VIRGINIA RETIREMENT SYSTEMS ET Al Takes $8.23 Million Position in CareTrust REIT, Inc. $CTRE

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of CareTrust REIT, Inc. (NYSE:CTRE) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 203,991 shares of the company’s stock, valued at approximately $8,231,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.09% of CareTrust REIT as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in CareTrust REIT in the second quarter valued at approximately $1,643,290,000. State Street Corp lifted its position in shares of CareTrust REIT by 1.8% in the fourth quarter. State Street Corp now owns 12,426,213 shares of the company’s stock valued at $453,411,000 after buying an additional 219,641 shares during the last quarter. Wellington Management Group LLP boosted its stake 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 worth $446,792,000 after acquiring an additional 1,893,143 shares during the period. California State Teachers Retirement System boosted its stake in shares of CareTrust REIT by 3,830.4% during the 2nd quarter. California State Teachers Retirement System now owns 10,507,301 shares of the company’s stock worth $423,970,000 after acquiring an additional 10,239,968 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of 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 worth $234,820,000 after acquiring an additional 3,379,732 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

CareTrust REIT Trading Up 0.8%

Shares of CareTrust REIT stock opened at $39.32 on Wednesday. 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 firm has a 50-day moving average of $40.68 and a 200-day moving average of $39.75. CareTrust REIT, Inc. has a 52-week low of $32.79 and a 52-week high of $43.62. The stock has a market cap of $9.29 billion, a PE ratio of 24.73, a PEG ratio of 1.53 and a beta of 0.76.

CareTrust REIT (NYSE:CTRE) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. CareTrust REIT had a net margin of 62.19% and a return on equity of 8.52%. The business had revenue of $161.35 million for the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. As a group, sell-side analysts forecast that CareTrust REIT, Inc. will post 2.05 EPS for the current 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 issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.56 annualized dividend and a dividend yield of 4.0%. CareTrust REIT’s dividend payout ratio (DPR) is currently 98.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Citigroup restated a “market outperform” rating on shares of CareTrust REIT in a research note on Wednesday, June 10th. Wells Fargo & Company reduced their price objective on shares of CareTrust REIT from $47.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday, September 1st. Mizuho set a $45.00 price objective on shares of CareTrust REIT in a report on Friday, May 22nd. KeyCorp reissued an “overweight” rating and issued a $46.00 price objective on shares of CareTrust REIT in a research report on Friday, May 29th. Finally, Cantor Fitzgerald raised their target price 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. 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $44.55.

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.