CareTrust REIT (CTRE) Stock Forecast, Price Target & Predictions
CTRE Stock Forecast
CareTrust REIT stock forecast is as follows: an average price target of $25.50 (represents a -16.83% downside from CTRE’s last price of $30.66) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.
CTRE Price Target
The average price target for CareTrust REIT (CTRE) is $25.50 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $27.00 to $23.00. This represents a potential -16.83% downside from CTRE's last price of $30.66.
CTRE Analyst Ratings
According to 7 Wall Street analysts, CareTrust REIT's rating consensus is 'Buy'. The analyst rating breakdown for CTRE stock is 1 'Strong Buy' (14.29%), 4 'Buy' (57.14%), 2 'Hold' (28.57%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
CareTrust REIT Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 01, 2024 | Omotayo Okusanya | Deutsche Bank | $27.00 | $25.10 | 7.57% | -11.94% |
| Jun 21, 2024 | Amanda Sweiter | Robert W. Baird | $26.00 | $24.88 | 4.52% | -15.20% |
| May 29, 2024 | Richard Anderson | Wedbush | $26.00 | $25.21 | 3.13% | -15.20% |
| May 09, 2024 | Jordan Sadler | KeyBanc | $27.00 | $24.66 | 9.51% | -11.94% |
| Sep 12, 2023 | Michael Carroll | RBC Capital | $23.00 | $20.28 | 13.41% | -24.98% |
| Dec 06, 2022 | - | Raymond James | $24.00 | $19.86 | 20.85% | -21.72% |
The latest CareTrust REIT stock forecast, released on Jul 01, 2024 by Omotayo Okusanya from Deutsche Bank, set a price target of $27.00, which represents a 7.57% increase from the stock price at the time of the forecast ($25.10), and a -11.94% decrease from CTRE last price ($30.66).
CareTrust REIT Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 4 |
| Avg Price Target | - | - | $26.50 |
| Last Closing Price | $30.66 | $30.66 | $30.66 |
| Upside/Downside | -100.00% | -100.00% | -13.57% |
In the current month, the average price target of CareTrust REIT stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to CareTrust REIT's last price of $30.66. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 07, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Oct 07, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Oct 01, 2024 | Wells Fargo | - | Overweight | Upgrade |
| Aug 22, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Jul 01, 2024 | Deutsche Bank | Hold | Hold | Hold |
| May 29, 2024 | Wedbush | - | Neutral | Initialise |
| May 09, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Sep 12, 2023 | RBC Capital | - | Outperform | Upgrade |
| Aug 16, 2023 | BMO Capital | - | Outperform | Upgrade |
| Dec 06, 2022 | Raymond James | Strong Buy | Strong Buy | Hold |
CareTrust REIT's last stock rating was published by BMO Capital on Oct 07, 2024. The company gave CTRE a "Outperform" rating, the same as its previous rate.
CareTrust REIT Financial Forecast
CareTrust REIT Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $59.73M | $55.88M | $51.55M | $46.16M | $47.67M | $47.02M | $46.81M | $46.01M | $49.12M | $48.09M | $47.74M | $45.25M | $43.81M | $45.67M | $43.12M | $43.09M | $42.33M | $32.51M |
| Avg Forecast | $84.55M | $81.50M | $78.30M | $75.50M | $65.91M | $64.15M | $62.42M | $60.59M | $58.65M | $56.56M | $53.87M | $55.58M | $51.62M | $51.18M | $49.36M | $50.39M | $49.44M | $48.47M | $47.42M | $47.38M | $48.69M | $48.31M | $47.80M | $44.73M | $44.33M | $42.53M | $42.20M | $42.57M | $40.78M | $43.84M |
| High Forecast | $92.43M | $89.10M | $85.60M | $82.54M | $72.05M | $70.13M | $68.23M | $68.25M | $62.66M | $57.10M | $53.87M | $55.95M | $53.15M | $55.12M | $53.96M | $55.09M | $54.05M | $48.47M | $47.42M | $47.38M | $48.69M | $48.31M | $47.80M | $44.73M | $44.33M | $42.53M | $42.20M | $42.57M | $40.78M | $43.84M |
| Low Forecast | $74.91M | $72.20M | $69.37M | $66.89M | $58.39M | $56.83M | $55.30M | $52.93M | $51.86M | $56.02M | $53.87M | $55.22M | $48.62M | $47.13M | $43.73M | $44.64M | $43.80M | $48.47M | $47.42M | $47.38M | $48.69M | $48.31M | $47.80M | $44.73M | $44.33M | $42.53M | $42.20M | $42.57M | $40.78M | $43.84M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 2 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 6 | 4 | 4 | 7 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.16% | 1.09% | 1.04% | 0.92% | 0.96% | 0.97% | 0.99% | 0.97% | 1.01% | 1.00% | 1.00% | 1.01% | 0.99% | 1.07% | 1.02% | 1.01% | 1.04% | 0.74% |
CareTrust REIT's average Quarter revenue forecast for Mar 24 based on 2 analysts is $55.58M, with a low forecast of $55.22M, and a high forecast of $55.95M. CTRE's average Quarter revenue forecast represents a -6.95% decrease compared to the company's last Quarter revenue of $59.73M (Dec 23).
