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

CareTrust REIT (NYSE:CTRE) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.000-2.040 for the period. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. UBS Group increased their price target on CareTrust REIT from $44.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Weiss Ratings raised CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, January 26th. Zacks Research cut CareTrust REIT from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 25th. Citizens Jmp initiated coverage on CareTrust REIT in a report on Thursday, January 22nd. They issued a “market outperform” rating and a $44.00 target price on the stock. Finally, Mizuho assumed coverage on CareTrust REIT in a research report on Thursday, April 2nd. They issued an “outperform” rating and a $42.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, CareTrust REIT has a consensus rating of “Buy” and an average price target of $42.82.

CareTrust REIT Stock Performance

NYSE CTRE traded down $0.01 on Thursday, reaching $39.47. 2,164,327 shares of the stock were exchanged, compared to its average volume of 1,826,798. 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 has a one year low of $27.72 and a one year high of $41.72. The firm has a market capitalization of $8.81 billion, a PE ratio of 25.46, a PEG ratio of 2.64 and a beta of 0.77. The company’s 50-day simple moving average is $38.97 and its two-hundred day simple moving average is $37.69.

CareTrust REIT (NYSE:CTRE) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. CareTrust REIT had a net margin of 67.28% and a return on equity of 8.98%. The firm had revenue of $134.86 million during the quarter. CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS. Analysts expect that CareTrust REIT will post 1.98 EPS for the current fiscal year.

CareTrust REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.0%. This is a positive change from CareTrust REIT’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Tuesday, March 31st. CareTrust REIT’s dividend payout ratio is currently 86.45%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CTRE. Mangrove Partners IM LLC purchased a new position in shares of CareTrust REIT in the fourth quarter worth $255,000. Smartleaf Asset Management LLC grew its stake in CareTrust REIT by 11.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 6,732 shares of the company’s stock valued at $249,000 after acquiring an additional 714 shares in the last quarter. VARCOV Co. bought a new stake in CareTrust REIT in the 4th quarter valued at $227,000. Arkadios Wealth Advisors bought a new stake in CareTrust REIT in the 4th quarter valued at $220,000. Finally, Brevan Howard Capital Management LP purchased a new stake in CareTrust REIT in the 2nd quarter worth $204,000. 87.77% of the stock is currently owned by institutional investors.

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.