19,000 Shares in CareTrust REIT, Inc. $CTRE Purchased by Pensionfund Sabic

Pensionfund Sabic acquired a new position in CareTrust REIT, Inc. (NYSE:CTRE) in the 4th quarter, HoldingsChannel reports. The fund acquired 19,000 shares of the company’s stock, valued at approximately $687,000.

Several other large investors have also modified their holdings of CTRE. Royal Bank of Canada raised its holdings in shares of CareTrust REIT by 36.4% in the first quarter. Royal Bank of Canada now owns 179,501 shares of the company’s stock worth $5,129,000 after buying an additional 47,936 shares during the period. NewEdge Advisors LLC boosted its holdings in CareTrust REIT by 11.3% during the 1st quarter. NewEdge Advisors LLC now owns 33,628 shares of the company’s stock valued at $961,000 after acquiring an additional 3,408 shares during the period. Creative Planning boosted its holdings in CareTrust REIT by 3.0% during the 2nd quarter. Creative Planning now owns 72,835 shares of the company’s stock valued at $2,229,000 after acquiring an additional 2,123 shares during the period. Cetera Investment Advisers grew its position in CareTrust REIT by 5.6% in the 2nd quarter. Cetera Investment Advisers now owns 41,806 shares of the company’s stock valued at $1,279,000 after acquiring an additional 2,224 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in CareTrust REIT by 1.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,421,588 shares of the company’s stock valued at $43,501,000 after acquiring an additional 20,158 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on CTRE shares. Jefferies Financial Group lifted their target price on CareTrust REIT from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. The Goldman Sachs Group set a $44.00 price target on shares of CareTrust REIT in a report on Thursday, January 22nd. Citigroup initiated coverage on shares of CareTrust REIT in a report on Thursday, January 22nd. They set a “market outperform” rating for the company. Weiss Ratings raised shares of CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, January 26th. Finally, KeyCorp upped their target price on shares of CareTrust REIT from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, CareTrust REIT presently has a consensus rating of “Buy” and an average price target of $42.80.

CareTrust REIT Trading Up 1.2%

Shares of NYSE CTRE opened at $37.57 on Thursday. CareTrust REIT, Inc. has a twelve month low of $25.82 and a twelve month high of $41.72. The firm has a market cap of $8.39 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 2.52 and a beta of 0.74. The business has a fifty day simple moving average of $38.82 and a two-hundred day simple moving average of $36.79. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.22.

CareTrust REIT (NYSE:CTRE) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $134.86 million for 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.39 per share. This is a positive change 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 yield of 4.2%. CareTrust REIT’s payout ratio is 86.45%.

CareTrust REIT 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.