William Blair Investment Management LLC Purchases Shares of 570,637 CareTrust REIT, Inc. $CTRE

William Blair Investment Management LLC purchased a new position in shares of CareTrust REIT, Inc. (NYSE:CTRE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 570,637 shares of the company’s stock, valued at approximately $23,025,000. William Blair Investment Management LLC owned about 0.24% of CareTrust REIT as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. grew its position in CareTrust REIT by 7.5% during the fourth quarter. Principal Financial Group Inc. now owns 1,328,660 shares of the company’s stock valued at $48,044,000 after acquiring an additional 93,101 shares during the last quarter. Jennison Associates LLC bought a new stake in shares of CareTrust REIT in the 4th quarter worth approximately $1,156,000. M&T Bank Corp bought a new stake in shares of CareTrust REIT in the 4th quarter worth approximately $894,000. Vanguard Group Inc. boosted its stake 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 valued at $1,199,940,000 after purchasing an additional 210,965 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of CareTrust REIT by 18.2% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 450,594 shares of the company’s stock valued at $16,293,000 after purchasing an additional 69,429 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

CareTrust REIT Trading Down 0.1%

Shares of CTRE opened at $39.71 on Friday. The stock has a market capitalization of $9.38 billion, a P/E ratio of 24.97, a PEG ratio of 1.56 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 quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $40.44 and a two-hundred day simple moving average of $39.70.

CareTrust REIT (NYSE:CTRE) last released 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. The firm had revenue of $161.35 million for the quarter. CareTrust REIT had a net margin of 62.19% and a return on equity of 8.52%. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. On average, research analysts anticipate that CareTrust REIT, Inc. will post 2.05 EPS for the current year.

CareTrust REIT Dividend Announcement

The firm also recently declared 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. This represents a $1.56 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Tuesday, June 30th. CareTrust REIT’s payout ratio is currently 98.11%.

Analysts Set New Price Targets

A number of equities analysts recently commented on CTRE shares. Cantor Fitzgerald lifted their target price on shares of CareTrust REIT from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Wells Fargo & Company boosted their price target on shares of CareTrust REIT from $42.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Citigroup reaffirmed a “market outperform” rating on shares of CareTrust REIT in a research note on Wednesday, June 10th. Royal Bank Of Canada lowered CareTrust REIT from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $44.00 to $43.00 in a research note on Friday, August 14th. Finally, Weiss Ratings cut CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.82.

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.