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 -17.95% downside from CTRE’s last price of $31.08) and a rating consensus of 'Buy', based on 6 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 6 Wall Street analysts in the past 3 months, with a price target range of $27.00 to $23.00. This represents a potential -17.95% downside from CTRE's last price of $31.08.
CTRE Analyst Ratings
According to 6 Wall Street analysts, CareTrust REIT's rating consensus is 'Buy'. The analyst rating breakdown for CTRE stock is 1 'Strong Buy' (16.67%), 3 'Buy' (50.00%), 2 'Hold' (33.33%), 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% | -13.13% |
| Jun 21, 2024 | Amanda Sweiter | Robert W. Baird | $26.00 | $24.88 | 4.52% | -16.34% |
| May 29, 2024 | Richard Anderson | Wedbush | $26.00 | $25.21 | 3.13% | -16.34% |
| May 09, 2024 | Jordan Sadler | KeyBanc | $27.00 | $24.66 | 9.51% | -13.13% |
| Sep 12, 2023 | Michael Carroll | RBC Capital | $23.00 | $20.28 | 13.41% | -26.00% |
| Dec 06, 2022 | - | Raymond James | $24.00 | $19.86 | 20.85% | -22.78% |
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 -13.13% decrease from CTRE last price ($31.08).
CareTrust REIT Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 4 |
| Avg Price Target | - | $26.50 | $26.50 |
| Last Closing Price | $31.08 | $31.08 | $31.08 |
| Upside/Downside | -100.00% | -14.74% | -14.74% |
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 $31.08. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 RBC Capital on Aug 22, 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 | Jul 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 | - | $46.01M | $49.12M | $48.09M | $47.74M | $45.25M | $43.81M | $45.67M | $43.12M | $43.09M | $42.33M | $32.51M |
| Avg Forecast | $71.85M | $70.16M | $68.17M | $66.47M | $63.79M | $62.48M | $60.91M | $59.20M | $57.65M | $56.75M | $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 | $74.08M | $72.34M | $70.29M | $68.54M | $65.77M | $64.42M | $62.81M | $61.03M | $59.44M | $61.92M | $55.55M | $57.31M | $53.15M | $55.12M | $50.90M | $51.96M | $50.98M | $49.97M | $47.42M | $51.49M | $52.91M | $52.50M | $51.95M | $48.60M | $48.17M | $46.22M | $45.86M | $46.26M | $44.31M | $47.64M |
| Low Forecast | $68.63M | $67.01M | $65.11M | $63.49M | $60.93M | $59.67M | $58.18M | $56.54M | $55.06M | $53.44M | $51.45M | $53.09M | $48.62M | $47.13M | $47.15M | $48.13M | $47.22M | $46.29M | $47.42M | $44.35M | $45.57M | $45.22M | $44.74M | $41.86M | $41.49M | $39.81M | $39.50M | $39.85M | $38.17M | $41.03M |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 2 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.16% | 1.09% | 1.04% | 0.92% | 0.96% | 0.97% | - | 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 $53.09M, and a high forecast of $57.31M. 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 2 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $60.02M | $60.41M | $38.28M | $43.72M | $45.33M | $40.65M | - | $35.57M | $38.02M | $31.59M | $41.71M | $39.73M | $39.92M | $40.17M | $38.04M | $39.21M | $40.66M | $10.45M |
| Avg Forecast | $63.84M | $62.33M | $60.57M | $59.06M | $56.68M | $55.51M | $54.12M | $52.59M | $51.22M | $50.42M | $47.86M | $-76.16M | $45.86M | $45.47M | $43.86M | $-81.46M | $43.93M | $43.79M | $42.13M | $-87.12M | $38.02M | $39.81M | $41.71M | $41.54M | $38.02M | $34.15M | $36.04M | $37.83M | $40.66M | $26.19M |
| High Forecast | $65.82M | $64.27M | $62.45M | $60.89M | $58.44M | $57.23M | $55.80M | $54.23M | $52.81M | $55.01M | $49.35M | $-60.93M | $47.22M | $48.97M | $45.22M | $-65.17M | $45.29M | $52.55M | $42.13M | $-69.70M | $45.62M | $47.77M | $50.05M | $49.85M | $45.63M | $40.98M | $43.24M | $41.10M | $48.79M | $31.42M |
