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CareTrust REIT Inc has a consensus price target of $23.5 based on the ratings of 16 analysts. The high is $31 issued by RBC Capital on August 22, 2024. The low is $17 issued by Barclays on April 18, 2022. The 3 most-recent analyst ratings were released by RBC Capital, Deutsche Bank, and Wells Fargo on August 22, 2024, July 1, 2024, and May 30, 2024, respectively. With an average price target of $28 between RBC Capital, Deutsche Bank, and Wells Fargo, there's an implied -7.65% downside for CareTrust REIT Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for CareTrust REIT (NYSE:CTRE) was reported by RBC Capital on August 22, 2024. The analyst firm set a price target for $31.00 expecting CTRE to rise to within 12 months (a possible 2.24% upside). 8 analyst firms have reported ratings in the last year.
The latest analyst rating for CareTrust REIT (NYSE:CTRE) was provided by RBC Capital, and CareTrust REIT maintained their outperform rating.
The last upgrade for CareTrust REIT Inc happened on September 12, 2023 when RBC Capital raised their price target to $23. RBC Capital previously had a sector perform for CareTrust REIT Inc.
The last downgrade for CareTrust REIT Inc happened on April 18, 2022 when Barclays changed their price target from $22 to $17 for CareTrust REIT Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of CareTrust REIT, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for CareTrust REIT was filed on August 22, 2024 so you should expect the next rating to be made available sometime around August 22, 2025.
While ratings are subjective and will change, the latest CareTrust REIT (CTRE) rating was a maintained with a price target of $27.00 to $31.00. The current price CareTrust REIT (CTRE) is trading at is $30.32, which is within the analyst’s predicted range.
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