Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of CareTrust REIT, Inc. (NYSE:CTRE – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 202,342 shares of the company’s stock, valued at approximately $8,164,000.
A number of other institutional investors also recently made changes to their positions in CTRE. Kemnay Advisory Services Inc. acquired a new stake in shares of CareTrust REIT during the fourth quarter worth approximately $27,000. Persistent Asset Partners Ltd acquired a new stake in CareTrust REIT in the second quarter valued at $31,000. Transamerica Financial Advisors LLC raised its holdings in CareTrust REIT by 520.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock valued at $32,000 after acquiring an additional 728 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in CareTrust REIT by 134.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock valued at $34,000 after acquiring an additional 644 shares during the last quarter. Finally, Mcguire Capital Advisors Inc. bought a new position in CareTrust REIT during the 4th quarter valued at $40,000. 87.77% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
CTRE has been the subject of several research analyst reports. Weiss Ratings raised shares of CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, August 5th. Wells Fargo & Company increased their price target on shares of CareTrust REIT from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. KeyCorp reiterated an “overweight” rating and issued a $46.00 price target on shares of CareTrust REIT in a research note on Friday, May 29th. Citigroup reiterated a “market outperform” rating on shares of CareTrust REIT in a research note on Wednesday, June 10th. Finally, Cantor Fitzgerald boosted their price objective on CareTrust REIT from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, CareTrust REIT has an average rating of “Moderate Buy” and a consensus price target of $44.82.
CareTrust REIT Stock Performance
CareTrust REIT stock opened at $39.71 on Friday. The company has a market cap of $9.38 billion, a PE ratio of 24.97, a P/E/G ratio of 1.57 and a beta of 0.75. The company has a fifty day moving average price of $40.44 and a two-hundred day moving average price of $39.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.57 and a quick ratio of 0.57. CareTrust REIT, Inc. has a 12 month low of $32.79 and a 12 month high of $43.62.
CareTrust REIT (NYSE:CTRE – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $161.35 million during 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. Research analysts expect that CareTrust REIT, Inc. will post 2.05 earnings per share for the current year.
CareTrust REIT Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.56 annualized dividend and a dividend yield of 3.9%. CareTrust REIT’s payout ratio is 98.11%.
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.
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