CareTrust REIT, Inc. $CTRE Position Boosted by SG Americas Securities LLC

SG Americas Securities LLC increased its position in CareTrust REIT, Inc. (NYSE:CTRE) by 737.0% in the fourth quarter, Holdings Channel reports. The firm owned 865,129 shares of the company’s stock after purchasing an additional 761,769 shares during the quarter. SG Americas Securities LLC’s holdings in CareTrust REIT were worth $31,283,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CTRE. Aberdeen Group plc raised its position in shares of CareTrust REIT by 22.1% during the 3rd quarter. Aberdeen Group plc now owns 84,824 shares of the company’s stock valued at $2,911,000 after acquiring an additional 15,374 shares in the last quarter. AGF Management Ltd. acquired a new position in CareTrust REIT in the third quarter worth $538,000. Allspring Global Investments Holdings LLC increased its stake in CareTrust REIT by 31.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 358,025 shares of the company’s stock valued at $12,617,000 after purchasing an additional 85,022 shares during the last quarter. Principal Financial Group Inc. increased its stake in CareTrust REIT by 30.0% during the third quarter. Principal Financial Group Inc. now owns 1,235,559 shares of the company’s stock valued at $42,849,000 after purchasing an additional 285,209 shares during the last quarter. Finally, Copeland Capital Management LLC raised its holdings in shares of CareTrust REIT by 350.9% during the third quarter. Copeland Capital Management LLC now owns 1,716,101 shares of the company’s stock worth $59,514,000 after purchasing an additional 1,335,513 shares during the period. 87.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CTRE. Weiss Ratings upgraded shares of CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, January 26th. The Goldman Sachs Group set a $44.00 price objective on shares of CareTrust REIT in a research note on Thursday, January 22nd. Royal Bank Of Canada raised their target price on shares of CareTrust REIT from $41.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. BMO Capital Markets upgraded CareTrust REIT from a “hold” rating to an “outperform” rating and set a $43.00 target price for the company in a research note on Friday, January 9th. Finally, Citizens Jmp began coverage on CareTrust REIT in a research report on Thursday, January 22nd. They set a “market outperform” rating and a $44.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $42.80.

CareTrust REIT Stock Up 1.2%

CTRE stock opened at $37.57 on Thursday. The firm’s 50-day moving average is $38.82 and its two-hundred day moving average is $36.79. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 2.52 and a beta of 0.74. CareTrust REIT, Inc. has a 52 week low of $25.82 and a 52 week high of $41.72. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.22.

CareTrust REIT (NYSE:CTRE) last released its earnings results on Thursday, February 12th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. CareTrust REIT had a return on equity of 8.98% and a net margin of 67.28%.The firm had revenue of $134.86 million during the quarter. CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS.

CareTrust REIT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.39 dividend. This is a boost from CareTrust REIT’s previous quarterly dividend of $0.34. The ex-dividend date is Tuesday, March 31st. This represents a $1.56 annualized dividend and a dividend yield of 4.2%. CareTrust REIT’s payout ratio is currently 86.45%.

About CareTrust REIT

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.