Hsbc Holdings PLC Acquires New Shares in CareTrust REIT, Inc. $CTRE

Hsbc Holdings PLC acquired a new position in shares of CareTrust REIT, Inc. (NYSE:CTRE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 478,410 shares of the company’s stock, valued at approximately $19,334,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTRE. Kemnay Advisory Services Inc. bought a new position in shares of CareTrust REIT during the 4th quarter valued at about $27,000. Persistent Asset Partners Ltd bought a new stake in CareTrust REIT during the 2nd quarter worth approximately $31,000. Transamerica Financial Advisors LLC increased its stake in CareTrust REIT by 520.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock worth $32,000 after purchasing an additional 728 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in CareTrust REIT by 134.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock worth $34,000 after buying an additional 644 shares during the period. Finally, Compass Financial Management LLC acquired a new stake in CareTrust REIT during the 2nd quarter worth approximately $34,000. 87.77% of the stock is currently owned by institutional investors.

CareTrust REIT Stock Down 1.4%

Shares of CareTrust REIT stock opened at $39.40 on Friday. The firm has a market cap of $9.31 billion, a PE ratio of 24.78, a P/E/G ratio of 1.57 and a beta of 0.75. The business’s 50 day simple moving average is $40.67 and its 200 day simple moving average is $39.78. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.57 and a current ratio of 0.57. CareTrust REIT, Inc. has a 52-week low of $32.79 and a 52-week high of $43.62.

CareTrust REIT (NYSE:CTRE) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $161.35 million during 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. On average, analysts predict that CareTrust REIT, Inc. will post 2.05 earnings per share for the current fiscal year.

CareTrust REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.39 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.56 annualized dividend and a yield of 4.0%. CareTrust REIT’s dividend payout ratio is presently 98.11%.

Analysts Set New Price Targets

CTRE has been the subject of several research analyst reports. Mizuho set a $45.00 price target on shares of CareTrust REIT in a report on Friday, May 22nd. Weiss Ratings lowered shares of CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, August 21st. KeyCorp reaffirmed an “overweight” rating and issued a $46.00 price objective on shares of CareTrust REIT in a research report on Friday, May 29th. BMO Capital Markets upped their target price on shares of CareTrust REIT from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. Finally, Zacks Research upgraded CareTrust REIT from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.82.

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.