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An update from CareTrust REIT ( (CTRE) ) is now available.
CareTrust REIT reported strong first-quarter 2026 results on May 7, 2026, highlighted by net income of $80.2 million, or $0.36 per diluted share, and double-digit year-over-year growth in normalized funds from operations and funds available for distribution to $0.48 per share. The company closed $245.1 million of investments in the quarter at an 8.8% yield, lifted its quarterly dividend 16.4% to $0.39 per share, maintained full rent and interest collections, and exited the period with low leverage, ample liquidity and an investment-grade rating upgrade, underscoring its expanding investment activity and reinforced balance sheet as it raises 2026 earnings guidance and signals continued growth momentum for investors and operators.
Since March 31, 2026, CareTrust has accelerated its deployment, closing an additional $864.1 million of investments at an 8.9% blended yield, including previously undisclosed deals such as its second senior housing operating portfolio and multiple skilled nursing and senior housing communities. Management now projects 2026 net income of $1.49 to $1.53 per share and normalized FFO of $2.00 to $2.04 per share, implying mid-teens percentage growth over 2025 and reflecting confidence that its robust pipeline, strengthened access to capital and conservative leverage position it to sustain elevated investment levels and deepen relationships with healthcare operators across the U.S. and U.K.
The most recent analyst rating on (CTRE) stock is a Buy with a $40.00 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.
The score is driven primarily by strong financial performance (improving growth, cash flow, and a de-risked balance sheet) and a constructive earnings outlook (guidance and pipeline supported by low leverage and ample liquidity). Technicals are supportive but not strong, and valuation is reasonable with a solid yield.
To see Spark’s full report on CTRE stock, click here.
More about CareTrust REIT
CareTrust REIT, Inc. is a self-administered, publicly traded real estate investment trust focused on the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. The company operates a portfolio of long-term net-leased assets across the United States and the United Kingdom, working with a growing roster of healthcare operators while pursuing both external and organic growth opportunities domestically and internationally.
Average Trading Volume: 2,738,206
Technical Sentiment Signal: Buy
Current Market Cap: $8.81B
Learn more about CTRE stock on TipRanks’ Stock Analysis page.