Should I buy or sell CareTrust REIT stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CareTrust REIT in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CTRE shares. View CTRE analyst ratings or view top-rated stocks .

What is CareTrust REIT's stock price target for 2024?

7 equities research analysts have issued 1-year price targets for CareTrust REIT's stock. Their CTRE share price targets range from $23.00 to $25.00. On average, they predict the company's stock price to reach $23.57 in the next year. This suggests that the stock has a possible downside of 0.7%. View analysts price targets for CTRE or view top-rated stocks among Wall Street analysts .

How have CTRE shares performed in 2024?

CareTrust REIT's stock was trading at $22.38 at the beginning of the year. Since then, CTRE stock has increased by 6.1% and is now trading at $23.74. View the best growth stocks for 2024 here .

When is CareTrust REIT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our CTRE earnings forecast .

How were CareTrust REIT's earnings last quarter?

CareTrust REIT, Inc. (NASDAQ:CTRE) issued its quarterly earnings data on Tuesday, February, 15th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by $0.06. CareTrust REIT had a trailing twelve-month return on equity of 5.14% and a net margin of 24.67%. During the same quarter in the prior year, the firm posted $0.36 EPS.

How often does CareTrust REIT pay dividends? What is the dividend yield for CareTrust REIT?

CareTrust REIT declared a quarterly dividend on Monday, March 18th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.29 per share on Monday, April 15th. This represents a $1.16 annualized dividend and a yield of 4.89%. The ex-dividend date is Wednesday, March 27th. This is an increase from the stock's previous quarterly dividend of $0.28. Read our dividend analysis for CTRE .

Is CareTrust REIT a good dividend stock?

CareTrust REIT (NASDAQ:CTRE) pays an annual dividend of $1.16 per share and currently has a dividend yield of 4.94%. CTRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 236.73%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CTRE will have a dividend payout ratio of 69.88% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CTRE .

What ETFs hold CareTrust REIT's stock?

ETFs with the largest weight of CareTrust REIT (NASDAQ:CTRE) stock in their portfolio include Residential REIT ETF (HAUS) , Global X SuperDividend REIT ETF (SRET) , Cambria Global Real Estate ETF (BLDG) , Invesco S&P SmallCap Low Volatility ETF (XSLV) , SP Funds S&P Global REIT Sharia ETF (SPRE) , ETC 6 Meridian Small Cap Equity ETF (SIXS) , Invesco S&P SmallCap Financials ETF (PSCF) and JPMorgan Realty Income ETF (JPRE) .

What guidance has CareTrust REIT issued on next quarter's earnings?

CareTrust REIT issued an update on its FY 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of 1.430-1.450 for the period, compared to the consensus earnings per share estimate of 1.530. The company issued revenue guidance of -.

What other stocks do shareholders of CareTrust REIT own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CareTrust REIT investors own include Verizon Communications (VZ) , NVIDIA (NVDA) , AT&T (T) , AbbVie (ABBV) , Cisco Systems (CSCO) , Home Depot (HD) , Bristol-Myers Squibb (BMY) , CVS Health (CVS) , PayPal (PYPL) and Medical Properties Trust (MPW) .

Who are CareTrust REIT's major shareholders?

CareTrust REIT's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Hazelview Securities Inc. (0.61%), Sound Income Strategies LLC (0.22%), Trust Co. of Toledo NA OH (0.02%), Allspring Global Investments Holdings LLC (0.02%), Perpetual Ltd (0.02%) and AlphaMark Advisors LLC (0.01%). View institutional ownership trends .

How do I buy shares of CareTrust REIT?

Shares of CTRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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NASDAQ:CTRE

CareTrust REIT (CTRE) Stock Price, News & Analysis

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$23.74

+0.22 (+0.94%)

(As of 04/18/2024 ET)

Compare

Today's Range: $23.40
▼
$23.74
50-Day Range: $22.51
▼
$24.53
52-Week Range: $18.18
▼
$24.62

Volume: 897,244 shs
Average Volume: 1.40 million shs
Market Capitalization: $3.20 billion

P/E Ratio: 48.45
Dividend Yield: 4.89%
Price Target: $23.57

Get CareTrust REIT alerts:

CareTrust REIT MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 0.7% Downside
$23.57 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.21
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 8.50%
From $1.53 to $1.66 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.48 out of 5 stars

Finance Sector

705th out of 823 stocks

Real Estate Investment Trusts Industry

149th out of 176 stocks

1.4

Analyst's Opinion

Consensus Rating
CareTrust REIT has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
CareTrust REIT has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for CTRE.

2.5

Dividend Strength

Dividend Leadership
CareTrust REIT is a leading dividend payer. It pays a dividend yield of 4.94%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
CareTrust REIT has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of CareTrust REIT is 236.73%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, CareTrust REIT will have a dividend payout ratio of 69.88% next year. This indicates that CareTrust REIT will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CTRE.

