Susquehanna International Group LLP Sells 433,090 Shares of CareTrust REIT, Inc. $CTRE

Susquehanna International Group LLP trimmed its position in shares of CareTrust REIT, Inc. (NYSE:CTREFree Report) by 64.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 237,865 shares of the company’s stock after selling 433,090 shares during the period. Susquehanna International Group LLP’s holdings in CareTrust REIT were worth $9,598,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in CareTrust REIT by 36.4% during the first quarter. Royal Bank of Canada now owns 179,501 shares of the company’s stock worth $5,129,000 after buying an additional 47,936 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of CareTrust REIT by 11.3% during the 1st quarter. NewEdge Advisors LLC now owns 33,628 shares of the company’s stock worth $961,000 after acquiring an additional 3,408 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in CareTrust REIT by 134.2% in 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 period. First Trust Advisors LP lifted its holdings in CareTrust REIT by 67.6% during the 2nd quarter. First Trust Advisors LP now owns 245,154 shares of the company’s stock valued at $7,502,000 after purchasing an additional 98,850 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in CareTrust REIT by 310.1% during the second quarter. Cerity Partners LLC now owns 36,640 shares of the company’s stock worth $1,121,000 after purchasing an additional 27,706 shares during the period. 87.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CTRE shares. Weiss Ratings lowered shares of CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, August 21st. Wells Fargo & Company increased their price target on shares of CareTrust REIT from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Cantor Fitzgerald boosted their price objective on CareTrust REIT from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Royal Bank Of Canada downgraded CareTrust REIT from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $44.00 to $43.00 in a research report on Friday, August 14th. Finally, Raymond James Financial began coverage on CareTrust REIT in a research note on Tuesday, June 16th. They set an “outperform” rating and a $43.00 target price on the stock. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $44.82.

Check Out Our Latest Report on CTRE

CareTrust REIT Trading Down 0.0%

CTRE stock opened at $39.02 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.57 and a current ratio of 0.57. The company’s 50-day simple moving average is $40.71 and its 200 day simple moving average is $39.78. CareTrust REIT, Inc. has a 52 week low of $32.79 and a 52 week high of $43.62. The company has a market capitalization of $9.22 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 1.54 and a beta of 0.75.

CareTrust REIT (NYSE:CTREGet Free Report) last posted 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. CareTrust REIT had a net margin of 62.19% and a return on equity of 8.52%. The firm had revenue of $161.35 million during the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. As a group, sell-side analysts anticipate that CareTrust REIT, Inc. will post 2.05 earnings per share for the current year.

CareTrust REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders 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 yield of 4.0%. CareTrust REIT’s payout ratio is currently 98.11%.

CareTrust REIT Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding CTRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CareTrust REIT, Inc. (NYSE:CTREFree Report).

Institutional Ownership by Quarter for CareTrust REIT (NYSE:CTRE)

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