CareTrust REIT (NYSE:CTRE) Coverage Initiated at Huntington

Stock analysts at Huntington started coverage on shares of CareTrust REIT (NYSE:CTRE) in a report issued on Thursday, Briefing.com reports. The firm set an “outperform” rating and a $44.00 price target on the stock. Huntington’s target price indicates a potential upside of 12.82% from the company’s previous close.

CTRE has been the subject of a number of other reports. Zacks Research raised shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. KeyCorp reiterated an “overweight” rating and set a $46.00 price target on shares of CareTrust REIT in a research report on Friday, May 29th. Raymond James Financial began coverage on CareTrust REIT in a report on Tuesday, June 16th. They issued an “outperform” rating and a $43.00 price objective for the company. BMO Capital Markets lifted their target price on CareTrust REIT from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Finally, Mizuho set a $45.00 price target on shares of CareTrust REIT in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, CareTrust REIT currently has an average rating of “Moderate Buy” and an average target price of $44.50.

CareTrust REIT Trading Down 0.8%

Shares of CTRE stock opened at $39.00 on Thursday. CareTrust REIT has a 1 year low of $32.79 and a 1 year high of $43.62. The firm has a market capitalization of $9.22 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 1.55 and a beta of 0.76. The stock has a fifty day moving average of $40.65 and a two-hundred day moving average of $39.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.57 and a current ratio of 0.57.

CareTrust REIT (NYSE:CTRE) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. The company had revenue of $161.35 million for the quarter. CareTrust REIT had a return on equity of 8.52% and a net margin of 62.19%.CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. As a group, research analysts expect that CareTrust REIT will post 2.05 EPS for the current year.

Hedge Funds Weigh In On CareTrust REIT

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Swiss Life Asset Management Ltd lifted its stake in CareTrust REIT by 2.9% during the fourth quarter. Swiss Life Asset Management Ltd now owns 10,309 shares of the company’s stock valued at $373,000 after buying an additional 291 shares in the last quarter. Kestra Private Wealth Services LLC increased its position in shares of CareTrust REIT by 1.1% in the first quarter. Kestra Private Wealth Services LLC now owns 27,684 shares of the company’s stock worth $1,015,000 after acquiring an additional 297 shares in the last quarter. Tocqueville Asset Management L.P. raised its holdings in shares of CareTrust REIT by 2.8% during the third quarter. Tocqueville Asset Management L.P. now owns 10,900 shares of the company’s stock valued at $378,000 after acquiring an additional 300 shares during the period. UMB Bank n.a. raised its holdings in shares of CareTrust REIT by 25.3% during the fourth quarter. UMB Bank n.a. now owns 1,525 shares of the company’s stock valued at $55,000 after acquiring an additional 308 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of CareTrust REIT by 0.9% in the 4th quarter. NewEdge Advisors LLC now owns 36,044 shares of the company’s stock valued at $1,303,000 after acquiring an additional 318 shares in the last quarter. Institutional investors and hedge funds 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.