Mizuho Initiates Coverage on CareTrust REIT (NYSE:CTRE)

Equities research analysts at Mizuho assumed coverage on shares of CareTrust REIT (NYSE:CTRE) in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $42.00 price target on the stock. Mizuho’s price objective indicates a potential upside of 9.59% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on CTRE. UBS Group raised their target price on CareTrust REIT from $44.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. KeyCorp boosted their price target on CareTrust REIT from $36.00 to $40.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. The Goldman Sachs Group set a $44.00 price objective on CareTrust REIT in a research note on Thursday, January 22nd. Zacks Research cut CareTrust REIT from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 25th. Finally, Jefferies Financial Group boosted their target price on CareTrust REIT from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $42.82.

CareTrust REIT Trading Up 0.0%

Shares of CTRE stock opened at $38.33 on Thursday. The stock has a market cap of $8.56 billion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 2.58 and a beta of 0.77. CareTrust REIT has a 1 year low of $25.82 and a 1 year high of $41.72. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.22. The stock has a 50 day simple moving average of $38.83 and a 200 day simple moving average of $36.93.

CareTrust REIT (NYSE:CTRE) last released its earnings results on Thursday, February 12th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. The company had revenue of $134.86 million for the quarter. CareTrust REIT had a return on equity of 8.98% and a net margin of 67.28%.CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS.

Institutional Trading of CareTrust REIT

Several large investors have recently modified their holdings of the stock. D.A. Davidson & CO. boosted its stake in CareTrust REIT by 0.7% during the fourth quarter. D.A. Davidson & CO. now owns 40,781 shares of the company’s stock worth $1,475,000 after acquiring an additional 282 shares in the last quarter. Swiss Life Asset Management Ltd boosted its position in shares of CareTrust REIT by 2.9% during the 4th quarter. Swiss Life Asset Management Ltd now owns 10,309 shares of the company’s stock worth $373,000 after purchasing an additional 291 shares in the last quarter. Heritage Wealth Advisors boosted its position in shares of CareTrust REIT by 42.9% during the 3rd quarter. Heritage Wealth Advisors now owns 1,000 shares of the company’s stock worth $35,000 after purchasing an additional 300 shares in the last quarter. Tocqueville Asset Management L.P. grew its stake in shares of CareTrust REIT by 2.8% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 10,900 shares of the company’s stock valued at $378,000 after buying an additional 300 shares during the period. Finally, World Investment Advisors grew its stake in shares of CareTrust REIT by 1.3% in the 3rd quarter. World Investment Advisors now owns 23,104 shares of the company’s stock valued at $801,000 after buying an additional 306 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

About CareTrust REIT

CareTrust REIT, Inc is a real estate investment trust based in Deerfield Beach, Florida, specializing in the ownership, acquisition and management of net-leased healthcare properties. The company primarily focuses on seniors housing and post-acute care facilities, entering into long-term, triple-net lease agreements with leading operators in the skilled nursing, assisted living, memory care, inpatient rehabilitation and specialty hospital sectors. Through its portfolio, CareTrust REIT aims to provide investors with stable and predictable rental income while supporting the ongoing demand for quality healthcare real estate across the United States.

Since its initial public offering in September 2013, CareTrust REIT has pursued a disciplined acquisition strategy, targeting properties in primary and select secondary markets.