1.8

News and Social Media Coverage

News Sentiment
CareTrust REIT has a news sentiment score of 0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for CareTrust REIT this week, compared to 2 articles on an average week.
Search Interest
Only 6 people have searched for CTRE on MarketBeat in the last 30 days. This is a decrease of -45% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added CareTrust REIT to their MarketBeat watchlist in the last 30 days. This is a decrease of -38% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CareTrust REIT insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.75% of the stock of CareTrust REIT is held by insiders.
Percentage Held by Institutions
87.77% of the stock of CareTrust REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for CareTrust REIT are expected to grow by 8.50% in the coming year, from $1.53 to $1.66 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CareTrust REIT is 48.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.94.
Price to Earnings Ratio vs. Sector
The P/E ratio of CareTrust REIT is 48.45, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 60.02.
Price to Book Value per Share Ratio
CareTrust REIT has a P/B Ratio of 1.99. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About CareTrust REIT Stock (NASDAQ:CTRE)

CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.

CTRE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CTRE Stock News Headlines

April 16, 2024 | msn.com

8 REITs increase dividend payouts in March, says report

April 15, 2024 | businesswire.com

CareTrust REIT Achieves ISS ESG “Prime” Status for 2024

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 15, 2024 | americanbankingnews.com

Contrasting Franklin Street Properties (NYSE:FSP) & CareTrust REIT (NASDAQ:CTRE)

April 6, 2024 | seekingalpha.com

CareTrust REIT: This Near 5% Yielding Healthcare REIT Is A Great Long-Term Buy For Dividend Investors

April 2, 2024 | seekingalpha.com

CareTrust REIT invests $60M in acquisition of three California CCRCs

April 2, 2024 | businesswire.com

CareTrust REIT Invests $60 Million in Acquisition of Three Southern California Continuing Care Retirement Communities

March 28, 2024 | seekingalpha.com

CareTrust REIT: 4.7% Yield And Long-Term Growth Potential

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 18, 2024 | businesswire.com

CareTrust REIT Raises Quarterly Dividend to $0.29 per Share

March 16, 2024 | finance.yahoo.com

CTRE Jul 2024 30.000 put

March 6, 2024 | msn.com

CareTrust REIT buys three nursing facilities in Texas and Missouri

March 6, 2024 | markets.businessinsider.com

CareTrust REIT Acquires Three Skilled Nursing Facilities For Approx. $55.6 Mln In Cash

March 6, 2024 | businesswire.com

CareTrust REIT Acquires Three Property Skilled Nursing Portfolio in Texas and Missouri

February 22, 2024 | wsj.com

CareTrust REIT Inc.

February 16, 2024 | markets.businessinsider.com

RBC Capital Remains a Buy on CareTrust REIT (CTRE)

February 13, 2024 | finance.yahoo.com

CareTrust REIT, Inc. (NYSE:CTRE) Q4 2023 Earnings Call Transcript

February 10, 2024 | msn.com

A New Cause for Concern: CareTrust REIT Adds a New Cyber Security Risk

February 9, 2024 | seekingalpha.com

CareTrust REIT, Inc. 2023 Q4 - Results - Earnings Call Presentation

February 9, 2024 | msn.com

CareTrust REIT Releases Q4 and Annual Financial Update

February 9, 2024 | msn.com

CareTrust REIT (CTRE) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

February 8, 2024 | finance.yahoo.com

CareTrust REIT Inc. Reports Solid Year-End Earnings with Net Income Growth and Strong ...

February 8, 2024 | finance.yahoo.com

CareTrust REIT Announces Fourth Quarter & Full Year 2023 Operating Results

February 8, 2024 | markets.businessinsider.com

CareTrust REIT is about to announce its earnings — here's what Wall Street expects

February 7, 2024 | seekingalpha.com

CareTrust REIT: Buy The Drop On This Solid Dividend Grower

February 5, 2024 | finance.yahoo.com

Northwind Group and Care Trust REIT Provide $105 Million in Mezzanine Loans Secured by 25 Skilled Nursing and Assisted Living Properties in Virginia and Missouri

February 2, 2024 | finance.yahoo.com

CareTrust REIT Sets Fourth Quarter Earnings Call for Friday, February 9, 2024

See More Headlines

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Company Calendar

Last Earnings: 2/15/2022
Ex-Dividend for 4/15 Dividend: 3/27/2024
Dividend Payable: 4/15/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Real estate investment trusts
Sub-Industry: N/A
Current Symbol: NASDAQ:CTRE
Previous Symbol: NASDAQ:CTREV
CUSIP: N/A
CIK: 1590717
Web: www.caretrustreit.com
Phone: (949) 542-3130
Fax: N/A
Employees: 17
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $23.57
High Stock Price Target: $25.00
Low Stock Price Target: $23.00
Potential Upside/Downside: +0.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.71
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.49
Trailing P/E Ratio: 47.98
Forward P/E Ratio: 15.37
P/E Growth: N/A
Net Income: $53.74 million
Net Margins: 24.67%
Pretax Margin: 24.67%
Return on Equity: 5.14%
Return on Assets: 2.98%

