FY2025 EPS Estimates for CareTrust REIT Decreased by Wedbush

CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) - Stock analysts at Wedbush cut their FY2025 EPS estimates for shares of CareTrust REIT in a research note issued to investors on Tuesday, February 18th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings per share of $1.71 for the year, down from their prior forecast of $1.72. Wedbush currently has a "Underperform" rating and a $26.00 target price on the stock. The consensus estimate for CareTrust REIT's current full-year earnings is $1.71 per share.

CareTrust REIT (NASDAQ:CTRE - Get Free Report) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts' consensus estimates 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 quarter in the prior year, the company posted $0.25 earnings per share.

Several other brokerages have also recently issued reports on CTRE. Royal Bank of Canada dropped their target price on CareTrust REIT from $37.00 to $32.00 and set an "outperform" rating on the stock in a research report on Friday. BMO Capital Markets downgraded shares of CareTrust REIT from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $34.00 to $32.00 in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $30.83.

CareTrust REIT Stock Performance

Shares of CTRE traded down $0.73 during trading hours on Thursday, hitting $24.90. The stock had a trading volume of 1,829,310 shares, compared to its average volume of 1,746,186. The firm has a market capitalization of $4.67 billion, a PE ratio of 31.51, a PEG ratio of 1.26 and a beta of 1.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.82 and a quick ratio of 3.82. CareTrust REIT has a 12 month low of $22.46 and a 12 month high of $33.15. The stock has a fifty day moving average price of $26.73 and a 200 day moving average price of $28.86.

Institutional Trading of CareTrust REIT

Hedge funds and other institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp boosted its holdings in CareTrust REIT by 254.3% in the 4th quarter. Mackenzie Financial Corp now owns 73,151 shares of the real estate investment trust's stock worth $1,979,000 after buying an additional 52,502 shares during the period. GF Fund Management CO. LTD. purchased a new position in shares of CareTrust REIT in the fourth quarter valued at about $76,000. Public Employees Retirement System of Ohio boosted its stake in shares of CareTrust REIT by 20.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 265,772 shares of the real estate investment trust's stock worth $7,189,000 after acquiring an additional 45,262 shares during the period. GTS Securities LLC purchased a new stake in shares of CareTrust REIT during the fourth quarter worth about $562,000. Finally, Glen Eagle Advisors LLC bought a new stake in CareTrust REIT during the 4th quarter valued at approximately $56,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

CareTrust REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 4.66%. The ex-dividend date was Tuesday, December 31st. CareTrust REIT's dividend payout ratio is 146.84%.

About CareTrust REIT

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.