low of $33.72 and a 1-year high of $43.62. 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 capitalization of $8.63 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of 1.30 and a beta of 0.75. The business has a 50 day moving average of $38.14 and a 200-day moving average of $39.32.

CareTrust REIT (NYSE:CTRE) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $161.35 million for 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, sell-side analysts anticipate that CareTrust REIT will post 2.07 earnings per share for the current year.

CareTrust REIT Dividend Announcement

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

Institutional Trading of CareTrust REIT

Large investors have recently bought and sold shares of the stock. Persistent Asset Partners Ltd bought a new position in shares of CareTrust REIT during the second quarter valued at $31,000. Compass Financial Management LLC bought a new stake in shares of CareTrust REIT in the 2nd quarter worth about $34,000. Burnham & Co LLC bought a new stake in shares of CareTrust REIT in the 2nd quarter worth about $61,000. Allworth Financial LP bought a new stake in shares of CareTrust REIT in the 2nd quarter worth about $66,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of CareTrust REIT by 63.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,199 shares of the company’s stock worth $81,000 after purchasing an additional 850 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

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.