Q1 Earnings Estimate for CareTrust REIT Issued By Wedbush

CareTrust REIT, Inc. (NASDAQ:CTRE) – Research analysts at Wedbush issued their Q1 2025 earnings estimates for shares of CareTrust REIT in a note issued to investors on Friday, March 14th. Wedbush analyst R. Anderson anticipates that the real estate investment trust will earn $0.42 per share for the quarter. Wedbush currently has a “Underperform” rating and a $26.00 target price on the stock. The consensus estimate for CareTrust REIT’s current full-year earnings is $1.71 per share. Wedbush also issued estimates for CareTrust REIT’s Q2 2025 earnings at $0.42 EPS, Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.43 EPS, FY2025 earnings at $1.69 EPS, Q1 2026 earnings at $0.45 EPS, Q2 2026 earnings at $0.48 EPS, Q3 2026 earnings at $0.50 EPS and Q4 2026 earnings at $0.53 EPS.

Several other analysts have also commented on the stock. Wells Fargo & Company cut their target price on shares of CareTrust REIT from $34.00 to $31.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Royal Bank of Canada cut their target price on shares of CareTrust REIT from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. BMO Capital Markets lowered shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and cut their target price for the company from $34.00 to $32.00 in a research note on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft raised shares of CareTrust REIT from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, CareTrust REIT has a consensus rating of “Moderate Buy” and a consensus price target of $31.00.

CareTrust REIT Trading Up 2.3 %

Shares of NASDAQ:CTRE opened at $28.35 on Monday. CareTrust REIT has a twelve month low of $23.26 and a twelve month high of $33.15. The firm has a market cap of $5.32 billion, a P/E ratio of 35.89, a P/E/G ratio of 1.25 and a beta of 1.11. The company has a 50 day moving average of $26.42 and a 200-day moving average of $28.66. The company has a current ratio of 3.82, a quick ratio of 3.82 and a debt-to-equity ratio of 0.14.

CareTrust REIT (NASDAQ:CTRE) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter last year, the business earned $0.25 earnings per share.

Institutional Investors Weigh In On CareTrust REIT

Several hedge funds have recently made changes to their positions in CTRE. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of CareTrust REIT by 6.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 167,608 shares of the real estate investment trust’s stock valued at $5,172,000 after acquiring an additional 10,460 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of CareTrust REIT by 7.2% in the 3rd quarter. Victory Capital Management Inc. now owns 835,506 shares of the real estate investment trust’s stock valued at $25,784,000 after acquiring an additional 56,015 shares in the last quarter. KBC Group NV lifted its position in shares of CareTrust REIT by 32.6% in the 3rd quarter. KBC Group NV now owns 3,534 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 869 shares in the last quarter. Metis Global Partners LLC lifted its position in shares of CareTrust REIT by 40.7% in the 3rd quarter. Metis Global Partners LLC now owns 15,878 shares of the real estate investment trust’s stock valued at $490,000 after acquiring an additional 4,597 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in shares of CareTrust REIT in the 3rd quarter valued at approximately $238,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

CareTrust REIT Company Profile

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.