The Manufacturers Life Insurance Company Makes New $11.52 Million Investment in CareTrust REIT, Inc. $CTRE

The Manufacturers Life Insurance Company acquired a new stake in CareTrust REIT, Inc. (NYSE:CTRE) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 285,394 shares of the company’s stock, valued at approximately $11,516,000. The Manufacturers Life Insurance Company owned about 0.12% of CareTrust REIT at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CTRE. Kemnay Advisory Services Inc. acquired a new position in shares of CareTrust REIT during the 4th quarter worth about $27,000. Persistent Asset Partners Ltd acquired a new stake in shares of CareTrust REIT during the 2nd quarter worth about $31,000. Transamerica Financial Advisors LLC lifted its stake in CareTrust REIT by 520.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock worth $32,000 after purchasing an additional 728 shares during the last quarter. Compass Financial Management LLC purchased a new stake in CareTrust REIT during the second quarter worth approximately $34,000. Finally, EverSource Wealth Advisors LLC boosted its holdings 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 purchasing an additional 644 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

CareTrust REIT Trading Down 0.9%

Shares of CareTrust REIT stock opened at $39.02 on Friday. CareTrust REIT, Inc. has a 52-week low of $32.79 and a 52-week high of $43.62. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.27. The company’s 50-day simple moving average is $40.71 and its 200-day simple moving average is $39.77. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of 24.54, a price-to-earnings-growth ratio of 1.54 and a beta of 0.75.

CareTrust REIT (NYSE:CTRE) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $161.35 million during the quarter. CareTrust REIT had a net margin of 62.19% and a return on equity of 8.52%. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. As a group, equities research 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 disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.39 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.56 annualized dividend and a dividend yield of 4.0%. CareTrust REIT’s dividend payout ratio (DPR) is 98.11%.

Analyst Upgrades and Downgrades

CTRE has been the topic of a number of research analyst reports. Weiss Ratings cut shares of CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, August 21st. Mizuho set a $45.00 price target on shares of CareTrust REIT in a research report on Friday, May 22nd. Zacks Research upgraded shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. BMO Capital Markets boosted their target price on CareTrust REIT from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Finally, Royal Bank Of Canada downgraded CareTrust REIT from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $44.00 to $43.00 in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, CareTrust REIT presently has an average rating of “Moderate Buy” and a consensus price target of $44.82.

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.