Algert Global LLC Raises Holdings in CareTrust REIT, Inc. $CTRE

Algert Global LLC grew its holdings in shares of CareTrust REIT, Inc. (NYSE:CTRE) by 16.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 266,943 shares of the company’s stock after purchasing an additional 37,450 shares during the quarter. Algert Global LLC owned about 0.12% of CareTrust REIT worth $9,258,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CTRE. Vanguard Group Inc. raised its holdings in CareTrust REIT by 14.1% during the 3rd quarter. Vanguard Group Inc. now owns 32,973,216 shares of the company’s stock valued at $1,143,511,000 after acquiring an additional 4,067,975 shares during the period. State Street Corp boosted its holdings in shares of CareTrust REIT by 2.1% in the second quarter. State Street Corp now owns 10,929,194 shares of the company’s stock worth $338,026,000 after acquiring an additional 225,460 shares during the period. Geode Capital Management LLC boosted its holdings in shares of CareTrust REIT by 1.7% in the second quarter. Geode Capital Management LLC now owns 5,003,751 shares of the company’s stock worth $153,132,000 after acquiring an additional 84,904 shares during the period. Invesco Ltd. grew its position in shares of CareTrust REIT by 201.8% in the second quarter. Invesco Ltd. now owns 3,772,350 shares of the company’s stock valued at $115,434,000 after purchasing an additional 2,522,260 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of CareTrust REIT by 114.4% in the third quarter. Daiwa Securities Group Inc. now owns 3,238,307 shares of the company’s stock valued at $112,305,000 after purchasing an additional 1,728,043 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

CareTrust REIT Price Performance

Shares of NYSE CTRE opened at $40.16 on Tuesday. The firm has a market capitalization of $8.96 billion, a P/E ratio of 25.91, a P/E/G ratio of 2.72 and a beta of 0.74. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. The stock’s 50-day simple moving average is $38.67 and its two-hundred day simple moving average is $36.61. CareTrust REIT, Inc. has a twelve month low of $25.82 and a twelve month high of $41.72.

CareTrust REIT (NYSE:CTRE) last released its earnings results on Thursday, February 12th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $134.86 million during the quarter. CareTrust REIT had a return on equity of 8.98% and a net margin of 67.28%.CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS.

CareTrust REIT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.39 dividend. This is a positive change from CareTrust REIT’s previous quarterly dividend of $0.34. This represents a $1.56 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, March 31st. CareTrust REIT’s dividend payout ratio (DPR) is 86.45%.

Analysts Set New Price Targets

A number of analysts recently issued reports on CTRE shares. UBS Group increased their price objective on CareTrust REIT from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Citizens Jmp began coverage on shares of CareTrust REIT in a report on Thursday, January 22nd. They issued a “market outperform” rating and a $44.00 price target on the stock. BMO Capital Markets upgraded shares of CareTrust REIT from a “hold” rating to an “outperform” rating and set a $43.00 price objective for the company in a research report on Friday, January 9th. Jefferies Financial Group boosted their price objective on shares of CareTrust REIT from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Finally, Weiss Ratings raised shares of CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, January 26th. Three analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $42.80.

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.