
CareTrust REIT (CTRE) Stock Forecast & Price Target
CareTrust REIT (CTRE) Analyst Ratings
Bulls say
CareTrust REIT is positioned for substantial growth, with an expected increase in estimated net asset value (NAV) per share from $21.62 to $24.05 between the end of 2024 and the end of 2025. The company is nearing completion of its portfolio optimization plan, which has led to a recovering core portfolio and better management of tenant credit concerns, facilitating more aggressive and accretive capital deployment. Additionally, the recent $817 million acquisition of UK-based Care REIT is anticipated to enhance enterprise value and provide modest organic growth, further reinforcing CareTrust REIT's favorable outlook in the current competitive investment landscape.
Bears say
CareTrust REIT faces a challenging financial outlook due to projected slower cash collections, estimated to decline by approximately 5%, alongside reduced investment activity predicted at around $500 million. The potential impact of the CA 525 bill raises concerns about operators' profitability in California, which could further pressure CareTrust's rental income. Additionally, ongoing issues with new tenants, compounded by Medicaid cuts and persistent reimbursement challenges, threaten the company's ability to maintain earnings growth, contributing to a generally negative sentiment surrounding the stock.
This aggregate rating is based on analysts' research of CareTrust REIT and is not a guaranteed prediction by Public.com or investment advice.
CareTrust REIT (CTRE) Analyst Forecast & Price Prediction
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