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 shares of CareTrust REIT in a research report issued 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 objective 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.

CareTrust REIT (NASDAQ:CTRE) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate 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 business earned $0.25 EPS.

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

CareTrust REIT Stock Performance

CTRE stock opened at $28.81 on Monday. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 36.46, a PEG ratio of 1.25 and a beta of 1.11. The firm has a 50-day simple moving average of $26.47 and a two-hundred day simple moving average of $28.65. CareTrust REIT has a one year low of $23.26 and a one year high of $33.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.82 and a current ratio of 3.82.

Hedge Funds Weigh In On CareTrust REIT

Several hedge funds and other institutional investors have recently bought and sold shares of CTRE. Advantage Trust Co acquired a new position in CareTrust REIT in the 4th quarter worth approximately $30,000. Versant Capital Management Inc increased its holdings in CareTrust REIT by 98.8% in the 4th quarter. Versant Capital Management Inc now owns 1,495 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 743 shares during the period. Blue Trust Inc. increased its holdings in CareTrust REIT by 50.0% in the 4th quarter. Blue Trust Inc. now owns 1,808 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 603 shares during the period. Quarry LP increased its holdings in CareTrust REIT by 463.5% in the 4th quarter. Quarry LP now owns 1,854 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 1,525 shares during the period. Finally, Glen Eagle Advisors LLC acquired a new position in CareTrust REIT in the 4th quarter worth approximately $56,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

CareTrust REIT Company Profile

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.