CareTrust REIT, Inc. (NASDAQ:CTRE) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,645 shares of the real estate investment trust’s stock after selling 1,475 shares during the quarter. D.A. Davidson & CO.’s holdings in CareTrust REIT were worth $991,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Creative Planning boosted its holdings in CareTrust REIT by 76.6% during the third quarter. Creative Planning now owns 62,378 shares of the real estate investment trust’s stock worth $1,925,000 after buying an additional 27,048 shares in the last quarter. Blue Trust Inc. raised its position in shares of CareTrust REIT by 178.3% during the 3rd quarter. Blue Trust Inc. now owns 1,205 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 772 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of CareTrust REIT by 31.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 38,465 shares of the real estate investment trust’s stock valued at $1,187,000 after acquiring an additional 9,238 shares in the last quarter. Signaturefd LLC lifted its holdings in CareTrust REIT by 55.0% in the 3rd quarter. Signaturefd LLC now owns 2,185 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 775 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in CareTrust REIT during the third quarter worth about $500,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CTRE has been the topic of a number of research reports. Wedbush lowered shares of CareTrust REIT from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $34.00 to $26.00 in a research note on Thursday, January 2nd. BMO Capital Markets downgraded CareTrust REIT from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $34.00 to $32.00 in a research report on Monday, December 9th. Finally, Royal Bank of Canada lowered their price objective on CareTrust REIT from $37.00 to $32.00 and set an “outperform” rating on the stock in a research note on Friday. One equities research 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $30.83.

CareTrust REIT Stock Down 2.8 %

CTRE stock opened at $24.90 on Monday. CareTrust REIT, Inc. has a one year low of $22.46 and a one year high of $33.15. The firm has a market cap of $4.67 billion, a PE ratio of 31.51, a PEG ratio of 1.25 and a beta of 1.09. The firm’s 50 day moving average price is $26.73 and its 200-day moving average price is $28.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.82 and a current ratio of 3.82.

CareTrust REIT (NASDAQ:CTRE) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12). CareTrust REIT had a net margin of 42.22% and a return on equity of 5.59%. During the same period in the previous year, the company posted $0.25 earnings per share. On average, equities research analysts anticipate that CareTrust REIT, Inc. will post 1.71 EPS for the current year.

CareTrust REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.29 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.16 dividend on an annualized basis and a yield of 4.66%. CareTrust REIT’s payout ratio is currently 146.84%.

CareTrust REIT Company 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.