FY2025 EPS Estimates for CareTrust REIT Decreased by Wedbush

CareTrust REIT, Inc. (NASDAQ:CTRE) – Analysts at Wedbush dropped their FY2025 earnings per share estimates for CareTrust REIT in a report issued on Tuesday, February 18th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings of $1.71 per share for the year, down from their previous estimate of $1.72. Wedbush has a “Underperform” rating and a $26.00 price target on the stock. The consensus estimate for CareTrust REIT’s current full-year earnings is $1.71 per share.

CareTrust REIT (NASDAQ:CTRE) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.12). CareTrust REIT had a return on equity of 5.59% and a net margin of 42.22%. During the same period last year, the firm earned $0.25 EPS.

CTRE has been the subject of a number of other reports. Royal Bank of Canada cut their price target on CareTrust REIT from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Friday. BMO Capital Markets cut CareTrust REIT from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $34.00 to $32.00 in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.83.

CareTrust REIT Stock Performance

Shares of CTRE stock opened at $24.90 on Thursday. The stock has a fifty day moving average price of $26.73 and a 200 day moving average price of $28.86. The stock has a market cap of $4.67 billion, a PE ratio of 31.51, a P/E/G ratio of 1.26 and a beta of 1.09. CareTrust REIT has a 1 year low of $22.46 and a 1 year high of $33.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.82 and a current ratio of 3.82.

CareTrust REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date was Tuesday, December 31st. CareTrust REIT’s dividend payout ratio is currently 146.84%.

Institutional Investors Weigh In On CareTrust REIT

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quantinno Capital Management LP grew its position in shares of CareTrust REIT by 2.3% in the fourth quarter. Quantinno Capital Management LP now owns 17,482 shares of the real estate investment trust’s stock valued at $473,000 after purchasing an additional 385 shares during the period. Signaturefd LLC grew its position in shares of CareTrust REIT by 20.3% in the fourth quarter. Signaturefd LLC now owns 2,628 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 443 shares during the period. CWM LLC grew its position in shares of CareTrust REIT by 16.8% in the third quarter. CWM LLC now owns 3,244 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 467 shares during the period. WealthShield Partners LLC grew its position in shares of CareTrust REIT by 1.0% in the fourth quarter. WealthShield Partners LLC now owns 49,119 shares of the real estate investment trust’s stock valued at $1,343,000 after purchasing an additional 490 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of CareTrust REIT by 4.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,384 shares of the real estate investment trust’s stock valued at $308,000 after purchasing an additional 534 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

About CareTrust REIT

CareTrust REIT, Inc’s (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas.