Keebeck Wealth Management Buys New Position in CareTrust REIT, Inc. $CTRE

Keebeck Wealth Management bought a new stake in shares of CareTrust REIT, Inc. (NYSE:CTRE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 13,658 shares of the company’s stock, valued at approximately $554,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Kemnay Advisory Services Inc. bought a new stake in shares of CareTrust REIT during the 4th quarter worth $27,000. Persistent Asset Partners Ltd purchased a new position in CareTrust REIT in the second quarter worth $31,000. Transamerica Financial Advisors LLC increased its stake in CareTrust REIT by 520.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock valued at $32,000 after acquiring an additional 728 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in CareTrust REIT by 134.2% in the second 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, Mcguire Capital Advisors Inc. purchased a new stake in CareTrust REIT during the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

CTRE has been the subject of a number of research reports. Mizuho set a $45.00 price objective on CareTrust REIT in a report on Friday, May 22nd. Raymond James Financial began coverage on CareTrust REIT in a report on Tuesday, June 16th. They set an “outperform” rating and a $43.00 price objective on the stock. Wells Fargo & Company boosted their target price on CareTrust REIT from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Zacks Research upgraded shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Royal Bank Of Canada downgraded shares of CareTrust REIT from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $44.00 to $43.00 in a research note on Friday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $44.82.

CareTrust REIT Stock Down 0.1%

Shares of NYSE:CTRE opened at $39.71 on Friday. The stock’s 50-day moving average price is $40.44 and its 200-day moving average price is $39.70. CareTrust REIT, Inc. has a 12-month low of $32.79 and a 12-month high of $43.62. The stock has a market capitalization of $9.38 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 1.57 and a beta of 0.75. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.27.

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

CareTrust REIT Announces Dividend

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