Analysts Offer Predictions for CareTrust REIT Q1 Earnings

CareTrust REIT, Inc. (NASDAQ:CTRE) – Equities research analysts at Wedbush issued their Q1 2025 earnings per share estimates for CareTrust REIT in a note issued to investors on Friday, March 14th. Wedbush analyst R. Anderson expects that the real estate investment trust will post earnings per share of $0.42 for the quarter. 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. 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.

A number of other equities research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded CareTrust REIT from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Thursday, March 13th. Royal Bank of Canada decreased their price objective on CareTrust REIT from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Wells Fargo & Company decreased their price objective on CareTrust REIT from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Finally, BMO Capital Markets downgraded CareTrust REIT from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $34.00 to $32.00 in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, CareTrust REIT currently has an average rating of “Moderate Buy” and an average price target of $31.00.

CareTrust REIT Trading Up 0.3 %

NASDAQ CTRE opened at $28.89 on Monday. The stock’s 50-day simple moving average is $26.52 and its two-hundred day simple moving average is $28.65. CareTrust REIT has a twelve month low of $23.26 and a twelve month high of $33.15. The company has a quick ratio of 3.82, a current ratio of 3.82 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 1.25 and a beta of 1.11.

CareTrust REIT (NASDAQ:CTRE) last posted 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 net margin of 42.22% and a return on equity of 5.59%. During the same period in the prior year, the business posted $0.25 EPS.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System boosted its position in CareTrust REIT by 9.0% during the 4th quarter. California State Teachers Retirement System now owns 146,482 shares of the real estate investment trust’s stock valued at $3,962,000 after acquiring an additional 12,061 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in CareTrust REIT during the 4th quarter valued at approximately $204,000. Mackenzie Financial Corp boosted its position in shares of CareTrust REIT by 254.3% in the 4th quarter. Mackenzie Financial Corp now owns 73,151 shares of the real estate investment trust’s stock worth $1,979,000 after purchasing an additional 52,502 shares in the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of CareTrust REIT in the 4th quarter worth approximately $76,000. Finally, Public Employees Retirement System of Ohio boosted its position in shares of CareTrust REIT by 20.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 265,772 shares of the real estate investment trust’s stock worth $7,189,000 after purchasing an additional 45,262 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

CareTrust REIT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 4.64%. This is an increase from CareTrust REIT’s previous quarterly dividend of $0.29. CareTrust REIT’s payout ratio is currently 146.84%.

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.