Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Caretrust Inc (CTRE) stock reached an all-time high of 35.69 USD, marking a significant milestone for the company. According to InvestingPro data, the company maintains impressive gross profit margins of nearly 95% and has consistently raised its dividend for nine consecutive years, currently offering a yield of 3.87%. This achievement reflects a positive trend over the past year, with the stock delivering a total return of 16.82%. The strong performance underscores investor confidence and the company’s strategic growth initiatives, supported by a robust financial health score rated as "GREAT" by InvestingPro. As Caretrust Inc continues to expand its operations and adapt to market demands, the stock’s upward trajectory highlights its resilience and potential for further growth in the healthcare real estate sector. Discover 14 additional exclusive ProTips and comprehensive analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, CareTrust REIT, Inc. has announced the acquisition of two care homes in the United Kingdom for approximately $27 million. These properties, which include 265 beds, will be leased to an existing operator under long-term agreements. Additionally, the company has appointed Greg Stapley to its Board of Directors, effective January 1, 2026. Stapley previously served as CareTrust’s President and CEO from 2014 to 2022. In personnel changes, CFO William Wagner plans to retire in early 2026, with Derek Bunker set to succeed him.
Analyst activities have also been noteworthy, with Cantor Fitzgerald initiating coverage of CareTrust REIT with a Neutral rating and a price target of $37.00. Meanwhile, KeyBanc has raised its price target for the company from $33.00 to $36.00, maintaining an Overweight rating. The price target adjustment follows a significant share issuance by CareTrust, which was upsized to 20 million shares, generating gross proceeds of $736 million, including the overallotment option. These developments reflect ongoing strategic and financial maneuvers by CareTrust REIT.
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