CareTrust REIT (NYSE:CTRE) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen cut shares of CareTrust REIT (NYSE:CTRE) from a hold rating to a sell rating in a research report released on Saturday morning,Wall Street Zen reports.

CTRE has been the subject of a number of other reports. Wedbush set a $44.00 price objective on shares of CareTrust REIT in a research report on Tuesday, October 13th. Raymond James Financial dropped their target price on CareTrust REIT from $45.00 to $42.00 and set an “outperform” rating on the stock in a research report on Monday, October 5th. Cantor Fitzgerald boosted their price target on CareTrust REIT from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. UBS Group reduced their price target on CareTrust REIT from $48.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, October 13th. Finally, Wells Fargo & Company reduced their price target on CareTrust REIT from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, CareTrust REIT currently has an average rating of “Moderate Buy” and an average target price of $43.64.

CareTrust REIT Price Performance

Shares of CTRE stock opened at $38.26 on Friday. The company has a market capitalization of $9.04 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 1.36 and a beta of 0.77. The firm has a fifty day simple moving average of $37.28 and a 200-day simple moving average of $38.98. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.27. CareTrust REIT has a twelve month low of $34.74 and a twelve month high of $43.62.

CareTrust REIT (NYSE:CTRE) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. CareTrust REIT had a net margin of 59.18% and a return on equity of 8.62%. The business had revenue of $176.36 million during the quarter. Equities research analysts anticipate that CareTrust REIT will post 2.07 earnings per share for the current fiscal year.

CareTrust REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.56 annualized dividend and a yield of 4.1%. CareTrust REIT’s dividend payout ratio is currently 98.11%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in CareTrust REIT during the second quarter valued at $8,231,000. Greenland Capital Management LP acquired a new stake in shares of CareTrust REIT during the second quarter worth $9,684,000. Corient Private Wealth LP raised its holdings in shares of CareTrust REIT by 76.2% during the second quarter. Corient Private Wealth LP now owns 166,828 shares of the company’s stock worth $6,732,000 after purchasing an additional 72,137 shares during the period. Hsbc Holdings PLC raised its holdings in shares of CareTrust REIT by 17.2% during the second quarter. Hsbc Holdings PLC now owns 478,410 shares of the company’s stock worth $19,334,000 after purchasing an additional 70,243 shares during the period. Finally, William Blair Investment Management LLC acquired a new position in shares of CareTrust REIT in the 2nd quarter valued at about $23,025,000. 87.77% of the stock is currently owned by institutional investors.

Key Headlines Impacting CareTrust REIT

Here are the key news stories impacting CareTrust REIT this week:

• Positive Sentiment: Third-quarter FFO was $0.54 per share, above the $0.52 consensus and up from $0.45 a year earlier. Revenue reached $176.4 million, also topping estimates cited in the reports. The earnings and revenue beats support the case for improving performance. CareTrust REIT Q3 FFO and Revenues Beat Estimates
• Positive Sentiment: CareTrust projected 2026 normalized FFO of $2.08–$2.09 per share. The outlook offers investors a forward earnings benchmark; the company also expects LNT conversions to RIDEA to begin in 2027. CareTrust projects 2026 normalized FFO per share
• Neutral Sentiment: CareTrust was included among five REITs highlighted for generous dividends after favorable third-quarter results. This may reinforce its appeal to income-focused investors, though the article does not report a dividend increase. 5 REIT Stocks With Generous Dividends to Consider After Q3 Earnings

About CareTrust REIT

CareTrust REIT, Inc is a real estate investment trust that owns and invests in healthcare-related properties, with a focus on skilled nursing facilities and senior housing. Its portfolio also includes assisted living and other properties that serve older adults and people requiring healthcare services.

The company primarily works with healthcare operators through long-term property leases and other real estate investments. CareTrust’s properties are located across the United States, and the company has expanded its investments into the United Kingdom.

CareTrust became an independent publicly traded company in 2014 after separating from The Ensign Group, a healthcare services provider.