CareTrust REIT, Inc. (NASDAQ:CTRE) Shares Bought by Caitlin John LLC

Caitlin John LLC grew its position in CareTrust REIT, Inc. (NASDAQ:CTRE) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,994 shares of the real estate investment trust’s stock after acquiring an additional 1,969 shares during the period. Caitlin John LLC’s holdings in CareTrust REIT were worth $1,352,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CTRE. The Manufacturers Life Insurance Company raised its holdings in CareTrust REIT by 25.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 75,955 shares of the real estate investment trust’s stock worth $1,906,000 after purchasing an additional 15,606 shares during the period. Algert Global LLC purchased a new stake in shares of CareTrust REIT in the second quarter valued at approximately $341,000. Creative Planning raised its stake in shares of CareTrust REIT by 3.1% during the 2nd quarter. Creative Planning now owns 35,330 shares of the real estate investment trust’s stock worth $887,000 after buying an additional 1,071 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of CareTrust REIT during the 2nd quarter valued at approximately $319,000. Finally, Handelsbanken Fonder AB grew its stake in CareTrust REIT by 68.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 43,846 shares of the real estate investment trust’s stock valued at $1,353,000 after acquiring an additional 17,800 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CTRE shares. Wedbush cut shares of CareTrust REIT from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $34.00 to $26.00 in a research report on Thursday, January 2nd. BMO Capital Markets downgraded shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $34.00 to $32.00 in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, CareTrust REIT currently has a consensus rating of “Hold” and a consensus price target of $30.67.

CareTrust REIT Trading Up 1.5 %

Shares of CTRE opened at $26.76 on Thursday. CareTrust REIT, Inc. has a 52-week low of $20.33 and a 52-week high of $33.15. The stock has a market cap of $4.59 billion, a PE ratio of 37.16, a price-to-earnings-growth ratio of 1.25 and a beta of 1.09. The firm’s fifty day moving average is $27.49 and its two-hundred day moving average is $28.95. The company has a quick ratio of 7.60, a current ratio of 7.60 and a debt-to-equity ratio of 0.16.

CareTrust REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.29 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.16 annualized dividend and a yield of 4.34%. CareTrust REIT’s dividend payout ratio is presently 161.11%.

CareTrust REIT Profile

CareTrust REIT, Inc’s (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas.