CareTrust REIT (NYSE:CTRE) Releases FY 2026 Earnings Guidance

CareTrust REIT (NYSE:CTRE) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.030-2.060 for the period. The company issued revenue guidance of -.

CareTrust REIT Trading Up 0.2%

Shares of NYSE:CTRE traded up $0.10 during trading on Thursday, reaching $41.24. 1,702,496 shares of the stock were exchanged, compared to its average volume of 2,587,981. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.37 and a current ratio of 2.38. CareTrust REIT has a 12-month low of $31.92 and a 12-month high of $43.62. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 1.84 and a beta of 0.75. The firm’s 50-day moving average price is $40.11 and its 200 day moving average price is $39.49.

CareTrust REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Tuesday, June 30th. CareTrust REIT’s payout ratio is currently 100.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CTRE shares. BMO Capital Markets increased their target price on CareTrust REIT from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Citigroup reissued a “market outperform” rating on shares of CareTrust REIT in a research report on Wednesday, June 10th. Weiss Ratings cut CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, July 21st. Zacks Research raised shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Raymond James Financial started coverage on shares of CareTrust REIT in a research report on Tuesday, June 16th. They set an “outperform” rating and a $43.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.82.

Institutional Investors Weigh In On CareTrust REIT

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp lifted its position in shares of CareTrust REIT by 1.8% during the fourth quarter. State Street Corp now owns 12,426,213 shares of the company’s stock worth $453,411,000 after purchasing an additional 219,641 shares during the last quarter. Wellington Management Group LLP increased its holdings in CareTrust REIT by 18.1% in the fourth quarter. Wellington Management Group LLP now owns 12,355,966 shares of the company’s stock valued at $446,792,000 after buying an additional 1,893,143 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in CareTrust REIT by 108.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,493,898 shares of the company’s stock valued at $234,820,000 after buying an additional 3,379,732 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in CareTrust REIT by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,431,083 shares of the company’s stock valued at $160,228,000 after buying an additional 202,025 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in CareTrust REIT by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,271,835 shares of the company’s stock valued at $118,316,000 after buying an additional 171,245 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

CareTrust REIT Company Profile

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.