CareTrust REIT (NYSE:CTRE) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

CareTrust REIT (NYSE:CTRE) had its price objective lifted by equities researchers at Wells Fargo & Company from $41.00 to $42.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 13.07% from the company’s previous close.

A number of other analysts have also recently commented on the stock. Jefferies Financial Group lifted their target price on shares of CareTrust REIT from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Citizens Jmp began coverage on shares of CareTrust REIT in a research note on Thursday, January 22nd. They set a “market outperform” rating and a $44.00 price objective for the company. Weiss Ratings raised shares of CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, January 26th. UBS Group lifted their price target on CareTrust REIT from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Finally, BMO Capital Markets upgraded CareTrust REIT from a “hold” rating to an “outperform” rating and set a $43.00 price target on the stock in a research note on Friday, January 9th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $42.90.

CareTrust REIT Trading Down 0.3%

CTRE stock opened at $37.15 on Thursday. The firm has a market cap of $8.29 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 2.51 and a beta of 0.74. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a fifty day moving average price of $38.80 and a 200 day moving average price of $36.81. CareTrust REIT has a fifty-two week low of $25.82 and a fifty-two week high of $41.72.

CareTrust REIT (NYSE:CTRE) last released its earnings results on Thursday, February 12th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. CareTrust REIT had a return on equity of 8.98% and a net margin of 67.28%.The business had revenue of $134.86 million during the quarter. CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS.

Institutional Trading of CareTrust REIT

Several hedge funds and other institutional investors have recently bought and sold shares of CTRE. Vanguard Group Inc. boosted its position in CareTrust REIT by 14.1% in the 3rd quarter. Vanguard Group Inc. now owns 32,973,216 shares of the company’s stock worth $1,143,511,000 after purchasing an additional 4,067,975 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of CareTrust REIT by 108.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,493,898 shares of the company’s stock valued at $234,820,000 after purchasing an additional 3,379,732 shares during the period. Norges Bank purchased a new stake in CareTrust REIT during the fourth quarter worth $114,810,000. Invesco Ltd. boosted its holdings in CareTrust REIT by 201.8% during the second quarter. Invesco Ltd. now owns 3,772,350 shares of the company’s stock worth $115,434,000 after buying an additional 2,522,260 shares in the last quarter. Finally, Hudson Bay Capital Management LP grew its position in CareTrust REIT by 713.4% during the third quarter. Hudson Bay Capital Management LP now owns 1,710,528 shares of the company’s stock valued at $59,321,000 after buying an additional 1,989,394 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

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.