606,789 CareTrust REIT, Inc. $CTRE Shares Sold by Sound Income Strategies LLC

Sound Income Strategies LLC decreased its position in shares of CareTrust REIT, Inc. (NYSE:CTRE) by 96.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 21,482 shares of the company’s stock after selling 606,789 shares during the quarter. Sound Income Strategies LLC’s holdings in CareTrust REIT were worth $769,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in shares of CareTrust REIT by 6.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,330 shares of the company’s stock worth $195,000 after buying an additional 303 shares during the period. Moody National Bank Trust Division boosted its stake in CareTrust REIT by 3.2% in the third quarter. Moody National Bank Trust Division now owns 39,327 shares of the company’s stock valued at $1,439,000 after acquiring an additional 1,230 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in CareTrust REIT by 30.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 22,148 shares of the company’s stock valued at $894,000 after acquiring an additional 5,128 shares during the last quarter. Anchor Investment Management LLC grew its holdings in CareTrust REIT by 4.3% during the 2nd quarter. Anchor Investment Management LLC now owns 7,260 shares of the company’s stock worth $293,000 after acquiring an additional 297 shares during the period. Finally, Tidal Investments LLC grew its holdings in CareTrust REIT by 365.9% during the 2nd quarter. Tidal Investments LLC now owns 85,678 shares of the company’s stock worth $3,457,000 after acquiring an additional 67,290 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CTRE shares. Huntington initiated coverage on CareTrust REIT in a research note on Thursday, September 10th. They issued an “outperform” rating and a $44.00 price target on the stock. KeyCorp reaffirmed an “overweight” rating on shares of CareTrust REIT in a research note on Tuesday. Wells Fargo & Company dropped their price objective on CareTrust REIT from $47.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, September 1st. Cantor Fitzgerald raised their target price on CareTrust REIT from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Finally, Raymond James Financial decreased their target price on CareTrust REIT from $45.00 to $42.00 and set an “outperform” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.25.

CareTrust REIT Trading Up 0.6%

CTRE opened at $35.99 on Friday. The firm’s fifty day moving average is $38.61 and its two-hundred day moving average is $39.33. The firm has a market cap of $8.51 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 1.40 and a beta of 0.75. CareTrust REIT, Inc. has a twelve month low of $32.79 and a twelve month 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.

CareTrust REIT (NYSE:CTRE) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. CareTrust REIT had a net margin of 62.19% and a return on equity of 8.52%. 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. Equities research analysts anticipate that CareTrust REIT, Inc. will post 2.07 EPS for the current year.

CareTrust REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, September 30th. CareTrust REIT’s payout ratio is presently 98.11%.

CareTrust REIT Profile

CareTrust REIT, Inc is a real estate investment trust that owns, acquires, develops, and leases healthcare-related properties. Its portfolio is primarily focused on skilled nursing facilities, assisted living communities, and other post-acute care properties operated by third-party healthcare providers.

The company generally leases its properties under long-term agreements, including triple-net leases, under which tenants are typically responsible for property-level expenses such as taxes, insurance, and maintenance.