CareTrust REIT, Inc. $CTRE Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its position in shares of CareTrust REIT, Inc. (NYSE:CTRE) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 413,024 shares of the company’s stock after selling 24,225 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.18% of CareTrust REIT worth $15,311,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CTRE. EverSource Wealth Advisors LLC increased its holdings in shares of CareTrust REIT by 134.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock valued at $34,000 after purchasing an additional 644 shares during the last quarter. Heritage Wealth Advisors increased its holdings in shares of CareTrust REIT by 42.9% in the third quarter. Heritage Wealth Advisors now owns 1,000 shares of the company’s stock valued at $35,000 after purchasing an additional 300 shares during the last quarter. Allworth Financial LP increased its holdings in shares of CareTrust REIT by 114.0% in the third quarter. Allworth Financial LP now owns 1,042 shares of the company’s stock valued at $36,000 after purchasing an additional 555 shares during the last quarter. Groesbeck Investment Management Corp NJ acquired a new stake in shares of CareTrust REIT in the fourth quarter valued at approximately $43,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of CareTrust REIT by 75.1% in the third quarter. Farther Finance Advisors LLC now owns 1,492 shares of the company’s stock valued at $52,000 after purchasing an additional 640 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CTRE. BMO Capital Markets raised CareTrust REIT from a “hold” rating to an “outperform” rating and set a $43.00 target price for the company in a research note on Friday, January 9th. Cantor Fitzgerald raised their target price on CareTrust REIT from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Royal Bank Of Canada raised their target price on CareTrust REIT from $41.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Weiss Ratings raised CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, January 26th. Finally, Zacks Research cut CareTrust REIT from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 25th. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $42.82.

CareTrust REIT Trading Down 0.2%

NYSE:CTRE opened at $39.44 on Tuesday. The firm has a market cap of $8.80 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 2.64 and a beta of 0.77. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average price of $39.24 and a 200 day moving average price of $37.32. CareTrust REIT, Inc. has a 12-month low of $27.27 and a 12-month high of $41.72.

CareTrust REIT (NYSE:CTRE) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. CareTrust REIT had a return on equity of 8.98% and a net margin of 67.28%.The company had revenue of $134.86 million during the quarter. CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS. Sell-side analysts anticipate that CareTrust REIT, Inc. will post 1.98 earnings per share for the current fiscal year.

CareTrust REIT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a $0.39 dividend. This is a boost from CareTrust REIT’s previous quarterly dividend of $0.34. The ex-dividend date was Tuesday, March 31st. This represents a $1.56 annualized dividend and a yield of 4.0%. CareTrust REIT’s payout ratio is presently 86.45%.

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.