CareTrust REIT (NYSE:CTRE) Cut to Sell at Wall Street Zen

CareTrust REIT (NYSE:CTRE) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other analysts have also weighed in on CTRE. Royal Bank Of Canada reissued a “sector perform” rating and set a $43.00 price objective on shares of CareTrust REIT in a report on Monday, October 5th. JPMorgan Chase & Co. assumed coverage on shares of CareTrust REIT in a research report on Friday, October 16th. They set a “neutral” rating and a $41.00 price target for the company. Weiss Ratings cut shares of CareTrust REIT from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, October 12th. UBS Group cut their price objective on CareTrust REIT from $48.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. Finally, Raymond James Financial cut their price objective on shares of CareTrust REIT from $45.00 to $42.00 and set an “outperform” rating for the company in a report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, CareTrust REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.64.

CareTrust REIT Price Performance

Shares of CTRE opened at $38.26 on Friday. The company has a market capitalization of $9.04 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 1.28 and a beta of 0.77. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average of $37.28 and a 200 day moving average of $38.98. CareTrust REIT has a twelve month low of $34.74 and a twelve month high of $43.62.

CareTrust REIT (NYSE:CTRE) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. CareTrust REIT had a return on equity of 8.52% and a net margin of 62.19%. The business had revenue of $176.36 million for the quarter. As a group, equities research analysts anticipate that CareTrust REIT will post 2.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of CareTrust REIT during the second quarter worth $8,231,000. Greenland Capital Management LP bought a new position in shares of CareTrust REIT during the 2nd quarter worth approximately $9,684,000. Corient Private Wealth LP raised its holdings in shares of CareTrust REIT by 76.2% in the 2nd quarter. Corient Private Wealth LP now owns 166,828 shares of the company’s stock worth $6,732,000 after purchasing an additional 72,137 shares during the period. Hsbc Holdings PLC lifted its stake in CareTrust REIT by 17.2% in the second quarter. Hsbc Holdings PLC now owns 478,410 shares of the company’s stock worth $19,334,000 after purchasing an additional 70,243 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new position in CareTrust REIT in the second quarter worth about $23,025,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Key CareTrust REIT News

Here are the key news stories impacting CareTrust REIT this week:

• Positive Sentiment: Third-quarter FFO was $0.54 per share, above the $0.52 consensus and up from $0.45 a year earlier. Revenue reached $176.4 million, also topping estimates cited in the reports. The earnings and revenue beats support the case for improving performance. CareTrust REIT Q3 FFO and Revenues Beat Estimates
• Positive Sentiment: CareTrust projected 2026 normalized FFO of $2.08–$2.09 per share. The outlook offers investors a forward earnings benchmark; the company also expects LNT conversions to RIDEA to begin in 2027. CareTrust projects 2026 normalized FFO per share
• Neutral Sentiment: CareTrust was included among five REITs highlighted for generous dividends after favorable third-quarter results. This may reinforce its appeal to income-focused investors, though the article does not report a dividend increase. 5 REIT Stocks With Generous Dividends to Consider After Q3 Earnings

About CareTrust REIT

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that owns, acquires, and manages properties used by healthcare providers. Its portfolio primarily includes skilled nursing facilities, assisted living communities, independent living facilities, and other senior housing and healthcare-related properties.

The company generally leases its properties to healthcare operators under long-term, often triple-net lease agreements. Under these arrangements, tenants typically assume responsibility for property-level expenses such as taxes, insurance, and maintenance, while CareTrust focuses on owning and managing the underlying real estate and supporting its operating partners.

CareTrust was formed in 2014 through the spin-off of healthcare properties from The Ensign Group.