BMO Capital Markets Issues Pessimistic Forecast for CareTrust REIT (NYSE:CTRE) Stock Price

CareTrust REIT (NYSE:CTRE) had its price target reduced by analysts at BMO Capital Markets from $47.00 to $45.00 in a research note issued to investors on Monday, MarketBeat reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 23.11% from the stock’s previous close.

Other analysts also recently issued reports about the company. Weiss Ratings raised CareTrust REIT from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, September 25th. Cantor Fitzgerald upped their price target on CareTrust REIT from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Royal Bank Of Canada lowered CareTrust REIT from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $44.00 to $43.00 in a research report on Friday, August 14th. Citigroup restated a “market outperform” rating on shares of CareTrust REIT in a research note on Wednesday, June 10th. Finally, Raymond James Financial cut their price objective on shares of CareTrust REIT from $45.00 to $42.00 and set an “outperform” rating on the stock in a report on Monday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, CareTrust REIT has a consensus rating of “Moderate Buy” and an average price target of $44.25.

CareTrust REIT Stock Up 1.0%

CareTrust REIT stock opened at $36.55 on Monday. CareTrust REIT has a 1-year low of $32.79 and a 1-year high of $43.62. The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 1.42 and a beta of 0.75. The firm’s fifty day moving average price is $38.98 and its two-hundred day moving average price is $39.38. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.27.

CareTrust REIT (NYSE:CTRE) last posted 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 net margin of 62.19% and a return on equity of 8.52%. 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, equities research analysts predict that CareTrust REIT will post 2.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CareTrust REIT

Several large investors have recently made changes to their positions in the business. Persistent Asset Partners Ltd purchased a new stake in CareTrust REIT during the second quarter worth about $31,000. Compass Financial Management LLC bought a new stake in CareTrust REIT in the second quarter worth about $34,000. Burnham & Co LLC purchased a new position in CareTrust REIT in the second quarter valued at about $61,000. Allworth Financial LP purchased a new position in CareTrust REIT in the second quarter valued at about $66,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of CareTrust REIT by 63.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,199 shares of the company’s stock valued at $81,000 after acquiring an additional 850 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

About CareTrust REIT

CareTrust REIT, Inc is a real estate investment trust that owns, acquires, develops, and leases healthcare-related properties. Its portfolio is primarily focused on skilled nursing facilities, assisted living communities, and other post-acute care properties operated by third-party healthcare providers.

The company generally leases its properties under long-term agreements, including triple-net leases, under which tenants are typically responsible for property-level expenses such as taxes, insurance, and maintenance.