CareTrust REIT Completes Acquisition of Care REIT plc

CareTrust REIT ( (CTRE) ) has issued an update.

On May 8, 2025, CareTrust REIT, Inc. completed the acquisition of Care REIT plc through a court-sanctioned scheme of arrangement. The acquisition, valued at approximately $840.5 million, was funded through cash and borrowing under an existing credit facility, enhancing CareTrust’s portfolio in the healthcare real estate sector.

The most recent analyst rating on (CTRE) stock is a Buy with a $35.00 price target. To see the full list of analyst forecasts on CareTrust REIT stock, see the CTRE Stock Forecast page.

Spark’s Take on CTRE Stock

According to Spark, TipRanks’ AI Analyst, CTRE is a Outperform.

CareTrust REIT is a strong performer with robust financials, including zero debt and solid equity, and a positive earnings outlook. The strategic acquisition and raised guidance from the earnings call further bolster confidence in the company’s growth trajectory. Technical indicators suggest continued upward momentum, though the high P/E ratio warrants cautious consideration of valuation. Overall, the stock presents a favorable investment profile, tempered by some risks related to Medicaid cuts and tenant performance.

To see Spark’s full report on CTRE stock, click here.

More about CareTrust REIT

CareTrust REIT, Inc. operates in the real estate investment trust (REIT) industry, focusing on acquiring, owning, and leasing healthcare-related properties. The company primarily targets senior housing and healthcare facilities, aiming to provide stable income through long-term leases.

Average Trading Volume: 1,760,633

Technical Sentiment Signal: Strong Buy

Current Market Cap: $5.49B

For detailed information about CTRE stock, go to TipRanks’ Stock Analysis page.