What is Wedbush’s Forecast for CareTrust REIT Q1 Earnings?

CareTrust REIT, Inc. (NASDAQ:CTRE) – Research analysts at Wedbush issued their Q1 2025 EPS estimates for CareTrust REIT in a report released on Friday, March 14th. Wedbush analyst R. Anderson expects that the real estate investment trust will earn $0.42 per share for the quarter. Wedbush has a “Underperform” rating and a $26.00 price target on the stock. The consensus estimate for CareTrust REIT’s current full-year earnings is $1.71 per share. Wedbush also issued estimates for CareTrust REIT’s Q2 2025 earnings at $0.42 EPS, Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.43 EPS, FY2025 earnings at $1.69 EPS, Q1 2026 earnings at $0.45 EPS, Q2 2026 earnings at $0.48 EPS, Q3 2026 earnings at $0.50 EPS and Q4 2026 earnings at $0.53 EPS.

CTRE has been the topic of a number of other research reports. BMO Capital Markets cut shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $34.00 to $32.00 in a research report on Monday, December 9th. Royal Bank of Canada cut their price objective on shares of CareTrust REIT from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Wells Fargo & Company cut their price objective on shares of CareTrust REIT from $34.00 to $31.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of CareTrust REIT from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Thursday, March 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

CareTrust REIT Trading Up 1.4 %

CTRE stock opened at $28.81 on Monday. The company has a quick ratio of 3.82, a current ratio of 3.82 and a debt-to-equity ratio of 0.14. CareTrust REIT has a twelve month low of $23.26 and a twelve month high of $33.15. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 36.46, a price-to-earnings-growth ratio of 1.25 and a beta of 1.11. The firm’s fifty day simple moving average is $26.47 and its two-hundred day simple moving average is $28.65.

CareTrust REIT (NASDAQ:CTRE) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12). CareTrust REIT had a net margin of 42.22% and a return on equity of 5.59%. During the same quarter in the previous year, the company posted $0.25 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CTRE. Advantage Trust Co bought a new position in CareTrust REIT during the 4th quarter worth about $30,000. Versant Capital Management Inc grew its holdings in CareTrust REIT by 98.8% during the 4th quarter. Versant Capital Management Inc now owns 1,495 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 743 shares in the last quarter. Blue Trust Inc. grew its holdings in CareTrust REIT by 50.0% during the 4th quarter. Blue Trust Inc. now owns 1,808 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 603 shares in the last quarter. Quarry LP grew its holdings in CareTrust REIT by 463.5% during the 4th quarter. Quarry LP now owns 1,854 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,525 shares in the last quarter. Finally, Glen Eagle Advisors LLC bought a new position in CareTrust REIT during the 4th quarter worth about $56,000. 87.77% of the stock is currently owned by institutional investors.

About CareTrust REIT

CareTrust REIT, Inc’s (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas.