Wedbush Predicts CareTrust REIT’s Q2 Earnings (NASDAQ:CTRE)

CareTrust REIT, Inc. (NASDAQ:CTRE) – Equities research analysts at Wedbush boosted their Q2 2025 earnings estimates for CareTrust REIT in a note issued to investors on Tuesday, May 13th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings of $0.44 per share for the quarter, up from their prior forecast of $0.43. 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 $1.71 per share. Wedbush also issued estimates for CareTrust REIT’s Q3 2025 earnings at $0.46 EPS, Q4 2025 earnings at $0.46 EPS, FY2025 earnings at $1.78 EPS and FY2026 earnings at $2.01 EPS.

Several other analysts have also recently commented on CTRE. Royal Bank of Canada reduced their target price on shares of CareTrust REIT from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Wells Fargo & Company dropped their price objective on CareTrust REIT from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Finally, Deutsche Bank Aktiengesellschaft raised CareTrust REIT from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, CareTrust REIT has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

CareTrust REIT Trading Up 2.0%

NASDAQ:CTRE opened at $28.61 on Thursday. The company has a current ratio of 3.82, a quick ratio of 3.82 and a debt-to-equity ratio of 0.14. The stock’s 50 day simple moving average is $28.36 and its 200-day simple moving average is $28.05. CareTrust REIT has a 12-month low of $24.35 and a 12-month high of $33.15. The firm has a market cap of $5.48 billion, a P/E ratio of 36.22, a PEG ratio of 1.25 and a beta of 0.88.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Advantage Trust Co acquired a new position in shares of CareTrust REIT in the fourth quarter worth $30,000. Blue Trust Inc. lifted its holdings in CareTrust REIT by 50.0% in the 4th quarter. Blue Trust Inc. now owns 1,808 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 603 shares in the last quarter. Quarry LP grew its holdings in shares of CareTrust REIT by 463.5% during the fourth quarter. Quarry LP now owns 1,854 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 1,525 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of CareTrust REIT by 217.5% during the first quarter. Fifth Third Bancorp now owns 1,978 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 1,355 shares in the last quarter. Finally, Twin Tree Management LP acquired a new position in shares of CareTrust REIT in the first quarter valued at approximately $58,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

CareTrust REIT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.335 dividend. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from CareTrust REIT’s previous quarterly dividend of $0.29. This represents a $1.34 annualized dividend and a dividend yield of 4.68%. CareTrust REIT’s dividend payout ratio is currently 145.65%.

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.