Greenland Capital Management LP Makes New Investment in CareTrust REIT, Inc. $CTRE

Greenland Capital Management LP acquired a new position in CareTrust REIT, Inc. (NYSE:CTRE) in the second quarter, HoldingsChannel reports. The firm acquired 240,000 shares of the company’s stock, valued at approximately $9,684,000. CareTrust REIT comprises about 1.2% of Greenland Capital Management LP’s holdings, making the stock its 14th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in CTRE. D.A. Davidson & CO. lifted its stake in CareTrust REIT by 0.7% in the fourth quarter. D.A. Davidson & CO. now owns 40,781 shares of the company’s stock worth $1,475,000 after purchasing an additional 282 shares during the last quarter. Swiss Life Asset Management Ltd grew its stake in shares of CareTrust REIT by 2.9% during the fourth quarter. Swiss Life Asset Management Ltd now owns 10,309 shares of the company’s stock valued at $373,000 after buying an additional 291 shares during the last quarter. Kestra Private Wealth Services LLC grew its stake in shares of CareTrust REIT by 1.1% during the first quarter. Kestra Private Wealth Services LLC now owns 27,684 shares of the company’s stock valued at $1,015,000 after buying an additional 297 shares during the last quarter. Tocqueville Asset Management L.P. increased its holdings in shares of CareTrust REIT by 2.8% in the third quarter. Tocqueville Asset Management L.P. now owns 10,900 shares of the company’s stock worth $378,000 after buying an additional 300 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of CareTrust REIT by 25.3% in the fourth quarter. UMB Bank n.a. now owns 1,525 shares of the company’s stock worth $55,000 after buying an additional 308 shares during the period. Institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wells Fargo & Company raised their price target on CareTrust REIT from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Weiss Ratings lowered CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday. Cantor Fitzgerald lifted their target price on shares of CareTrust REIT from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Royal Bank Of Canada cut shares of CareTrust REIT from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $44.00 to $43.00 in a research report on Friday, August 14th. Finally, Zacks Research upgraded shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $44.82.

CareTrust REIT Trading Down 0.1%

CTRE opened at $39.71 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.27. CareTrust REIT, Inc. has a 52 week low of $32.79 and a 52 week high of $43.62. The stock has a market cap of $9.38 billion, a PE ratio of 24.97, a PEG ratio of 1.56 and a beta of 0.75. The business has a 50 day moving average of $40.44 and a 200-day moving average of $39.70.

CareTrust REIT (NYSE:CTRE) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $161.35 million for the quarter. CareTrust REIT had a return on equity of 8.52% and a net margin of 62.19%.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 fiscal year.

CareTrust REIT Announces Dividend

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

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.