CareTrust REIT, Inc. (NYSE:CTRE) Given Consensus Recommendation of “Buy” by Brokerages

Shares of CareTrust REIT, Inc. (NYSE:CTRE) have received a consensus recommendation of “Buy” from the twelve research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, seven have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $42.90.

CTRE has been the subject of a number of research reports. UBS Group upped their target price on shares of CareTrust REIT from $44.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Weiss Ratings upgraded CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, January 26th. Zacks Research downgraded CareTrust REIT from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Royal Bank Of Canada raised their price objective on CareTrust REIT from $41.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Finally, Citizens Jmp started coverage on 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.

Institutional Investors Weigh In On CareTrust REIT

Institutional investors have recently bought and sold shares of the business. D.A. Davidson & CO. grew its stake in CareTrust REIT by 0.7% in the 4th quarter. D.A. Davidson & CO. now owns 40,781 shares of the company’s stock worth $1,475,000 after acquiring an additional 282 shares in the last quarter. Swiss Life Asset Management Ltd raised its stake in shares of CareTrust REIT by 2.9% during the fourth quarter. Swiss Life Asset Management Ltd now owns 10,309 shares of the company’s stock valued at $373,000 after acquiring an additional 291 shares in the last quarter. Heritage Wealth Advisors raised its stake in shares of CareTrust REIT by 42.9% during the third quarter. Heritage Wealth Advisors now owns 1,000 shares of the company’s stock valued at $35,000 after acquiring an additional 300 shares in the last quarter. Tocqueville Asset Management L.P. boosted its holdings in shares of CareTrust REIT by 2.8% in the third quarter. Tocqueville Asset Management L.P. now owns 10,900 shares of the company’s stock valued at $378,000 after purchasing an additional 300 shares during the period. Finally, World Investment Advisors boosted its holdings in shares of CareTrust REIT by 1.3% in the third quarter. World Investment Advisors now owns 23,104 shares of the company’s stock valued at $801,000 after purchasing an additional 306 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

CareTrust REIT Stock Performance

Shares of CTRE opened at $37.15 on Friday. The firm has a market capitalization of $8.29 billion, a P/E ratio of 23.97, a PEG ratio of 2.50 and a beta of 0.74. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.73. CareTrust REIT has a one year low of $25.82 and a one year high of $41.72. The business has a fifty day moving average of $38.80 and a 200 day moving average of $36.83.

CareTrust REIT (NYSE:CTRE) last announced its earnings results on Thursday, February 12th. The company reported $0.50 earnings per share (EPS) 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 for the quarter. CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS.

CareTrust REIT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Tuesday, March 31st. This is a positive change from CareTrust REIT’s previous quarterly dividend of $0.34. CareTrust REIT’s payout ratio is 86.45%.

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.