Several brokerages have updated their recommendations and price targets on shares of CareTrust REIT (NYSE: CTRE) in the last few weeks:
- 9/16/2026 – CareTrust REIT had its “overweight” rating reaffirmed by KeyCorp.
- 9/10/2026 – CareTrust REIT is now covered by Huntington. They set an “outperform” rating and a $44.00 price target on the stock.
- 9/8/2026 – CareTrust REIT was downgraded by Weiss Ratings from “buy (b+)” to “buy (b)”.
- 9/1/2026 – CareTrust REIT had its price target lowered by Wells Fargo & Company from $47.00 to $44.00. They now have an “overweight” rating on the stock.
- 8/21/2026 – CareTrust REIT was downgraded by Weiss Ratings from “buy (a-)” to “buy (b+)”.
- 8/14/2026 – CareTrust REIT was downgraded by Royal Bank Of Canada from “outperform” to “sector perform”. They now have a $43.00 price target on the stock, down from $44.00.
- 8/10/2026 – CareTrust REIT had its price target raised by Cantor Fitzgerald from $42.00 to $43.00. They now have a “neutral” rating on the stock.
- 8/5/2026 – CareTrust REIT was upgraded by Weiss Ratings from “buy (b+)” to “buy (a-)”.
- 7/21/2026 – CareTrust REIT was downgraded by Weiss Ratings from “buy (a-)” to “buy (b+)”.
CareTrust REIT Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 30th. CareTrust REIT’s payout ratio is 98.11%.
CareTrust’s portfolio includes skilled nursing facilities, assisted living facilities, independent living communities, memory care properties and other healthcare-related real estate. Its tenants are responsible for operating the facilities and generally cover property-level expenses such as taxes, insurance and maintenance under the terms of the leases.
CareTrust was established in 2014 through a separation from The Ensign Group, a healthcare services company.
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