GSA Capital Partners LLP Takes Position in CareTrust REIT, Inc. $CTRE

GSA Capital Partners LLP acquired a new stake in CareTrust REIT, Inc. (NYSE:CTRE) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 16,145 shares of the company’s stock, valued at approximately $651,000.

A number of other large investors have also recently bought and sold shares of the business. Kemnay Advisory Services Inc. bought a new position in CareTrust REIT during the fourth quarter valued at about $27,000. Transamerica Financial Advisors LLC boosted its stake in shares of CareTrust REIT by 520.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock worth $32,000 after acquiring an additional 728 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new stake in shares of CareTrust REIT during the 4th quarter worth about $40,000. EverSource Wealth Advisors LLC increased its holdings in shares of CareTrust REIT by 134.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock valued at $34,000 after acquiring an additional 644 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of CareTrust REIT during the 4th quarter valued at about $44,000. 87.77% of the stock is currently owned by institutional investors.

CareTrust REIT Trading Down 0.0%

Shares of NYSE:CTRE opened at $39.81 on Friday. The company has a market cap of $9.41 billion, a P/E ratio of 25.04, a P/E/G ratio of 1.57 and a beta of 0.75. The stock’s 50-day moving average is $40.38 and its 200-day moving average is $39.70. CareTrust REIT, Inc. has a 52-week low of $32.79 and a 52-week high of $43.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.57 and a current ratio of 0.57.

CareTrust REIT (NYSE:CTRE) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. CareTrust REIT had a return on equity of 8.52% and a net margin of 62.19%.The business had revenue of $161.35 million for the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. Equities research analysts predict that CareTrust REIT, Inc. will post 2.05 earnings per share for the current year.

CareTrust REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, June 30th. CareTrust REIT’s payout ratio is currently 98.11%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Zacks Research upgraded CareTrust REIT from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Citigroup reiterated a “market outperform” rating on shares of CareTrust REIT in a report on Wednesday, June 10th. BMO Capital Markets lifted their price target on shares of CareTrust REIT from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. KeyCorp reissued an “overweight” rating and issued a $46.00 price target on shares of CareTrust REIT in a research report on Friday, May 29th. Finally, Mizuho set a $45.00 price objective on shares of CareTrust REIT in a research note on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, CareTrust REIT currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.82.

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.