Wedbush Estimates CareTrust REIT FY2026 Earnings

CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) - Research analysts at Wedbush issued their FY2026 earnings estimates for CareTrust REIT in a report issued on Tuesday, February 18th. Wedbush analyst R. Anderson expects that the real estate investment trust will post earnings per share of $1.96 for the year. Wedbush has a "Underperform" rating and a $26.00 price objective on the stock. The consensus estimate for CareTrust REIT's current full-year earnings is $1.72 per share.

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

Separately, BMO Capital Markets downgraded 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 report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $30.67.

CareTrust REIT Price Performance

NASDAQ:CTRE traded down $0.23 on Wednesday, reaching $25.63. The stock had a trading volume of 1,308,993 shares, compared to its average volume of 1,743,657. The company has a quick ratio of 3.82, a current ratio of 3.82 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $4.81 billion, a P/E ratio of 32.44, a price-to-earnings-growth ratio of 1.26 and a beta of 1.09. CareTrust REIT has a 1-year low of $22.46 and a 1-year high of $33.15. The stock has a fifty day moving average price of $26.81 and a 200-day moving average price of $28.88.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Advantage Trust Co acquired a new stake in shares of CareTrust REIT in the 4th quarter valued at $30,000. Blue Trust Inc. increased its position in CareTrust REIT by 178.3% in the third quarter. Blue Trust Inc. now owns 1,205 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 772 shares during the period. Versant Capital Management Inc raised its holdings in CareTrust REIT by 98.8% during the 4th quarter. Versant Capital Management Inc now owns 1,495 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 743 shares during the last quarter. Quarry LP lifted its position in CareTrust REIT by 463.5% during the 4th quarter. Quarry LP now owns 1,854 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 1,525 shares during the period. Finally, Loomis Sayles & Co. L P boosted its stake in shares of CareTrust REIT by 5,527.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,026 shares of the real estate investment trust's stock valued at $63,000 after purchasing an additional 1,990 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

CareTrust REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.29 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.16 annualized dividend and a dividend yield of 4.53%. CareTrust REIT's dividend payout ratio (DPR) is currently 146.84%.

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.