| Low Forecast | $60.97M | $59.54M | $57.85M | $56.41M | $54.13M | $53.02M | $51.69M | $50.23M | $48.92M | $47.48M | $45.71M | $-91.39M | $43.20M | $41.87M | $41.89M | $-97.75M | $41.95M | $35.03M | $42.13M | $-104.54M | $30.41M | $31.85M | $33.37M | $33.23M | $30.42M | $27.32M | $28.83M | $35.40M | $32.52M | $20.95M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.31% | 1.33% | 0.87% | -0.54% | 1.03% | 0.93% | - | -0.41% | 1.00% | 0.79% | 1.00% | 0.96% | 1.05% | 1.18% | 1.06% | 1.04% | 1.00% | 0.40% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 2 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $26.30M | $8.70M | $-484.00K | $19.23M | $4.77M | $-7.65M | - | $-49.01M | $12.57M | $11.92M | $21.32M | $20.49M | $21.05M | $21.55M | $18.93M | $19.32M | $20.66M | $-10.05M |
| Avg Forecast | $47.73M | $47.80M | $45.96M | $44.85M | $45.34M | $45.39M | $44.67M | $42.02M | $42.96M | $41.33M | $37.53M | $-137.71M | $34.52M | $33.65M | $32.32M | $-147.28M | $34.86M | $16.52M | $28.64M | $-157.52M | $18.26M | $15.02M | $21.32M | $21.42M | $20.05M | $18.32M | $17.94M | $21.08M | $20.66M | $-25.21M |
| High Forecast | $49.65M | $49.73M | $47.81M | $46.66M | $47.17M | $47.22M | $46.47M | $43.72M | $44.69M | $43.51M | $39.05M | $-110.17M | $36.44M | $35.11M | $33.62M | $-117.83M | $36.27M | $19.82M | $28.64M | $-126.02M | $21.91M | $18.02M | $25.58M | $25.70M | $24.06M | $21.98M | $21.53M | $25.30M | $24.79M | $-20.17M |
| Low Forecast | $44.94M | $45.01M | $43.27M | $42.23M | $42.70M | $42.74M | $42.06M | $39.57M | $40.45M | $40.25M | $35.34M | $-165.25M | $33.56M | $32.19M | $30.43M | $-176.74M | $32.83M | $13.21M | $28.64M | $-189.02M | $14.61M | $12.01M | $17.05M | $17.13M | $16.04M | $14.66M | $14.35M | $16.87M | $16.53M | $-30.25M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.76% | 0.26% | -0.01% | -0.13% | 0.14% | -0.46% | - | 0.31% | 0.69% | 0.79% | 1.00% | 0.96% | 1.05% | 1.18% | 1.06% | 0.92% | 1.00% | 0.40% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 2 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $6.51M | $5.52M | $4.72M | $5.06M | $4.81M | $5.16M | - | $5.21M | $10.74M | $5.20M | $5.80M | $18.61M | $16.66M | $17.19M | $18.00M | $17.21M | $16.80M | $18.00M |
| Avg Forecast | $7.86M | $7.67M | $7.45M | $7.27M | $6.98M | $6.83M | $6.66M | $6.47M | $6.30M | $6.21M | $5.89M | $16.60M | $5.64M | $5.60M | $5.40M | $17.75M | $5.41M | $7.20M | $5.19M | $18.99M | $10.74M | $6.55M | $5.80M | $19.46M | $15.86M | $14.61M | $17.05M | $18.78M | $16.80M | $4.79M |
| High Forecast | $8.10M | $7.91M | $7.69M | $7.49M | $7.19M | $7.04M | $6.87M | $6.67M | $6.50M | $6.77M | $6.07M | $19.92M | $5.81M | $6.03M | $5.57M | $21.30M | $5.57M | $8.64M | $5.19M | $22.78M | $12.89M | $7.86M | $6.96M | $23.35M | $19.04M | $17.53M | $20.46M | $22.53M | $20.16M | $5.21M |
| Low Forecast | $7.50M | $7.33M | $7.12M | $6.94M | $6.66M | $6.53M | $6.36M | $6.18M | $6.02M | $5.84M | $5.63M | $13.28M | $5.32M | $5.15M | $5.16M | $14.20M | $5.16M | $5.76M | $5.19M | $15.19M | $8.59M | $5.24M | $4.64M | $15.57M | $12.69M | $11.69M | $13.64M | $15.02M | $13.44M | $4.49M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.15% | 0.99% | 0.87% | 0.29% | 0.89% | 0.72% | - | 0.27% | 1.00% | 0.79% | 1.00% | 0.96% | 1.05% | 1.18% | 1.06% | 0.92% | 1.00% | 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 2 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.22 | $0.08 | $-0.00 | $0.19 | $0.05 | $-0.08 | - | $-0.51 | $0.13 | $0.12 | $0.22 | $0.21 | $0.22 | $0.23 | $0.20 | $0.20 | $0.22 | $-0.11 |
| Avg Forecast | $0.33 | $0.33 | $0.32 | $0.31 | $0.31 | $0.31 | $0.31 | $0.29 | $0.30 | $0.28 | $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 | $0.34 | $0.34 | $0.33 | $0.32 | $0.32 | $0.33 | $0.32 | $0.30 | $0.31 | $0.30 | $0.27 | $0.26 | $0.25 | $0.24 | $0.23 | $0.25 | $0.25 | $0.24 | $0.21 | $0.24 | $0.28 | $0.22 | $0.25 | $0.24 | $0.24 | $0.22 | $0.21 | $0.23 | $0.19 | $0.16 |
