CareTrust REIT, Inc. (CTRE)
NYSE: CTRE · IEX Real-Time Price · USD
25.35
+0.21 (0.84%)
At close: Jul 2, 2024, 4:00 PM
25.50
+0.15 (0.59%)
After-hours: Jul 2, 2024, 7:11 PM EDT
CareTrust REIT Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for CareTrust REIT stock have an average target of 24.78, with a low estimate of 23 and a high estimate of 27. The average target predicts a decrease of -2.25% from the current stock price of 25.35.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for CareTrust REIT stock from 9 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 1 | 1 | 1 | 3 | 3 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 8 | 8 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Deutsche Bank | Deutsche Bank | Hold Maintains $23 → $27 | Hold | Maintains | $23 → $27 | +6.51% | Jul 1, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $24 → $26 | Hold | Maintains | $24 → $26 | +2.56% | May 30, 2024 |
| Wedbush | Wedbush | Hold Initiates $26 | Hold | Initiates | $26 | +2.56% | May 29, 2024 |
| Keybanc | Keybanc | Buy Maintains $25 → $27 | Buy | Maintains | $25 → $27 | +6.51% | May 9, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $25 → $24 | Buy | Maintains | $25 → $24 | -5.33% | Jan 31, 2024 |
Financial Forecast
Revenue This Year
237.09M
from 217.77M
Increased by 8.87%
Revenue Next Year
258.25M
from 237.09M
Increased by 8.92%
EPS This Year
1.04
from 0.50
Increased by 108.90%
EPS Next Year
1.17
from 1.04
Increased by 12.11%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 288.5M | 322.0M | 322.0M |
| Avg | 237.1M | 258.3M | 297.6M |
| Low | 208.5M | 213.9M | 271.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 32.5% | 35.8% | 24.7% |
| Avg | 8.9% | 8.9% | 15.2% |
| Low | -4.2% | -9.8% | 5.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.11 | 1.26 | 1.22 |
| Avg | 1.04 | 1.17 | 1.18 |
| Low | 0.98 | 1.07 | 1.14 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 122.6% | 20.6% | 4.0% |
| Avg | 108.9% | 12.1% | 1.0% |
| Low | 96.0% | 2.3% | -2.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.