Wedbush Predicts CareTrust REIT FY2026 Earnings

CareTrust REIT, Inc. (NASDAQ:CTRE) – Investment analysts at Wedbush issued their FY2026 earnings estimates for shares of CareTrust REIT in a research report issued to clients and investors on Tuesday, February 18th. Wedbush analyst R. Anderson expects that the real estate investment trust will post earnings of $1.96 per share for the year. 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 $1.72 per share.

CareTrust REIT (NASDAQ:CTRE) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.29 earnings per share 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 quarter last year, the firm posted $0.25 EPS.

Separately, BMO Capital Markets cut shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and decreased their target price for the company 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, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $30.67.

CareTrust REIT Trading Down 1.6 %

Shares of CTRE stock opened at $25.99 on Wednesday. The company’s 50-day moving average price is $26.98 and its 200-day moving average price is $28.93. 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 has a market cap of $4.88 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.28 and a beta of 1.09. CareTrust REIT has a twelve month low of $22.46 and a twelve month high of $33.15.

CareTrust REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.16 annualized dividend and a dividend yield of 4.46%. CareTrust REIT’s dividend payout ratio is presently 146.84%.

Institutional Trading of CareTrust REIT

Several hedge funds have recently made changes to their positions in the business. GF Fund Management CO. LTD. acquired a new stake in shares of CareTrust REIT during the fourth quarter worth about $76,000. Public Employees Retirement System of Ohio lifted its position in shares of CareTrust REIT by 20.5% during 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 purchasing an additional 45,262 shares in the last quarter. GTS Securities LLC acquired a new stake in shares of CareTrust REIT during the fourth quarter worth about $562,000. Glen Eagle Advisors LLC purchased a new stake in shares of CareTrust REIT during the fourth quarter worth approximately $56,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of CareTrust REIT by 21.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,154,378 shares of the real estate investment trust’s stock worth $31,226,000 after buying an additional 202,843 shares during the period. Institutional investors and hedge funds 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.