Van ECK Associates Corp Increases Holdings in CareTrust REIT, Inc. $CTRE

Van ECK Associates Corp lifted its stake in CareTrust REIT, Inc. (NYSE:CTRE) by 27.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,505 shares of the company’s stock after buying an additional 34,134 shares during the period. Van ECK Associates Corp’s holdings in CareTrust REIT were worth $6,436,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. BlackRock Inc. acquired a new stake in CareTrust REIT in the second quarter valued at approximately $1,643,290,000. State Street Corp lifted its position in shares of CareTrust REIT by 1.8% during the fourth quarter. State Street Corp now owns 12,426,213 shares of the company’s stock worth $453,411,000 after purchasing an additional 219,641 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of CareTrust REIT by 18.1% during the fourth quarter. Wellington Management Group LLP now owns 12,355,966 shares of the company’s stock worth $446,792,000 after purchasing an additional 1,893,143 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of CareTrust REIT by 108.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,493,898 shares of the company’s stock valued at $234,820,000 after purchasing an additional 3,379,732 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of CareTrust REIT by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 6,092,398 shares of the company’s stock valued at $220,332,000 after purchasing an additional 409,411 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CTRE. Raymond James Financial assumed coverage on CareTrust REIT in a research note on Tuesday, June 16th. They set an “outperform” rating and a $43.00 target price for the company. Citigroup reissued a “market outperform” rating on shares of CareTrust REIT in a report on Wednesday, June 10th. KeyCorp restated an “overweight” rating and set a $46.00 price objective on shares of CareTrust REIT in a research note on Friday, May 29th. Cantor Fitzgerald raised their price objective on CareTrust REIT from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Finally, BMO Capital Markets lifted their price objective on CareTrust REIT from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.55.

CareTrust REIT Trading Down 0.6%

NYSE CTRE opened at $39.67 on Thursday. CareTrust REIT, Inc. has a one year low of $32.79 and a one year high of $43.62. The company has a 50-day simple moving average of $40.77 and a 200-day simple moving average of $39.78. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market capitalization of $9.37 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 1.57 and a beta of 0.76.

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

CareTrust REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.39 dividend. 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 dividend 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.