CareTrust REIT, Inc. (NASDAQ:CTRE) Shares Purchased by First National Bank of Omaha

First National Bank of Omaha boosted its holdings in CareTrust REIT, Inc. (NASDAQ:CTRE) by 17.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,921 shares of the real estate investment trust’s stock after purchasing an additional 2,339 shares during the quarter. First National Bank of Omaha’s holdings in CareTrust REIT were worth $491,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CTRE. Newbridge Financial Services Group Inc. acquired a new stake in CareTrust REIT during the second quarter worth about $27,000. Blue Trust Inc. increased its stake in CareTrust REIT by 178.3% during the third quarter. Blue Trust Inc. now owns 1,205 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 772 shares during the last quarter. Rothschild Investment LLC acquired a new stake in CareTrust REIT during the second quarter worth about $34,000. Quest Partners LLC acquired a new stake in CareTrust REIT during the second quarter worth about $40,000. Finally, Loomis Sayles & Co. L P increased its stake in CareTrust REIT by 5,527.8% during the third quarter. Loomis Sayles & Co. L P now owns 2,026 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 1,990 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

CareTrust REIT Stock Down 1.8 %

Shares of CareTrust REIT stock opened at $28.81 on Tuesday. The company has a current ratio of 7.60, a quick ratio of 7.60 and a debt-to-equity ratio of 0.16. The business’s 50 day simple moving average is $30.49 and its 200-day simple moving average is $28.52. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 40.01 and a beta of 1.08. CareTrust REIT, Inc. has a twelve month low of $20.10 and a twelve month high of $33.15.

CareTrust REIT (NASDAQ:CTRE) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.08). CareTrust REIT had a net margin of 36.88% and a return on equity of 5.32%. The business had revenue of $77.38 million during the quarter, compared to analyst estimates of $74.12 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. Equities research analysts forecast that CareTrust REIT, Inc. will post 1.5 earnings per share for the current year.

CareTrust REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Monday, September 30th. CareTrust REIT’s dividend payout ratio is currently 161.11%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada upped their target price on CareTrust REIT from $27.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. KeyCorp increased their target price on CareTrust REIT from $27.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Wells Fargo & Company raised CareTrust REIT from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $28.00 to $34.00 in a report on Tuesday, October 1st. Finally, BMO Capital Markets downgraded CareTrust REIT from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $34.00 to $32.00 in a report on Monday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $30.67.

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.