Allspring Global Investments Holdings LLC Purchases 112,035 Shares of CareTrust REIT, Inc. $CTRE

Allspring Global Investments Holdings LLC lifted its position in shares of CareTrust REIT, Inc. (NYSE:CTRE) by 31.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 470,060 shares of the company’s stock after buying an additional 112,035 shares during the period. Allspring Global Investments Holdings LLC owned about 0.21% of CareTrust REIT worth $17,068,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CTRE. Aberdeen Group plc boosted its position in CareTrust REIT by 22.1% during the third quarter. Aberdeen Group plc now owns 84,824 shares of the company’s stock valued at $2,911,000 after purchasing an additional 15,374 shares during the last quarter. AGF Management Ltd. acquired a new position in shares of CareTrust REIT during the 3rd quarter worth approximately $538,000. Principal Financial Group Inc. raised its stake in shares of CareTrust REIT by 30.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,235,559 shares of the company’s stock worth $42,849,000 after purchasing an additional 285,209 shares in the last quarter. Copeland Capital Management LLC raised its stake in shares of CareTrust REIT by 350.9% during the 3rd quarter. Copeland Capital Management LLC now owns 1,716,101 shares of the company’s stock worth $59,514,000 after purchasing an additional 1,335,513 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of CareTrust REIT by 133.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 248,875 shares of the company’s stock valued at $8,631,000 after buying an additional 142,226 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CTRE shares. Zacks Research downgraded shares of CareTrust REIT from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 25th. BMO Capital Markets raised 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. Citizens Jmp began coverage on shares of CareTrust REIT in a research note on Thursday, January 22nd. They set a “market outperform” rating and a $44.00 price objective on the stock. The Goldman Sachs Group set a $44.00 target price on shares of CareTrust REIT in a report on Thursday, January 22nd. Finally, Jefferies Financial Group raised their target price 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. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $42.82.

CareTrust REIT Trading Up 0.0%

Shares of NYSE:CTRE opened at $38.33 on Friday. The business’s 50 day simple moving average is $38.83 and its 200 day simple moving average is $36.95. CareTrust REIT, Inc. has a 1 year low of $25.82 and a 1 year high of $41.72. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market capitalization of $8.56 billion, a P/E ratio of 24.73, a P/E/G ratio of 2.58 and a beta of 0.77.

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

CareTrust REIT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.39 per share. This is a boost from CareTrust REIT’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.1%. CareTrust REIT’s payout ratio is currently 86.45%.

CareTrust REIT Company 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.