Mirabella Financial Services LLP Raises Position in CareTrust REIT, Inc. $CTRE

Mirabella Financial Services LLP boosted its holdings in CareTrust REIT, Inc. (NYSE:CTRE) by 119.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 75,297 shares of the company’s stock after purchasing an additional 40,962 shares during the period. Mirabella Financial Services LLP’s holdings in CareTrust REIT were worth $2,606,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CTRE. Hudson Bay Capital Management LP grew its stake in shares of CareTrust REIT by 713.4% during the third quarter. Hudson Bay Capital Management LP now owns 1,710,528 shares of the company’s stock valued at $59,321,000 after buying an additional 1,989,394 shares during the last quarter. Allworth Financial LP lifted its stake in shares of CareTrust REIT by 114.0% in the 3rd quarter. Allworth Financial LP now owns 1,042 shares of the company’s stock valued at $36,000 after acquiring an additional 555 shares during the last quarter. Swiss Life Asset Management Ltd bought a new stake in shares of CareTrust REIT in the 3rd quarter valued at about $347,000. Cambria Investment Management L.P. boosted its holdings in CareTrust REIT by 15.6% during the 3rd quarter. Cambria Investment Management L.P. now owns 20,242 shares of the company’s stock valued at $702,000 after acquiring an additional 2,735 shares during the period. Finally, CIBC Private Wealth Group LLC purchased a new stake in CareTrust REIT during the 3rd quarter valued at about $63,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CTRE shares. KeyCorp lifted their price target on CareTrust REIT from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. BMO Capital Markets upgraded CareTrust REIT from a “hold” rating to an “outperform” rating and set a $43.00 price objective for the company in a research report on Friday, January 9th. Citigroup assumed coverage on CareTrust REIT in a research note on Thursday, January 22nd. They set a “market outperform” rating for the company. Citizens Jmp initiated coverage on shares of CareTrust REIT in a report on Thursday, January 22nd. They issued a “market outperform” rating and a $44.00 target price on the stock. Finally, The Goldman Sachs Group set a $44.00 target price on shares of CareTrust REIT in a research note on Thursday, January 22nd. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $42.80.

CareTrust REIT Stock Up 0.4%

NYSE CTRE opened at $39.87 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market capitalization of $8.90 billion, a PE ratio of 25.72, a PEG ratio of 2.69 and a beta of 0.74. CareTrust REIT, Inc. has a 1 year low of $25.82 and a 1 year high of $41.72. The business’s 50-day moving average is $38.78 and its 200 day moving average is $36.67.

CareTrust REIT (NYSE:CTRE) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $134.86 million for the quarter. CareTrust REIT had a return on equity of 8.98% and a net margin of 67.28%.CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS.

CareTrust REIT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.9%. This is a boost from CareTrust REIT’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Tuesday, March 31st. CareTrust REIT’s payout ratio is presently 86.45%.

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.