Wedbush Forecasts CareTrust REIT FY2026 Earnings

CareTrust REIT, Inc. (NASDAQ:CTRE) – Analysts at Wedbush issued their FY2026 EPS estimates for shares of CareTrust REIT in a research note issued to investors on Tuesday, February 18th. Wedbush analyst R. Anderson expects that the real estate investment trust will earn $1.96 per share for the year. Wedbush has a “Underperform” rating and a $26.00 price target on the stock. The consensus estimate for CareTrust REIT’s current full-year earnings is $1.72 per share.

Separately, BMO Capital Markets lowered CareTrust REIT from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $34.00 to $32.00 in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $30.67.

CareTrust REIT Stock Down 0.3 %

CTRE stock opened at $25.88 on Wednesday. The stock’s 50 day simple moving average is $26.87 and its 200 day simple moving average is $28.90. The company has a market cap of $4.86 billion, a P/E ratio of 32.76, a price-to-earnings-growth ratio of 1.28 and a beta of 1.09. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.82 and a current ratio of 3.82. CareTrust REIT has a fifty-two week low of $22.46 and a fifty-two week high of $33.15.

CareTrust REIT (NASDAQ:CTRE) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.12). CareTrust REIT had a return on equity of 5.59% and a net margin of 42.22%. During the same period in the prior year, the business earned $0.25 earnings per share.

CareTrust REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.29 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.16 annualized dividend and a dividend yield of 4.48%. CareTrust REIT’s payout ratio is 146.84%.

Institutional Trading of CareTrust REIT

Institutional investors and hedge funds have recently modified their holdings of the business. Advantage Trust Co purchased a new stake in CareTrust REIT during the fourth quarter worth about $30,000. Blue Trust Inc. grew its stake in shares of CareTrust REIT by 178.3% during the 3rd quarter. Blue Trust Inc. now owns 1,205 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 772 shares during the period. Versant Capital Management Inc increased its holdings in CareTrust REIT by 98.8% in the 4th quarter. Versant Capital Management Inc now owns 1,495 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 743 shares during the last quarter. Quarry LP increased its holdings in CareTrust REIT by 463.5% in the 4th quarter. Quarry LP now owns 1,854 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,525 shares during the last quarter. Finally, Glen Eagle Advisors LLC bought a new stake in CareTrust REIT in the 4th quarter valued at about $56,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

CareTrust REIT Company Profile

CareTrust REIT, Inc’s (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas.