CareTrust REIT, Inc. (NYSE:CTRE) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of CareTrust REIT, Inc. (NYSE:CTRE) have been given a consensus recommendation of “Moderate Buy” by the fourteen research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $44.50.

A number of research firms have commented on CTRE. Cantor Fitzgerald lifted their price objective on shares of CareTrust REIT from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Weiss Ratings cut shares of CareTrust REIT from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. KeyCorp reaffirmed an “overweight” rating on shares of CareTrust REIT in a report on Wednesday, September 16th. Huntington initiated coverage on shares of CareTrust REIT in a research note on Thursday, September 10th. They issued an “outperform” rating and a $44.00 price target on the stock. Finally, Citigroup reissued a “market outperform” rating on shares of CareTrust REIT in a report on Wednesday, June 10th.

CareTrust REIT Price Performance

NYSE:CTRE opened at $37.30 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average price is $39.95 and its two-hundred day moving average price is $39.56. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 1.48 and a beta of 0.76. CareTrust REIT has a 12-month low of $32.79 and a 12-month high of $43.62.

CareTrust REIT (NYSE:CTRE) last issued its earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. CareTrust REIT had a return on equity of 8.52% and a net margin of 62.19%.The company had revenue of $161.35 million during the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. On average, analysts anticipate that CareTrust REIT will post 2.04 earnings per share for the current year.

CareTrust REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.39 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.2%. CareTrust REIT’s dividend payout ratio (DPR) is 98.11%.

Institutional Trading of CareTrust REIT

Several institutional investors have recently added to or reduced their stakes in CTRE. Persistent Asset Partners Ltd acquired a new stake in shares of CareTrust REIT during the second quarter worth $31,000. Compass Financial Management LLC acquired a new position in shares of CareTrust REIT in the second quarter valued at about $34,000. Eurizon Capital SGR S.p.A. bought a new position in CareTrust REIT during the fourth quarter worth about $44,000. Burnham & Co LLC bought a new position in CareTrust REIT during the second quarter worth about $61,000. Finally, Allworth Financial LP acquired a new stake in CareTrust REIT in the 2nd quarter worth about $66,000. 87.77% of the stock is currently owned by institutional investors.

About CareTrust REIT

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that owns and manages a portfolio of healthcare-related properties across the United States. The company primarily invests in properties that are leased to healthcare operators under long-term, typically triple-net lease agreements.

CareTrust’s portfolio includes skilled nursing facilities, assisted living facilities, independent living communities, memory care properties and other healthcare-related real estate. Its tenants are responsible for operating the facilities and generally cover property-level expenses such as taxes, insurance and maintenance under the terms of the leases.

CareTrust was established in 2014 through a separation from The Ensign Group, a healthcare services company.