CareTrust REIT, Inc. (NASDAQ:CTRE) Shares Bought by ORG Partners LLC

ORG Partners LLC raised its position in CareTrust REIT, Inc. (NASDAQ:CTRE) by 221,057.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,481 shares of the real estate investment trust’s stock after acquiring an additional 15,474 shares during the period. ORG Partners LLC’s holdings in CareTrust REIT were worth $419,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CTRE. Commonwealth Equity Services LLC lifted its position in CareTrust REIT by 12.3% in the second quarter. Commonwealth Equity Services LLC now owns 12,596 shares of the real estate investment trust’s stock valued at $316,000 after purchasing an additional 1,375 shares during the period. Victory Capital Management Inc. raised its stake in shares of CareTrust REIT by 0.9% during the 2nd quarter. Victory Capital Management Inc. now owns 779,491 shares of the real estate investment trust’s stock worth $19,565,000 after buying an additional 7,113 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of CareTrust REIT by 15.4% in the 2nd quarter. Arizona State Retirement System now owns 37,791 shares of the real estate investment trust’s stock valued at $949,000 after buying an additional 5,056 shares during the period. Quest Partners LLC purchased a new stake in shares of CareTrust REIT in the second quarter valued at approximately $40,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in CareTrust REIT by 34.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 109,571 shares of the real estate investment trust’s stock worth $2,678,000 after acquiring an additional 27,852 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

CTRE has been the subject of a number of recent analyst reports. Wells Fargo & Company raised CareTrust REIT from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $28.00 to $34.00 in a report on Tuesday, October 1st. KeyCorp raised their price objective on shares of CareTrust REIT from $27.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Wedbush lowered shares of CareTrust REIT from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $34.00 to $26.00 in a research report on Thursday, January 2nd. Finally, BMO Capital Markets downgraded shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $34.00 to $32.00 in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, two have given 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 “Hold” and a consensus target price of $30.67.

CareTrust REIT Trading Down 3.0 %

NASDAQ:CTRE opened at $26.12 on Friday. CareTrust REIT, Inc. has a 52-week low of $20.10 and a 52-week high of $33.15. The company has a quick ratio of 7.60, a current ratio of 7.60 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $28.93 and a 200-day simple moving average of $28.80. The company has a market capitalization of $4.48 billion, a PE ratio of 36.28, a price-to-earnings-growth ratio of 1.59 and a beta of 1.09.

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

CareTrust REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend is Tuesday, December 31st. CareTrust REIT’s dividend payout ratio (DPR) is presently 161.11%.

About CareTrust REIT

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.