Corient Private Wealth LP Buys New Position in CareTrust REIT, Inc. $CTRE

Corient Private Wealth LP purchased a new position in shares of CareTrust REIT, Inc. (NYSE:CTRE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 166,867 shares of the company’s stock, valued at approximately $6,733,000.

Other large investors have also bought and sold shares of the company. Kemnay Advisory Services Inc. bought a new stake in shares of CareTrust REIT in the 4th quarter worth $27,000. Persistent Asset Partners Ltd bought a new position in shares of CareTrust REIT during the second quarter valued at about $31,000. Transamerica Financial Advisors LLC boosted its holdings 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 position in CareTrust REIT during the second quarter worth about $34,000. Finally, EverSource Wealth Advisors LLC grew its position in CareTrust REIT by 134.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock worth $34,000 after purchasing an additional 644 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Royal Bank Of Canada lowered shares of CareTrust REIT from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $44.00 to $43.00 in a research note on Friday, August 14th. Zacks Research upgraded CareTrust REIT from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Cantor Fitzgerald upped their target price on CareTrust REIT from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Wells Fargo & Company increased their price target on CareTrust REIT from $42.00 to $47.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Finally, Raymond James Financial started coverage on CareTrust REIT in a report on Tuesday, June 16th. They set an “outperform” rating and a $43.00 price target on the stock. One investment 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.82.

CareTrust REIT Stock Performance

NYSE CTRE opened at $39.02 on Monday. The company has a market capitalization of $9.22 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 1.54 and a beta of 0.75. 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, Inc. has a 52-week low of $32.79 and a 52-week high of $43.62. The company has a 50-day simple moving average of $40.71 and a 200 day simple moving average of $39.78.

CareTrust REIT (NYSE:CTRE) last released its earnings results on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. CareTrust REIT had a net margin of 62.19% and a return on equity of 8.52%. 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, research analysts predict that CareTrust REIT, Inc. will post 2.05 EPS for the current year.

CareTrust REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.0%. 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.