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.

Open

30.50

Mkt cap

5.7B

Volume

913K

High

30.63

P/E Ratio

41.47

52-wk high

33.15

Low

30.17

Div yield

0.04

52-wk low

20.10

Keybanc analyst Austin Wurschmidt has maintained an Overweight rating on CareTrust REIT (NYSE:CTRE) and raised the price target from $27 to $34.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 2:07 pm

BMO Capital has maintained an 'Outperform' rating on CareTrust REIT and raised its price target from $33 to $34, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 12:18 pm

CareTrust REIT, Inc. (NYSE:CTRE) has acquired a 4-facility skilled nursing portfolio in the Mid-Atlantic for $74.7 million, enhancing its operator relationships. The acquisition was funded with cash on hand, and the company is actively pursuing further investments.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 9:12 am

Wells Fargo has upgraded CareTrust REIT (NYSE:CTRE) from Equal-Weight to Overweight and increased its price target from $28 to $34.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 2:39 pm

CareTrust REIT has acquired two skilled nursing facilities for a total of $62.1 million. The company has $221 million in cash and initiated a $750 million ATM program.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 9:34 pm

CareTrust REIT has filed with the SEC for a common stock offering of up to $750 million. This move could impact the company's stock price and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 8:28 pm

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

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