Capital Fund Management S.A. Makes New Investment in CareTrust REIT, Inc. $CTRE

Capital Fund Management S.A. acquired a new stake in CareTrust REIT, Inc. (NASDAQ:CTRE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,129 shares of the real estate investment trust’s stock, valued at approximately $555,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nuveen LLC bought a new stake in CareTrust REIT in the 1st quarter valued at $49,049,000. Vanguard Group Inc. increased its holdings in shares of CareTrust REIT by 4.9% in the first quarter. Vanguard Group Inc. now owns 28,636,981 shares of the real estate investment trust’s stock valued at $818,445,000 after purchasing an additional 1,336,348 shares during the last quarter. Alyeska Investment Group L.P. raised its position in shares of CareTrust REIT by 51.3% in the first quarter. Alyeska Investment Group L.P. now owns 2,094,848 shares of the real estate investment trust’s stock valued at $59,871,000 after purchasing an additional 710,006 shares during the period. Alliancebernstein L.P. raised its position in shares of CareTrust REIT by 173.9% in the first quarter. Alliancebernstein L.P. now owns 682,066 shares of the real estate investment trust’s stock valued at $19,493,000 after purchasing an additional 433,020 shares during the period. Finally, Strs Ohio acquired a new stake in shares of CareTrust REIT during the 1st quarter worth about $11,228,000. 87.77% of the stock is currently owned by institutional investors.

CareTrust REIT Stock Down 0.2%

NASDAQ CTRE opened at $37.70 on Friday. The company has a current ratio of 3.82, a quick ratio of 3.82 and a debt-to-equity ratio of 0.14. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 47.72, a PEG ratio of 1.25 and a beta of 0.77. The company has a 50 day moving average of $35.55 and a 200-day moving average of $33.04. CareTrust REIT, Inc. has a 1-year low of $24.79 and a 1-year high of $38.32.

CareTrust REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, September 30th. CareTrust REIT’s dividend payout ratio is presently 100.00%.

Analyst Ratings Changes

CTRE has been the topic of a number of research reports. Raymond James Financial set a $39.00 price target on shares of CareTrust REIT and gave the company a “strong-buy” rating in a research note on Tuesday, September 2nd. Wells Fargo & Company upped their target price on CareTrust REIT from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. KeyCorp increased their target price on CareTrust REIT from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday. Royal Bank Of Canada lifted their price target on CareTrust REIT from $36.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, November 10th. Finally, UBS Group started coverage on CareTrust REIT in a report on Tuesday, November 18th. They issued a “buy” rating and a $42.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.56.

CareTrust REIT Profile

CareTrust REIT, Inc’s (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas.