Man Group plc Buys Shares of 19,724 CareTrust REIT, Inc. $CTRE

Man Group plc purchased a new position in CareTrust REIT, Inc. (NYSE:CTRE) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 19,724 shares of the company’s stock, valued at approximately $796,000.

A number of other institutional investors have also recently made changes to their positions in CTRE. 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. Compass Financial Management LLC bought a new position in CareTrust REIT in the second quarter valued at $34,000. Finally, EverSource Wealth Advisors LLC raised its position in CareTrust REIT by 134.2% during 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. Institutional investors own 87.77% of the company’s stock.

CareTrust REIT Stock Performance

NYSE CTRE opened at $39.53 on Friday. The company has a 50-day simple moving average of $40.77 and a two-hundred day simple moving average of $39.78. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.27. CareTrust REIT, Inc. has a 12-month low of $32.79 and a 12-month high of $43.62. The firm has a market cap of $9.34 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 1.56 and a beta of 0.76.

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 forecast that CareTrust REIT, Inc. will post 2.05 EPS for the current year.

CareTrust REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.39 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.56 annualized dividend and a yield of 3.9%. CareTrust REIT’s payout ratio is presently 98.11%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Mizuho set a $45.00 price objective on CareTrust REIT in a report on Friday, May 22nd. BMO Capital Markets raised their price objective on CareTrust REIT from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Weiss Ratings lowered CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, August 21st. Cantor Fitzgerald upped their target price on CareTrust REIT from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Finally, KeyCorp reiterated an “overweight” rating and set a $46.00 price target on shares of CareTrust REIT in a research report on Friday, May 29th. One 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.55.

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.