CareTrust REIT Inc. (NYSE:CTRE) shares traded -0.30% lower at $19.98 on Wall Street last session.
In accordance with the data, 8 analysts cover CareTrust REIT Inc. (NYSE:CTRE). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $19.00, we find $22.00. Given the previous closing price of $20.04, this indicates a potential upside of 9.78 percent. CTRE stock price is now 1.59% away from the 50-day moving average and 3.22% away from the 200-day moving average. The market capitalization of the company currently stands at $1.96B.
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It has been rated a hold by 4 analysts and a buy by 3. Brokers who have rated the stock have averaged $21.86 as their price target over the next twelve months.
With the price target of $21.50, CapitalOne recently initiated with Equal Weight rating for CareTrust REIT Inc. (NYSE: CTRE). On April 18, 2022, Barclays Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $22 to quote $17, while ‘BMO Capital Markets’ rates the stock as ‘Market Perform’.
Insiders disposed of 143,901 shares of company stock worth roughly $2.88 million over the past 1 year. A total of 1.81% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CTRE stock. A new stake in CareTrust REIT Inc. shares was purchased by BROOKFIELD CORP /ON/ during the first quarter worth $26,143,000. ALYESKA INVESTMENT GROUP, L.P. invested $5,512,000 in shares of CTRE during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in CareTrust REIT Inc. valued at approximately $3,960,000. RVB CAPITAL MANAGEMENT LLC acquired a new stake in CTRE for approximately $1,798,000. TRUVESTMENTS CAPITAL LLC purchased a new stake in CTRE valued at around $1,470,000 in the second quarter. In total, there are 360 active investors with 89.10% ownership of the company’s stock.
CareTrust REIT Inc. (NYSE: CTRE) opened at $20.06 on Monday. During the past 12 months, CareTrust REIT Inc. has had a low of $15.90 and a high of $22.46. The fifty day moving average price for CTRE is $19.67 and a two-hundred day moving average price translates $19.36 for the stock.
The latest earnings results from CareTrust REIT Inc. (NYSE: CTRE) was released for Dec, 2022. According to the REIT – Healthcare Facilities Company, earnings per share came in at $0.01, missing analysts’ expectations of $0.27 by -0.26. This compares to $0.19 EPS in the same period last year. The net profit margin was -4.10% and return on equity was -0.90% for CTRE. The company reported revenue of $51.81 million for the quarter, compared to $49.74 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.17 percent. For the current quarter, analysts expect CTRE to generate $50.39M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/13/2023. Investors who held shares on 12/30/2022 were paid a $0.275 dividend. On an annualized basis, this represents a $1.10 dividend and a 5.51% percent yield. There was an ex-dividend date of 12/29/2022 for this dividend.
CareTrust REIT Inc.(CTRE) Company Profile
CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.