| Low Forecast | $0.31 | $0.31 | $0.30 | $0.29 | $0.29 | $0.29 | $0.29 | $0.27 | $0.28 | $0.28 | $0.24 | $0.23 | $0.23 | $0.22 | $0.21 | $0.22 | $0.23 | $0.22 | $0.21 | $0.20 | $0.23 | $0.18 | $0.21 | $0.20 | $0.20 | $0.18 | $0.17 | $0.19 | $0.16 | $0.14 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | 0.36% | -0.02% | 0.80% | 0.20% | -0.34% | - | -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 $0.23 and a high estimate of $0.26. 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 |
|---|---|---|---|---|---|
| CHCT | Community Healthcare Trust | $17.38 | $30.33 | 74.51% | Buy |
| HR | Healthcare Realty Trust | $18.78 | $19.00 | 1.17% | Buy |
| VTR | Ventas | $65.06 | $60.97 | -6.29% | Buy |
| SBRA | Sabra Health Care REIT | $18.59 | $17.29 | -6.99% | Hold |
| OHI | Omega Healthcare Investors | $40.62 | $35.73 | -12.04% | Buy |
| CTRE | CareTrust REIT | $31.08 | $25.50 | -17.95% | Buy |
| NHI | National Health Investors | $85.05 | $67.25 | -20.93% | Hold |
CTRE Forecast FAQ
Is CareTrust REIT a good buy?
Yes, according to 6 Wall Street analysts, CareTrust REIT (CTRE) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 3 'Buy' recommendations, accounting for 66.67% of CTRE's total ratings.
What is CTRE's price target?
CareTrust REIT (CTRE) average price target is $25.5 with a range of $23 to $27, implying a -17.95% from its last price of $31.08. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will CareTrust REIT stock go up soon?
According to Wall Street analysts' prediction for CTRE stock, the company can go down by -17.95% (from the last price of $31.08 to the average price target of $25.5), down by -13.13% based on the highest stock price target, and down by -26.00% based on the lowest stock price target.
Can CareTrust REIT stock reach $50?
CTRE's average twelve months analyst stock price target of $25.5 does not support the claim that CareTrust REIT can reach $50 in the near future.
What are CareTrust REIT's analysts' financial forecasts?
CareTrust REIT's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $246.38M (high $254.04M, low $235.32M), average EBITDA is $218.9M (high $225.7M, low $209.07M), average net income is $177.42M (high $184.58M, low $167.06M), average SG&A $26.94M (high $27.78M, low $25.73M), and average EPS is $1.22 (high $1.27, low $1.15). CTRE's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $276.66M (high $285.25M, low $264.23M), average EBITDA is $245.8M (high $253.43M, low $234.76M), average net income is $186.34M (high $193.86M, low $175.46M), average SG&A $30.25M (high $31.19M, low $28.89M), and average EPS is $1.28 (high $1.33, low $1.21).
Did the CTRE's actual financial results beat the analysts' financial forecasts?
Based on CareTrust REIT's last annual report (Dec 2023), the company's revenue was $217.77M, beating the average analysts forecast of $202.55M by 7.52%. Apple's EBITDA was $215.13M, beating the average prediction of $53.73M by 300.43%. The company's net income was $53.74M, missing the average estimation of $-46.792M by -214.84%. Apple's SG&A was $21.8M, missing the average forecast of $34.39M by -36.60%. Lastly, the company's EPS was $0.51, missing the average prediction of $0.929 by -45.12%. In terms of the last quarterly report (Dec 2023), CareTrust REIT's revenue was $59.73M, beating the average analysts' forecast of $51.62M by 15.73%. The company's EBITDA was $60.02M, beating the average prediction of $45.86M by 30.87%. CareTrust REIT's net income was $26.3M, missing the average estimation of $34.52M by -23.82%. The company's SG&A was $6.51M, beating the average forecast of $5.64M by 15.29%. Lastly, the company's EPS was $0.22, missing the average prediction of $0.238 by -7.42%