Man Group plc Makes New $796,000 Investment in CareTrust REIT, Inc. $CTRE

Man Group plc acquired a new stake in CareTrust REIT, Inc. (NYSE:CTRE) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 19,724 shares of the company’s stock, valued at approximately $796,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CTRE. BlackRock Inc. bought a new stake in shares of CareTrust REIT in the second quarter worth about $1,643,290,000. State Street Corp raised its position in 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 lifted its holdings in CareTrust REIT by 18.1% in the 4th quarter. Wellington Management Group LLP now owns 12,355,966 shares of the company’s stock worth $446,792,000 after buying an additional 1,893,143 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in CareTrust REIT by 108.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,493,898 shares of the company’s stock worth $234,820,000 after buying an additional 3,379,732 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of CareTrust REIT by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 6,092,398 shares of the company’s stock worth $220,332,000 after buying an additional 409,411 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CTRE has been the topic of several research analyst reports. Royal Bank Of Canada cut 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. Weiss Ratings downgraded shares of CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, August 21st. Raymond James Financial initiated coverage on shares of CareTrust REIT in a report on Tuesday, June 16th. They issued an “outperform” rating and a $43.00 price objective for the company. Mizuho set a $45.00 target price on shares of CareTrust REIT in a research report on Friday, May 22nd. Finally, KeyCorp reaffirmed an “overweight” rating and set a $46.00 target price on shares of CareTrust REIT in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $44.55.

CareTrust REIT Trading Down 0.1%

CTRE opened at $39.53 on Friday. The stock has a market cap of $9.34 billion, a PE ratio of 24.86, a PEG ratio of 1.56 and a beta of 0.76. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average of $40.77 and a 200-day moving average of $39.78. CareTrust REIT, Inc. has a 52 week low of $32.79 and a 52 week high of $43.62.

CareTrust REIT (NYSE:CTRE) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $161.35 million for the quarter. CareTrust REIT had a return on equity of 8.52% and a net margin of 62.19%.CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. Equities research analysts predict that CareTrust REIT, Inc. will post 2.05 earnings per share for the current fiscal year.

CareTrust REIT Dividend Announcement

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

CareTrust REIT Profile

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.