CareTrust REIT (NYSE:CTRE) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of CareTrust REIT (NYSE:CTRE) from a hold rating to a strong sell rating in a research note published on Wednesday morning,Zacks.com reports.

Several other equities research analysts also recently weighed in on the stock. Citizens Jmp began coverage on shares of CareTrust REIT in a report on Thursday, January 22nd. They issued a “market outperform” rating and a $44.00 price objective for the company. Citigroup began coverage on shares of CareTrust REIT in a research report on Thursday, January 22nd. They set a “market outperform” rating on the stock. Cantor Fitzgerald upped their price target on shares of CareTrust REIT from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. BMO Capital Markets upgraded shares of CareTrust REIT from a “hold” rating to an “outperform” rating and set a $43.00 price objective for the company in a report on Friday, January 9th. Finally, Royal Bank Of Canada raised their price objective on shares of CareTrust REIT from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Three research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, CareTrust REIT currently has a consensus rating of “Buy” and a consensus target price of $42.90.

CareTrust REIT Stock Down 0.8%

Shares of CareTrust REIT stock opened at $37.28 on Wednesday. The business’s fifty day moving average price is $38.81 and its two-hundred day moving average price is $36.79. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market capitalization of $8.32 billion, a P/E ratio of 24.05, a PEG ratio of 2.53 and a beta of 0.74. CareTrust REIT has a 1-year low of $25.82 and a 1-year high of $41.72.

CareTrust REIT (NYSE:CTRE) last released its quarterly 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. The company had revenue of $134.86 million during the quarter. CareTrust REIT had a return on equity of 8.98% and a net margin of 67.28%.CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS.

CareTrust REIT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.39 per share. This is a boost from CareTrust REIT’s previous quarterly dividend of $0.34. This represents a $1.56 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, March 31st. CareTrust REIT’s dividend payout ratio (DPR) is currently 86.45%.

Institutional Investors Weigh In On CareTrust REIT

Institutional investors and hedge funds have recently modified their holdings of the stock. Kemnay Advisory Services Inc. acquired a new stake in shares of CareTrust REIT during the fourth quarter worth $27,000. Transamerica Financial Advisors LLC boosted its position in shares of CareTrust REIT by 520.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock valued at $32,000 after purchasing an additional 728 shares during the period. Heritage Wealth Advisors boosted its position in shares of CareTrust REIT by 42.9% in the 3rd quarter. Heritage Wealth Advisors now owns 1,000 shares of the company’s stock valued at $35,000 after purchasing an additional 300 shares during the period. Allworth Financial LP increased its stake in CareTrust REIT by 114.0% in the 3rd quarter. Allworth Financial LP now owns 1,042 shares of the company’s stock worth $36,000 after purchasing an additional 555 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. purchased a new position in CareTrust REIT in the 4th quarter worth about $40,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

About CareTrust REIT

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.