CareTrust REIT Launches New $1 Billion ATM Program

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

On February 17, 2026, CareTrust REIT, Inc. and its operating partnership entered into a new equity distribution agreement establishing a $1 billion at-the-market equity offering program for its common stock with a syndicate of major banks acting as sales agents, principals and forward purchasers. The shares will be sold from time to time through various transaction methods, including forward sales, with agent and forward purchaser commissions capped at 2% of sale prices or volume-weighted averages.

The company plans to contribute net proceeds from direct share sales and the eventual settlement of any forward sale agreements to its operating partnership for general corporate purposes, including acquisitions, debt repayment and working capital, with temporary investment in short-term interest-bearing instruments. In connection with the new February 2026 ATM program and its related shelf registration and prospectus supplement filed the same day, CareTrust terminated its prior at-the-market program dated January 21, 2025, leaving less than $10 million of unsold capacity but maintaining $367 million of outstanding forward sale agreements that will remain in effect under the prior arrangement.

The most recent analyst rating on (CTRE) stock is a Buy with a $46.00 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.

CTRE scores well on financial performance and earnings-call outlook, driven by strong recent growth, improving cash generation, and a conservatively positioned balance sheet alongside upbeat 2026 guidance. The score is moderated by an extended technical setup (overbought signals) and a less attractive valuation given the higher P/E despite a solid dividend yield.

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

More about CareTrust REIT

CareTrust REIT, Inc. is a real estate investment trust focused on owning and financing healthcare-related properties, primarily senior housing and skilled nursing facilities, with operations funded through its operating partnership structure and access to public equity markets. The company typically uses capital raised in equity offerings for acquisitions, debt repayment and other general corporate purposes within the healthcare real estate sector.

Average Trading Volume: 1,868,430

Technical Sentiment Signal: Buy

Current Market Cap: $8.94B

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