CareTrust REIT Holds Sector Perform Rating Amid Mixed Analyst Views
CareTrust REIT (NYSE: CTRE) has maintained its "sector perform" rating from Royal Bank of Canada, according to a recent research note. The bank has set a target price of $43.00 for the stock, suggesting a potential upside of 17.89% from its previous close.
Other analysts have offered varying opinions on CareTrust REIT. Citigroup reaffirmed a "market outperform" rating, while Cantor Fitzgerald raised its target price to $43.00 with a "neutral" rating. Raymond James Financial kept an "outperform" rating with a $42.00 target price, and Wells Fargo & Company adjusted its price objective to $44.00 with an "overweight" rating. KeyCorp also reiterated an "overweight" rating. Overall, the stock has an average "Moderate Buy" rating with a consensus price target of $44.25.
CareTrust REIT's stock saw a slight increase of $0.18 during mid-day trading on Monday, reaching $36.48. The company has a market cap of $8.62 billion and reported quarterly earnings of $0.51 per share, meeting analysts' estimates. The firm has set its FY 2026 guidance at 2.030-2.060 EPS.
Institutional investors have shown significant interest in CareTrust REIT. BlackRock Inc. acquired a new position worth approximately $1,643,290,000 during the second quarter. Other notable investors include Deutsche Bank AG, Bank of New York Mellon Corp, and UBS AM. Currently, 87.77% of the stock is owned by institutional investors and hedge funds.