BMO Capital Markets Cuts CareTrust REIT (NYSE:CTRE) Price Target to $45.00

CareTrust REIT (NYSE:CTRE) had its price objective decreased by BMO Capital Markets from $47.00 to $45.00 in a research note issued to investors on Monday morning, MarketBeat.com reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other brokerages have also recently commented on CTRE. KeyCorp reiterated an “overweight” rating on shares of CareTrust REIT in a research report on Wednesday, September 16th. Wells Fargo & Company lowered their price target on shares of CareTrust REIT from $47.00 to $44.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 1st. Weiss Ratings raised shares of CareTrust REIT from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, September 25th. Cantor Fitzgerald increased their price objective on shares of CareTrust REIT from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada lowered shares of CareTrust REIT from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $44.00 to $43.00 in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $44.25.

CareTrust REIT Stock Down 1.9%

Shares of CTRE opened at $35.86 on Monday. 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 has a one year low of $32.79 and a one year high of $43.62. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.43 and a beta of 0.75. The stock has a 50 day moving average price of $38.85 and a 200 day moving average price of $39.36.

CareTrust REIT (NYSE:CTRE) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $161.35 million during 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. Equities research analysts forecast that CareTrust REIT will post 2.07 earnings per share for the current fiscal year.

CareTrust REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Wednesday, September 30th. CareTrust REIT’s payout ratio is currently 98.11%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Moody National Bank Trust Division increased its position in CareTrust REIT by 3.2% during the third quarter. Moody National Bank Trust Division now owns 39,327 shares of the company’s stock worth $1,439,000 after purchasing an additional 1,230 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in CareTrust REIT by 30.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 22,148 shares of the company’s stock worth $894,000 after purchasing an additional 5,128 shares during the period. Anchor Investment Management LLC boosted its holdings in CareTrust REIT by 4.3% in the 2nd quarter. Anchor Investment Management LLC now owns 7,260 shares of the company’s stock valued at $293,000 after purchasing an additional 297 shares during the last quarter. Tidal Investments LLC boosted its holdings in CareTrust REIT by 365.9% in the 2nd quarter. Tidal Investments LLC now owns 85,678 shares of the company’s stock valued at $3,457,000 after purchasing an additional 67,290 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in CareTrust REIT in the 2nd quarter valued at about $751,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

About CareTrust REIT

CareTrust REIT, Inc is a real estate investment trust that owns, acquires, develops, and leases healthcare-related properties. Its portfolio is primarily focused on skilled nursing facilities, assisted living communities, and other post-acute care properties operated by third-party healthcare providers.

The company generally leases its properties under long-term agreements, including triple-net leases, under which tenants are typically responsible for property-level expenses such as taxes, insurance, and maintenance.