CareTrust REIT EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 2 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 6 | 4 | 4 | 7 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $60.02M | $60.41M | $38.28M | $43.72M | $45.33M | $40.65M | $41.25M | $35.57M | $38.02M | $31.59M | $41.71M | $39.73M | $39.92M | $40.17M | $38.04M | $39.21M | $40.66M | $10.45M |
| Avg Forecast | $75.95M | $73.21M | $70.34M | $67.82M | $59.21M | $57.63M | $56.07M | $54.43M | $52.69M | $50.81M | $48.40M | $-76.16M | $46.37M | $45.97M | $44.34M | $-81.46M | $41.82M | $43.06M | $42.13M | $-87.12M | $43.26M | $42.92M | $42.47M | $41.54M | $39.39M | $37.79M | $37.49M | $37.83M | $36.23M | $38.95M |
| High Forecast | $83.04M | $80.04M | $76.90M | $74.15M | $64.73M | $63.00M | $61.30M | $61.31M | $56.29M | $51.29M | $48.40M | $-60.93M | $47.75M | $49.51M | $48.48M | $-65.17M | $50.18M | $43.06M | $42.13M | $-69.70M | $43.26M | $42.92M | $42.47M | $49.85M | $39.39M | $37.79M | $37.49M | $37.83M | $36.23M | $38.95M |
| Low Forecast | $67.29M | $64.86M | $62.32M | $60.09M | $52.45M | $51.06M | $49.67M | $47.55M | $46.59M | $50.33M | $48.40M | $-91.39M | $43.68M | $42.34M | $39.29M | $-97.75M | $33.45M | $43.06M | $42.13M | $-104.54M | $43.26M | $42.92M | $42.47M | $33.23M | $39.39M | $37.79M | $37.49M | $37.83M | $36.23M | $38.95M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.29% | 1.31% | 0.86% | -0.54% | 1.08% | 0.94% | 0.98% | -0.41% | 0.88% | 0.74% | 0.98% | 0.96% | 1.01% | 1.06% | 1.01% | 1.04% | 1.12% | 0.27% |
2 analysts predict CTRE's average Quarter EBITDA for Mar 24 to be $-76.16M, with a high of $-60.93M and a low of $-91.39M. This is -226.90% lower than CareTrust REIT's previous annual EBITDA (Dec 23) of $60.02M.
CareTrust REIT Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 2 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 6 | 4 | 4 | 7 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $26.30M | $8.70M | $-484.00K | $19.23M | $4.77M | $-7.65M | $14.37M | $-49.01M | $12.57M | $11.92M | $21.32M | $20.49M | $21.05M | $21.55M | $18.93M | $19.32M | $20.66M | $-10.05M |
| Avg Forecast | $60.74M | $59.14M | $59.14M | $55.95M | $54.35M | $53.28M | $52.22M | $50.62M | $49.87M | $46.36M | $41.30M | $-137.71M | $37.99M | $37.03M | $35.57M | $-147.28M | $20.09M | $34.14M | $31.23M | $-157.52M | $35.95M | $29.05M | $32.68M | $21.42M | $31.96M | $28.57M | $27.60M | $21.08M | $24.69M | $21.43M |
| High Forecast | $68.11M | $66.31M | $66.31M | $62.73M | $60.94M | $59.74M | $58.55M | $56.75M | $55.92M | $47.40M | $41.33M | $-110.17M | $40.10M | $38.64M | $39.88M | $-117.83M | $24.10M | $34.14M | $31.23M | $-126.02M | $35.95M | $29.05M | $32.68M | $25.70M | $31.96M | $28.57M | $27.60M | $25.30M | $24.69M | $21.43M |
| Low Forecast | $51.74M | $50.38M | $50.38M | $47.65M | $46.29M | $45.38M | $44.48M | $49.44M | $42.48M | $45.32M | $41.27M | $-165.25M | $36.93M | $35.42M | $30.29M | $-176.74M | $16.07M | $34.14M | $31.23M | $-189.02M | $35.95M | $29.05M | $32.68M | $17.13M | $31.96M | $28.57M | $27.60M | $16.87M | $24.69M | $21.43M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.69% | 0.23% | -0.01% | -0.13% | 0.24% | -0.22% | 0.46% | 0.31% | 0.35% | 0.41% | 0.65% | 0.96% | 0.66% | 0.75% | 0.69% | 0.92% | 0.84% | -0.47% |
CareTrust REIT's average Quarter net income forecast for Mar 24 is $-137.71M, with a range of $-165.25M to $-110.17M. CTRE's average Quarter net income forecast represents a -623.68% decrease compared to the company's last Quarter net income of $26.30M (Dec 23).
