Streetbeat News

CTRE

CareTrust REIT, Inc.

https://www.caretrustreit.com

Industry

REIT - Healthcare Facilities

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.

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Four analysts have recently evaluated CareTrust REIT (NYSE:CTRE), with ratings ranging from somewhat bullish to indifferent. The average 12-month price target has increased by 11.47% to $27.5. Analysts from RBC Capital, Deutsche Bank, Wells Fargo, and Wedbush have raised their price targets, reflecting a positive sentiment shift. CareTrust REIT has shown strong revenue growth and net margin, but its ROE is below industry benchmarks.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 3:00 pm

RBC Capital analyst Michael Carroll has maintained an 'Outperform' rating on CareTrust REIT (NYSE:CTRE) and increased the price target from $27 to $31.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 2:54 pm

CareTrust REIT (NASDAQ:CTRE) reported Q2 2024 earnings per share of $0.36, meeting analyst expectations. The company also reported sales of $68.891 million, surpassing the analyst estimate of $54.220 million by 27.06%, and marking a 33.63% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 7:42 am

CareTrust REIT (NYSE:CTRE) has received mixed analyst ratings over the past three months, with 1 somewhat bullish and 3 indifferent ratings. Analysts have raised their 12-month price targets, with an average target of $26.5, up from $24.0. The company's financials show strong revenue growth, net margin, ROE, and ROA, with a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 12:00 pm

Deutsche Bank analyst Omotayo Okusanya maintains a Hold rating on CareTrust REIT (NYSE:CTRE) and raises the price target from $23 to $27.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 11:43 am

CareTrust REIT, Inc. (NYSE:CTRE) has funded $90 million of a senior mortgage loan for the acquisition of an 8-facility skilled nursing portfolio in the Southeastern United States. The portfolio includes 1,011 skilled nursing beds and 150 assisted living beds, and operations were taken over by a regional healthcare real estate owner on June 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 7:30 am

Wells Fargo analyst James Feldman maintains an Equal-Weight rating on CareTrust REIT (NYSE:CTRE) and raises the price target from $24 to $26.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:12 pm

Wedbush has initiated coverage on CareTrust REIT (NYSE:CTRE) with a Neutral rating and set a price target of $26.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 12:19 pm

Keybanc analyst Austin Wurschmidt has maintained an Overweight rating on CareTrust REIT (NYSE:CTRE) and increased the price target from $25 to $27.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:22 pm

CareTrust REIT projects its FY24 Normalized Funds From Operations (FFO) to be in the range of $1.42 to $1.44.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:34 pm

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