What is Wedbush's Estimate for CareTrust REIT Q1 Earnings?

CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) - Investment analysts at Wedbush issued their Q1 2025 earnings estimates for CareTrust REIT in a report released on Friday, March 14th. Wedbush analyst R. Anderson forecasts that the real estate investment trust will post earnings of $0.42 per share for the quarter. 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. Wedbush also issued estimates for CareTrust REIT's Q2 2025 earnings at $0.42 EPS, Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.43 EPS, FY2025 earnings at $1.69 EPS, Q1 2026 earnings at $0.45 EPS, Q2 2026 earnings at $0.48 EPS, Q3 2026 earnings at $0.50 EPS and Q4 2026 earnings at $0.53 EPS.

A number of other research firms also recently issued reports on CTRE. Wells Fargo & Company lowered their target price on shares of CareTrust REIT from $34.00 to $31.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Deutsche Bank Aktiengesellschaft upgraded shares of CareTrust REIT from a "hold" rating to a "buy" rating and set a $31.00 price objective for the company in a research note on Thursday, March 13th. Royal Bank of Canada decreased their price objective 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. Finally, BMO Capital Markets cut shares of CareTrust REIT from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $34.00 to $32.00 in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $31.00.

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CareTrust REIT Trading Down 0.4 %

CareTrust REIT stock traded down $0.12 during trading on Monday, reaching $29.01. The company had a trading volume of 923,284 shares, compared to its average volume of 1,610,587. CareTrust REIT has a 12-month low of $23.26 and a 12-month high of $33.15. The stock's 50 day moving average price is $26.56 and its two-hundred day moving average price is $28.65. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 36.69, a PEG ratio of 1.25 and a beta of 1.11. 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 (NASDAQ:CTRE - Get Free Report) last issued its quarterly 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 previous year, the company earned $0.25 EPS.

CareTrust REIT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.335 dividend. The ex-dividend date is Monday, March 31st. This is a boost from CareTrust REIT's previous quarterly dividend of $0.29. This represents a $1.34 annualized dividend and a yield of 4.62%. CareTrust REIT's dividend payout ratio is currently 146.84%.

Institutional Trading of CareTrust REIT

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in shares of CareTrust REIT by 381.2% during the third quarter. JPMorgan Chase & Co. now owns 6,878,379 shares of the real estate investment trust's stock worth $212,267,000 after acquiring an additional 5,448,904 shares during the last quarter. Eagle Asset Management Inc. grew its stake in shares of CareTrust REIT by 22.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 428,699 shares of the real estate investment trust's stock worth $13,264,000 after purchasing an additional 78,560 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of CareTrust REIT in the 3rd quarter worth approximately $7,475,000. Geode Capital Management LLC grew its stake in shares of CareTrust REIT by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,732,609 shares of the real estate investment trust's stock worth $115,209,000 after purchasing an additional 258,271 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of CareTrust REIT by 5.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,505,883 shares of the real estate investment trust's stock worth $67,784,000 after purchasing an additional 126,280 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

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.