CareTrust REIT SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 2 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 6 | 4 | 4 | 7 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $6.51M | $5.52M | $4.72M | $5.06M | $4.81M | $5.16M | $4.98M | $5.21M | $10.74M | $5.20M | $5.80M | $18.61M | $16.66M | $17.19M | $18.00M | $17.21M | $16.80M | $18.00M |
| Avg Forecast | $9.08M | $8.75M | $8.41M | $8.11M | $7.08M | $6.89M | $6.70M | $6.51M | $6.30M | $6.08M | $5.79M | $16.60M | $5.54M | $5.50M | $5.30M | $17.75M | $11.81M | $5.30M | $5.19M | $18.99M | $5.32M | $5.28M | $5.23M | $19.46M | $4.85M | $4.65M | $4.61M | $18.78M | $4.46M | $4.79M |
| High Forecast | $9.93M | $9.57M | $9.19M | $8.87M | $7.74M | $7.53M | $7.33M | $7.33M | $6.73M | $6.13M | $5.79M | $19.92M | $5.71M | $5.92M | $5.80M | $21.30M | $14.17M | $5.30M | $5.19M | $22.78M | $5.32M | $5.28M | $5.23M | $23.35M | $4.85M | $4.65M | $4.61M | $22.53M | $4.46M | $4.79M |
| Low Forecast | $8.05M | $7.76M | $7.45M | $7.18M | $6.27M | $6.10M | $5.94M | $5.69M | $5.57M | $6.02M | $5.79M | $13.28M | $5.22M | $5.06M | $4.70M | $14.20M | $9.45M | $5.30M | $5.19M | $15.19M | $5.32M | $5.28M | $5.23M | $15.57M | $4.85M | $4.65M | $4.61M | $15.02M | $4.46M | $4.79M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.17% | 1.00% | 0.89% | 0.29% | 0.41% | 0.97% | 0.96% | 0.27% | 2.02% | 0.98% | 1.11% | 0.96% | 3.44% | 3.70% | 3.90% | 0.92% | 3.77% | 3.75% |
CareTrust REIT's average Quarter SG&A projection for Mar 24 is $16.60M, based on 2 Wall Street analysts, with a range of $13.28M to $19.92M. The forecast indicates a 155.10% rise compared to CTRE last annual SG&A of $6.51M (Dec 23).
CareTrust REIT EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 2 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 6 | 4 | 4 | 7 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.22 | $0.08 | $-0.00 | $0.19 | $0.05 | $-0.08 | $0.15 | $-0.51 | $0.13 | $0.12 | $0.22 | $0.21 | $0.22 | $0.23 | $0.20 | $0.20 | $0.22 | $-0.11 |
| Avg Forecast | $0.38 | $0.37 | $0.37 | $0.35 | $0.34 | $0.33 | $0.33 | $0.32 | $0.31 | $0.29 | $0.26 | $0.25 | $0.24 | $0.23 | $0.22 | $0.24 | $0.24 | $0.23 | $0.21 | $0.22 | $0.25 | $0.20 | $0.23 | $0.22 | $0.22 | $0.20 | $0.19 | $0.20 | $0.17 | $0.15 |
| High Forecast | $0.43 | $0.41 | $0.41 | $0.39 | $0.38 | $0.37 | $0.37 | $0.36 | $0.35 | $0.30 | $0.26 | $0.25 | $0.25 | $0.24 | $0.25 | $0.27 | $0.27 | $0.23 | $0.21 | $0.22 | $0.25 | $0.20 | $0.23 | $0.22 | $0.22 | $0.20 | $0.19 | $0.20 | $0.17 | $0.15 |
| Low Forecast | $0.32 | $0.32 | $0.32 | $0.30 | $0.29 | $0.28 | $0.28 | $0.31 | $0.27 | $0.28 | $0.26 | $0.25 | $0.23 | $0.22 | $0.19 | $0.20 | $0.20 | $0.23 | $0.21 | $0.22 | $0.25 | $0.20 | $0.23 | $0.22 | $0.22 | $0.20 | $0.19 | $0.20 | $0.17 | $0.15 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | 0.36% | -0.02% | 0.80% | 0.20% | -0.34% | 0.70% | -2.32% | 0.53% | 0.60% | 0.98% | 0.95% | 1.01% | 1.17% | 1.05% | 0.98% | 1.29% | -0.75% |
According to 2 Wall Street analysts, CareTrust REIT's projected average Quarter EPS for Mar 24 is $0.25, with a low estimate of $0.25 and a high estimate of $0.25. This represents a 13.41% increase compared to CTRE previous annual EPS of $0.22 (Dec 23).
CareTrust REIT Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| GMRE | Global Medical REIT | $8.64 | $11.75 | 36.00% | Buy |
| CHCT | Community Healthcare Trust | $18.39 | $22.33 | 21.42% | Buy |
| HR | Healthcare Realty Trust | $17.56 | $19.00 | 8.20% | Buy |
| OHI | Omega Healthcare Investors | $39.88 | $38.62 | -3.16% | Buy |
| VTR | Ventas | $64.11 | $61.34 | -4.32% | Buy |
| SBRA | Sabra Health Care REIT | $18.39 | $17.29 | -5.98% | Hold |
| NHI | National Health Investors | $77.14 | $72.20 | -6.40% | Hold |
| CTRE | CareTrust REIT | $30.66 | $25.50 | -16.83% | Buy |