JPMorgan Chase & Co. Begins Coverage on CareTrust REIT (NYSE:CTRE)

Stock analysts at JPMorgan Chase & Co. assumed coverage on shares of CareTrust REIT (NYSE:CTRE) in a note issued to investors on Friday, Briefing.com reports. The brokerage set a “neutral” rating and a $41.00 price target on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 12.04% from the stock’s previous close.

CTRE has been the subject of several other research reports. Huntington began coverage on CareTrust REIT in a research note on Thursday, September 10th. They set an “outperform” rating and a $44.00 target price for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $43.00 price target on shares of CareTrust REIT in a research report on Monday, October 5th. Cantor Fitzgerald upped their price target on CareTrust REIT from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Wells Fargo & Company cut their price target on CareTrust REIT from $47.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, September 1st. Finally, Wedbush set a $44.00 price objective on CareTrust REIT in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, CareTrust REIT has a consensus rating of “Moderate Buy” and a consensus price target of $43.71.

CareTrust REIT Stock Up 0.8%

CTRE stock opened at $36.59 on Friday. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 1.42 and a beta of 0.75. The company has a 50-day moving average of $38.24 and a two-hundred day moving average of $39.32. CareTrust REIT has a 52-week low of $33.30 and a 52-week high of $43.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.57 and a quick ratio of 0.57.

CareTrust REIT (NYSE:CTRE) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. CareTrust REIT had a return on equity of 8.52% and a net margin of 62.19%. The business had revenue of $161.35 million for the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. As a group, equities research analysts anticipate that CareTrust REIT will post 2.07 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Kestra Private Wealth Services LLC grew its position in CareTrust REIT by 1.1% during the first quarter. Kestra Private Wealth Services LLC now owns 27,684 shares of the company’s stock worth $1,015,000 after buying an additional 297 shares in the last quarter. Anchor Investment Management LLC increased its stake in CareTrust REIT by 4.3% during the second quarter. Anchor Investment Management LLC now owns 7,260 shares of the company’s stock valued at $293,000 after acquiring an additional 297 shares during the period. Farther Finance Advisors LLC raised its holdings in CareTrust REIT by 6.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,330 shares of the company’s stock valued at $195,000 after acquiring an additional 303 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in CareTrust REIT by 1.0% in the 1st quarter. IFM Investors Pty Ltd now owns 36,608 shares of the company’s stock valued at $1,342,000 after acquiring an additional 345 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in CareTrust REIT by 1.0% in the 2nd quarter. NewEdge Advisors LLC now owns 37,934 shares of the company’s stock valued at $1,531,000 after acquiring an additional 362 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

CareTrust REIT Company Profile

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.