CareTrust REIT (NYSE:CTRE) Earns Outperform Rating from Analysts at Mizuho

Equities research analysts at Mizuho started coverage on shares of CareTrust REIT (NYSE:CTRE) in a research note issued on Thursday,Benzinga reports. The firm set an “outperform” rating and a $42.00 price target on the stock. Mizuho’s price objective points to a potential upside of 13.01% from the stock’s current price.

CTRE has been the topic of a number of other reports. The Goldman Sachs Group set a $44.00 target price on shares of CareTrust REIT in a report on Thursday, January 22nd. Cantor Fitzgerald lifted their price target on shares of CareTrust REIT from $37.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Citigroup assumed coverage on shares of CareTrust REIT in a research note on Thursday, January 22nd. They issued a “market outperform” rating on the stock. Royal Bank Of Canada increased their price objective on CareTrust REIT from $41.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Finally, Citizens Jmp started coverage on CareTrust REIT in a research report on Thursday, January 22nd. They set a “market outperform” rating and a $44.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $42.82.

CareTrust REIT Price Performance

CareTrust REIT stock opened at $37.17 on Thursday. The stock has a 50-day moving average price of $38.76 and a two-hundred day moving average price of $36.89. CareTrust REIT has a 12 month low of $25.82 and a 12 month high of $41.72. The company has a market capitalization of $8.30 billion, a PE ratio of 23.98, a P/E/G ratio of 2.47 and a beta of 0.77. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.22.

CareTrust REIT (NYSE:CTRE) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. CareTrust REIT had a return on equity of 8.98% and a net margin of 67.28%.The company had revenue of $134.86 million for the quarter. CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of CareTrust REIT by 14.1% in the 3rd quarter. Vanguard Group Inc. now owns 32,973,216 shares of the company’s stock valued at $1,143,511,000 after purchasing an additional 4,067,975 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in CareTrust REIT by 108.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,493,898 shares of the company’s stock worth $234,820,000 after buying an additional 3,379,732 shares during the last quarter. Norges Bank acquired a new position in CareTrust REIT in the fourth quarter valued at $114,810,000. Invesco Ltd. lifted its holdings in CareTrust REIT by 201.8% in the second quarter. Invesco Ltd. now owns 3,772,350 shares of the company’s stock valued at $115,434,000 after buying an additional 2,522,260 shares during the period. Finally, Hudson Bay Capital Management LP boosted its position in CareTrust REIT by 713.4% during the third quarter. Hudson Bay Capital Management LP now owns 1,710,528 shares of the company’s stock valued at $59,321,000 after acquiring an additional 1,989,394 shares during 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.