Quantbot Technologies LP Takes $3.47 Million Position in CareTrust REIT, Inc. $CTRE

Quantbot Technologies LP purchased a new stake in CareTrust REIT, Inc. (NYSE:CTRE) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 86,027 shares of the company’s stock, valued at approximately $3,471,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CTRE. BlackRock Inc. purchased a new stake in CareTrust REIT during the second quarter valued at approximately $1,643,290,000. Vanguard Group Inc. boosted its holdings in shares of CareTrust REIT by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 33,184,181 shares of the company’s stock worth $1,199,940,000 after purchasing an additional 210,965 shares during the period. State Street Corp increased its position in shares of CareTrust REIT by 1.8% during the 4th quarter. State Street Corp now owns 12,426,213 shares of the company’s stock valued at $453,411,000 after purchasing an additional 219,641 shares during the last quarter. Wellington Management Group LLP increased its position in shares of CareTrust REIT by 18.1% during the 4th quarter. Wellington Management Group LLP now owns 12,355,966 shares of the company’s stock valued at $446,792,000 after purchasing an additional 1,893,143 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in CareTrust REIT by 108.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,493,898 shares of the company’s stock valued at $234,820,000 after buying an additional 3,379,732 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wells Fargo & Company raised their price target on CareTrust REIT from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Royal Bank Of Canada downgraded shares of CareTrust REIT from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $44.00 to $43.00 in a research note on Friday, August 14th. Raymond James Financial began coverage on shares of CareTrust REIT in a report on Tuesday, June 16th. They issued an “outperform” rating and a $43.00 target price for the company. Cantor Fitzgerald lifted their price target on shares of CareTrust REIT from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Finally, Mizuho set a $45.00 price target on shares of CareTrust REIT in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.82.

CareTrust REIT Trading Up 0.3%

Shares of NYSE CTRE opened at $39.71 on Monday. CareTrust REIT, Inc. has a fifty-two week low of $32.79 and a fifty-two week high of $43.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.56 and a beta of 0.75. The business’s 50 day moving average price is $40.44 and its 200-day moving average price is $39.72.

CareTrust REIT (NYSE:CTRE) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. CareTrust REIT had a return on equity of 8.52% and a net margin of 62.19%.The company had revenue of $161.35 million during the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. On average, sell-side analysts expect that CareTrust REIT, Inc. will post 2.05 earnings per share for the current year.

CareTrust REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, June 30th. CareTrust REIT’s payout ratio is currently 98.11%.

About CareTrust REIT

CareTrust REIT, Inc is a real estate investment trust based in Deerfield Beach, Florida, specializing in the ownership, acquisition and management of net-leased healthcare properties. The company primarily focuses on seniors housing and post-acute care facilities, entering into long-term, triple-net lease agreements with leading operators in the skilled nursing, assisted living, memory care, inpatient rehabilitation and specialty hospital sectors. Through its portfolio, CareTrust REIT aims to provide investors with stable and predictable rental income while supporting the ongoing demand for quality healthcare real estate across the United States.

Since its initial public offering in September 2013, CareTrust REIT has pursued a disciplined acquisition strategy, targeting properties in primary and select secondary markets.