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

CareTrust REIT (NYSE:CTRE) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.030-2.060 for the period. The company issued revenue guidance of -.

CareTrust REIT Price Performance

CareTrust REIT stock traded up $0.10 on Thursday, reaching $41.24. The company’s stock had a trading volume of 1,702,578 shares, compared to its average volume of 2,090,030. The business’s fifty day moving average price is $40.11 and its 200 day moving average price is $39.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.37 and a current ratio of 2.38. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 1.85 and a beta of 0.75. CareTrust REIT has a twelve month low of $31.92 and a twelve month high of $43.62.

CareTrust REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.39 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.56 annualized dividend and a yield of 3.8%. CareTrust REIT’s dividend payout ratio is 100.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CTRE shares. BMO Capital Markets increased their price objective on shares of CareTrust REIT from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Weiss Ratings upgraded shares of CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday. Raymond James Financial assumed coverage on shares of CareTrust REIT in a research note on Tuesday, June 16th. They set an “outperform” rating and a $43.00 price target on the stock. Wells Fargo & Company raised their price target on shares of CareTrust REIT from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, Citigroup restated a “market outperform” rating on shares of CareTrust REIT in a research report on Wednesday, June 10th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $44.82.

Institutional Investors Weigh In On CareTrust REIT

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its holdings in CareTrust REIT by 36.4% during the 1st quarter. Royal Bank of Canada now owns 179,501 shares of the company’s stock worth $5,129,000 after acquiring an additional 47,936 shares during the period. NewEdge Advisors LLC boosted its position in shares of CareTrust REIT by 11.3% in the 1st quarter. NewEdge Advisors LLC now owns 33,628 shares of the company’s stock worth $961,000 after purchasing an additional 3,408 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of CareTrust REIT by 134.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock worth $34,000 after purchasing an additional 644 shares during the last quarter. First Trust Advisors LP grew its stake in shares of CareTrust REIT by 67.6% during the second quarter. First Trust Advisors LP now owns 245,154 shares of the company’s stock worth $7,502,000 after purchasing an additional 98,850 shares during the period. Finally, Cerity Partners LLC grew its stake in shares of CareTrust REIT by 310.1% during the second quarter. Cerity Partners LLC now owns 36,640 shares of the company’s stock worth $1,121,000 after purchasing an additional 27,706 shares during the period. 87.77% of the stock is 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.