CareTrust REIT, Inc. (CTRE)
NYSE: CTRE · IEX Real-Time Price · USD
23.81
-0.09 (-0.38%)
At close: Apr 24, 2024, 4:00 PM
23.72
-0.09 (-0.38%)
After-hours: Apr 24, 2024, 7:51 PM EDT
CareTrust REIT Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for CareTrust REIT stock have an average target of 23.67, with a low estimate of 23 and a high estimate of 25. The average target predicts a decrease of -0.59% from the current stock price of 23.81.
Analyst Consensus: Buy
* Price targets were last updated on Jan 31, 2024.
Analyst Ratings
The average analyst rating for CareTrust REIT stock from 6 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 2 | 2 | 2 | 2 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Buy Maintains $25 → $24 | Buy | Maintains | $25 → $24 | +0.80% | Jan 31, 2024 |
| Keybanc | Keybanc | Buy Maintains $22 → $25 | Buy | Maintains | $22 → $25 | +5.00% | Jan 5, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $22 → $23 | Hold | Maintains | $22 → $23 | -3.40% | Nov 27, 2023 |
| Jefferies | Jefferies | Strong Buy Initiates $23 | Strong Buy | Initiates | $23 | -3.40% | Sep 20, 2023 |
| RBC Capital | RBC Capital | Hold → Buy Upgrades $19 → $23 | Hold → Buy | Upgrades | $19 → $23 | -3.40% | Sep 12, 2023 |
Financial Forecast
Revenue This Year
232.43M
from 217.77M
Increased by 6.73%
Revenue Next Year
257.29M
from 232.43M
Increased by 10.70%
EPS This Year
1.06
from 0.50
Increased by 112.98%
EPS Next Year
1.14
from 1.06
Increased by 7.47%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 286.4M | 316.6M | 309.3M |
| Avg | 232.4M | 257.3M | 282.0M |
| Low | 211.2M | 217.5M | 260.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 31.5% | 36.2% | 20.2% |
| Avg | 6.7% | 10.7% | 9.6% |
| Low | -3.0% | -6.4% | 1.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.16 | 1.25 | 1.23 |
| Avg | 1.06 | 1.14 | 1.11 |
| Low | 0.92 | 0.96 | 0.98 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 131.0% | 17.3% | 7.3% |
| Avg | 113.0% | 7.5% | -3.3% |
| Low | 84.2% | -9.8% | -14.4% |
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.