CareTrust REIT Stock: A Deep Dive Into Analyst Perspectives (4 Ratings)
During the last three months, 4 analysts shared their evaluations of CareTrust REIT (NYSE:CTRE), revealing diverse outlooks from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 1 | 3 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 2 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $26.5, a high estimate of $27.00, and a low estimate of $26.00. Observing a 10.42% increase, the current average has risen from the previous average price target of $24.00.
Decoding Analyst Ratings: A Detailed Look
The analysis of recent analyst actions sheds light on the perception of CareTrust REIT by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Omotayo Okusanya | Deutsche Bank | Raises | Hold | $27.00 | $23.00 |
| James Feldman | Wells Fargo | Raises | Equal-Weight | $26.00 | $24.00 |
| Richard Anderson | Wedbush | Announces | Neutral | $26.00 | - |
| Austin Wurschmidt | Keybanc | Raises | Overweight | $27.00 | $25.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to CareTrust REIT. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of CareTrust REIT compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of CareTrust REIT's stock. This examination reveals shifts in analysts' expectations over time.
To gain a panoramic view of CareTrust REIT's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on CareTrust REIT analyst ratings.
Discovering CareTrust REIT: A Closer Look
CareTrust REIT Inc is a self-administered, publicly-traded REIT engaged in the ownership, acquisition, financing, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. The Company has one reportable segment consisting of investments in healthcare-related real estate assets. It generates revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements. The Company generate revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements, under which the tenant is solely responsible for the costs related to the property (including property taxes, insurance, maintenance and repair costs and capital expenditures).
CareTrust REIT: Delving into Financials
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Over the 3 months period, CareTrust REIT showcased positive performance, achieving a revenue growth rate of 15.9% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Real Estate sector.
Net Margin: CareTrust REIT's net margin excels beyond industry benchmarks, reaching 53.55%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): CareTrust REIT's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 1.85%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): CareTrust REIT's ROA excels beyond industry benchmarks, reaching 1.29%. This signifies efficient management of assets and strong financial health.
Debt Management: CareTrust REIT's debt-to-equity ratio is below the industry average at 0.36, reflecting a lower dependency on debt financing and a more conservative financial approach.
Analyst Ratings: Simplified
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.