Debt

Debt-to-Equity Ratio: 0.42
Current Ratio: 8.67
Quick Ratio: 8.67

Sales & Book Value

Annual Sales: $217.77 million
Price / Sales: 14.57
Cash Flow: $0.94 per share
Price / Cash Flow: 24.92
Book Value: $11.91 per share
Price / Book: 1.97

Miscellaneous

Outstanding Shares: 134,990,000
Free Float: 132,631,000
Market Cap: $3.17 billion
Optionable: Optionable
Beta: 1.05

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Key Executives

Mr. David M. Sedgwick (Age 48)
CEO, President & Director
Comp: $2.64M
Mr. William M. Wagner (Age 58)
CFO & Treasurer
Comp: $1.4M
Mr. James B. Callister (Age 48)
Chief Investment Officer & Secretary
Comp: $1.28M
Mr. Eric Gillis
Director of Asset Management
Ms. Lauren Beale
Senior VP & Controller

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

CTRE Stock Analysis - Frequently Asked Questions

Should I buy or sell CareTrust REIT stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CareTrust REIT in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CTRE shares.
View CTRE analyst ratings or view top-rated stocks.
What is CareTrust REIT's stock price target for 2024?: 7 equities research analysts have issued 1-year price targets for CareTrust REIT's stock. Their CTRE share price targets range from $23.00 to $25.00. On average, they predict the company's stock price to reach $23.57 in the next year. This suggests that the stock has a possible downside of 0.7%.
View analysts price targets for CTRE or view top-rated stocks among Wall Street analysts.
How have CTRE shares performed in 2024?: CareTrust REIT's stock was trading at $22.38 at the beginning of the year. Since then, CTRE stock has increased by 6.1% and is now trading at $23.74.
View the best growth stocks for 2024 here.
When is CareTrust REIT's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our CTRE earnings forecast.
How were CareTrust REIT's earnings last quarter?: CareTrust REIT, Inc. (NASDAQ:CTRE) issued its quarterly earnings data on Tuesday, February, 15th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by $0.06. CareTrust REIT had a trailing twelve-month return on equity of 5.14% and a net margin of 24.67%. During the same quarter in the prior year, the firm posted $0.36 EPS.
How often does CareTrust REIT pay dividends? What is the dividend yield for CareTrust REIT?: CareTrust REIT declared a quarterly dividend on Monday, March 18th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.29 per share on Monday, April 15th. This represents a $1.16 annualized dividend and a yield of 4.89%. The ex-dividend date is Wednesday, March 27th. This is an increase from the stock's previous quarterly dividend of $0.28.
Read our dividend analysis for CTRE.

Is CareTrust REIT a good dividend stock?: CareTrust REIT (NASDAQ:CTRE) pays an annual dividend of $1.16 per share and currently has a dividend yield of 4.94%. CTRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 236.73%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CTRE will have a dividend payout ratio of 69.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CTRE.
What ETFs hold CareTrust REIT's stock?: ETFs with the largest weight of CareTrust REIT (NASDAQ:CTRE) stock in their portfolio include Residential REIT ETF (HAUS), Global X SuperDividend REIT ETF (SRET), Cambria Global Real Estate ETF (BLDG), Invesco S&P SmallCap Low Volatility ETF (XSLV), SP Funds S&P Global REIT Sharia ETF (SPRE), ETC 6 Meridian Small Cap Equity ETF (SIXS), Invesco S&P SmallCap Financials ETF (PSCF) and JPMorgan Realty Income ETF (JPRE).
What guidance has CareTrust REIT issued on next quarter's earnings?: CareTrust REIT issued an update on its FY 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of 1.430-1.450 for the period, compared to the consensus earnings per share estimate of 1.530. The company issued revenue guidance of -.
What other stocks do shareholders of CareTrust REIT own?: Based on aggregate information from My MarketBeat watchlists, some companies that other CareTrust REIT investors own include Verizon Communications (VZ), NVIDIA (NVDA), AT&T (T), AbbVie (ABBV), Cisco Systems (CSCO), Home Depot (HD), Bristol-Myers Squibb (BMY), CVS Health (CVS), PayPal (PYPL) and Medical Properties Trust (MPW).
Who are CareTrust REIT's major shareholders?: CareTrust REIT's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Hazelview Securities Inc. (0.61%), Sound Income Strategies LLC (0.22%), Trust Co. of Toledo NA OH (0.02%), Allspring Global Investments Holdings LLC (0.02%), Perpetual Ltd (0.02%) and AlphaMark Advisors LLC (0.01%).
View institutional ownership trends.
How do I buy shares of CareTrust REIT?: Shares of CTRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CTRE) was last updated on 4/18/2024 by MarketBeat.com Staff

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CareTrust REIT (CTRE) Stock Price, News & Analysis

CareTrust REIT MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About CareTrust REIT Stock (NASDAQ:CTRE)

CTRE Stock Price History

CTRE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

CTRE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™