CareTrust REIT (NYSE:CTRE) Stock Gets Price Target Reduction from UBS Group

CareTrust REIT (NYSE:CTRE) had its price target cut by UBS Group from $48.00 to $44.00 in a research report report published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also commented on the stock. Wells Fargo & Company decreased their price objective on shares of CareTrust REIT from $47.00 to $44.00 and set an “overweight” rating for the company in a research note on Tuesday, September 1st. Royal Bank Of Canada restated a “sector perform” rating and issued a $43.00 target price on shares of CareTrust REIT in a research note on Monday, October 5th. Raymond James Financial cut their target price on CareTrust REIT from $45.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, October 5th. BMO Capital Markets reduced their target price on CareTrust REIT from $47.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, October 5th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of CareTrust REIT in a research report on Tuesday, October 6th. One investment 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, CareTrust REIT has a consensus rating of “Moderate Buy” and a consensus target price of $43.92.

CareTrust REIT Price Performance

CTRE stock opened at $36.59 on Tuesday. The company has a market capitalization of $8.65 billion, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 1.42 and a beta of 0.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.57 and a current ratio of 0.57. CareTrust REIT has a 52-week low of $33.30 and a 52-week high of $43.62. The business has a 50-day simple moving average of $38.24 and a two-hundred day simple moving average of $39.32.

CareTrust REIT (NYSE:CTRE) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $161.35 million during the quarter. CareTrust REIT had a return on equity of 8.52% and a net margin of 62.19%. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. Research analysts expect that CareTrust REIT will post 2.07 EPS for the current fiscal year.

CareTrust REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Wednesday, September 30th. CareTrust REIT’s payout ratio is 98.11%.

Institutional Trading of CareTrust REIT

A number of large investors have recently added to or reduced their stakes in CTRE. Persistent Asset Partners Ltd purchased a new position in CareTrust REIT in the second quarter valued at about $31,000. Compass Financial Management LLC bought a new position in shares of CareTrust REIT during the 2nd quarter valued at approximately $34,000. Burnham & Co LLC bought a new position in shares of CareTrust REIT during the 2nd quarter valued at approximately $61,000. Allworth Financial LP purchased a new stake in shares of CareTrust REIT during the 2nd quarter worth approximately $66,000. Finally, EverSource Wealth Advisors LLC increased its stake 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 worth $81,000 after purchasing an additional 850 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

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.