CareTrust REIT (NYSE:CTRE) Sees Strong Trading Volume – What’s Next?

21 May 2026, 08:31 by Doug Wharley · The Cerbat Gem

Shares of CareTrust REIT, Inc. (NYSE:CTRE – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 2,190,740 shares changed hands during trading, a decline of 10% from the previous session’s volume of 2,429,631 shares.The stock last traded at $40.98 and had previously closed at $41.52.

Analyst Ratings Changes

CTRE has been the subject of several recent research reports. The Goldman Sachs Group set a $44.00 target price on shares of CareTrust REIT in a research report on Thursday, January 22nd. Cantor Fitzgerald upped their price target on CareTrust REIT from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Citizens Jmp initiated coverage on CareTrust REIT in a research note on Thursday, January 22nd. They issued a “market outperform” rating and a $44.00 price target for the company. Royal Bank Of Canada upped their price target on CareTrust REIT from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Finally, Zacks Research cut CareTrust REIT from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 25th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, CareTrust REIT presently has a consensus rating of “Buy” and an average target price of $42.82.

Check Out Our Latest Research Report on CareTrust REIT

CareTrust REIT Price Performance

The company has a quick ratio of 2.37, a current ratio of 2.38 and a debt-to-equity ratio of 0.22. The firm has a market cap of $9.80 billion, a P/E ratio of 26.59, a PEG ratio of 2.73 and a beta of 0.77. The business has a fifty day moving average of $39.20 and a 200 day moving average of $38.12.

CareTrust REIT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.8%. This is a positive change from CareTrust REIT’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Tuesday, March 31st. CareTrust REIT’s dividend payout ratio (DPR) is presently 85.90%.

Hedge Funds Weigh In On CareTrust REIT

Institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in CareTrust REIT by 7.5% during the fourth quarter. Principal Financial Group Inc. now owns 1,328,660 shares of the company’s stock worth $48,044,000 after buying an additional 93,101 shares during the last quarter. Aberdeen Group plc raised its holdings in CareTrust REIT by 22.1% during the third quarter. Aberdeen Group plc now owns 84,824 shares of the company’s stock worth $2,911,000 after buying an additional 15,374 shares during the last quarter. AGF Management Ltd. acquired a new position in CareTrust REIT during the third quarter worth $538,000. Sound Income Strategies LLC raised its stake in shares of CareTrust REIT by 6.4% in the fourth quarter. Sound Income Strategies LLC now owns 621,732 shares of the company’s stock worth $23,477,000 after purchasing an additional 37,503 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of CareTrust REIT by 545.9% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 80,239 shares of the company’s stock worth $2,783,000 after purchasing an additional 67,817 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

CareTrust REIT Company Profile

(Get Free Report)

CareTrust REIT, Inc is a real estate investment trust based in Deerfield Beach, Florida, specializing in the ownership, acquisition and management of net-leased healthcare properties. The company primarily focuses on seniors housing and post-acute care facilities, entering into long-term, triple-net lease agreements with leading operators in the skilled nursing, assisted living, memory care, inpatient rehabilitation and specialty hospital sectors. Through its portfolio, CareTrust REIT aims to provide investors with stable and predictable rental income while supporting the ongoing demand for quality healthcare real estate across the United States.