Brokerages Set CareTrust REIT, Inc. (NYSE:CTRE) Price Target at $44.82

Shares of CareTrust REIT, Inc. (NYSE:CTRE) have received a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $44.8182.

Several brokerages have issued reports on CTRE. KeyCorp reaffirmed an “overweight” rating and set a $46.00 price target on shares of CareTrust REIT in a report on Friday, May 29th. Wells Fargo & Company upped their price objective on shares of CareTrust REIT from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Cantor Fitzgerald increased their price objective on shares of CareTrust REIT from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. BMO Capital Markets increased their price objective on shares of CareTrust REIT from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. Finally, Zacks Research upgraded shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th.

Institutional Investors Weigh In On CareTrust REIT

Hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its position in CareTrust REIT by 7.5% during the fourth quarter. Principal Financial Group Inc. now owns 1,328,660 shares of the company’s stock worth $48,044,000 after acquiring an additional 93,101 shares during the period. Greenland Capital Management LP bought a new stake in CareTrust REIT in the 2nd quarter valued at about $9,684,000. Jennison Associates LLC bought a new stake in CareTrust REIT in the 4th quarter valued at about $1,156,000. M&T Bank Corp acquired a new position in shares of CareTrust REIT during the 4th quarter worth approximately $894,000. Finally, Vanguard Group Inc. grew its position in shares of CareTrust REIT by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 33,184,181 shares of the company’s stock worth $1,199,940,000 after purchasing an additional 210,965 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

CareTrust REIT Trading Down 0.9%

Shares of NYSE:CTRE opened at $39.02 on Wednesday. CareTrust REIT has a 52-week low of $32.79 and a 52-week high of $43.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market capitalization of $9.22 billion, a P/E ratio of 24.54, a price-to-earnings-growth ratio of 1.55 and a beta of 0.75. The company has a 50-day simple moving average of $40.71 and a 200 day simple moving average of $39.77.

CareTrust REIT (NYSE:CTRE) last announced its quarterly earnings results 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 for the quarter. CareTrust REIT had a return on equity of 8.52% and a net margin of 62.19%.CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. Sell-side analysts forecast that CareTrust REIT will post 2.05 earnings per share for the current year.

CareTrust REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a 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%.

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.