87,630 Shares in CareTrust REIT, Inc. $CTRE Acquired by Capital Square LLC

Capital Square LLC bought a new stake in CareTrust REIT, Inc. (NYSE:CTRE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 87,630 shares of the company’s stock, valued at approximately $3,525,000. CareTrust REIT accounts for 1.5% of Capital Square LLC’s investment portfolio, making the stock its 11th biggest position.

Several other large investors have also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in CareTrust REIT during the second quarter worth $1,643,290,000. Deutsche Bank AG acquired a new position in shares of CareTrust REIT during the second quarter worth about $143,963,000. T. Rowe Price Investment Management Inc. increased its position in shares of 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 valued at $234,820,000 after purchasing an additional 3,379,732 shares during the last quarter. Norges Bank purchased a new position in CareTrust REIT in the fourth quarter valued at $114,810,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of CareTrust REIT during the 2nd quarter worth about $102,162,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

CareTrust REIT Stock Up 0.3%

Shares of NYSE CTRE opened at $39.71 on Monday. The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 1.56 and a beta of 0.75. CareTrust REIT, Inc. has a 52 week low of $32.79 and a 52 week high of $43.62. The firm has a 50-day moving average price of $40.44 and a 200 day moving average price of $39.72. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.27.

CareTrust REIT (NYSE:CTRE) last issued its 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 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. Equities research analysts anticipate that CareTrust REIT, Inc. will post 2.05 EPS for the current fiscal year.

CareTrust REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given 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 yield of 3.9%. CareTrust REIT’s dividend payout ratio (DPR) is presently 98.11%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CTRE. KeyCorp reiterated an “overweight” rating and set a $46.00 target price on shares of CareTrust REIT in a research report on Friday, May 29th. Citigroup reiterated a “market outperform” rating on shares of CareTrust REIT in a research note on Wednesday, June 10th. Raymond James Financial began coverage on CareTrust REIT in a report on Tuesday, June 16th. They set an “outperform” rating and a $43.00 price target on the stock. BMO Capital Markets upped their price objective on CareTrust REIT from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Finally, Royal Bank Of Canada cut CareTrust REIT from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $44.00 to $43.00 in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.82.

CareTrust REIT Company 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.