CareTrust REIT, Inc. $CTRE Shares Sold by Danske Bank A S

Danske Bank A S cut its stake in CareTrust REIT, Inc. (NYSE:CTRE) by 92.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,400 shares of the company’s stock after selling 30,767 shares during the period. Danske Bank A S’s holdings in CareTrust REIT were worth $87,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of CareTrust REIT by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 33,184,181 shares of the company’s stock valued at $1,199,940,000 after purchasing an additional 210,965 shares in the last quarter. State Street Corp grew its position in shares of CareTrust REIT by 11.7% in the third quarter. State Street Corp now owns 12,206,572 shares of the company’s stock valued at $427,336,000 after purchasing an additional 1,277,378 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of CareTrust REIT by 114.4% in the third quarter. Daiwa Securities Group Inc. now owns 3,238,307 shares of the company’s stock valued at $112,305,000 after purchasing an additional 1,728,043 shares in the last quarter. Alyeska Investment Group L.P. grew its position in shares of CareTrust REIT by 19.5% in the third quarter. Alyeska Investment Group L.P. now owns 3,116,292 shares of the company’s stock valued at $108,073,000 after purchasing an additional 509,298 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of CareTrust REIT by 17.8% in the third quarter. Dimensional Fund Advisors LP now owns 3,100,590 shares of the company’s stock valued at $107,525,000 after purchasing an additional 468,719 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CTRE shares. Wells Fargo & Company upped their price target on CareTrust REIT from $41.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, March 26th. Cantor Fitzgerald upped their price target on CareTrust REIT from $37.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. BMO Capital Markets upgraded CareTrust REIT from a “hold” rating to an “outperform” rating and set a $43.00 price target for the company in a research report on Friday, January 9th. The Goldman Sachs Group set a $44.00 price target on CareTrust REIT in a research report on Thursday, January 22nd. Finally, UBS Group upped their price target on CareTrust REIT from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $42.82.

CareTrust REIT Trading Down 0.0%

Shares of CareTrust REIT stock opened at $39.47 on Friday. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 2.64 and a beta of 0.77. CareTrust REIT, Inc. has a fifty-two week low of $27.72 and a fifty-two week high of $41.72. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a 50 day moving average of $38.97 and a 200 day moving average of $37.69.

CareTrust REIT (NYSE:CTRE) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. The company had revenue of $134.86 million during 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. As a group, research analysts predict that CareTrust REIT, Inc. will post 1.98 earnings per share for the current year.

CareTrust REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a $0.39 dividend. The ex-dividend date was Tuesday, March 31st. This is a positive change from CareTrust REIT’s previous quarterly dividend of $0.34. This represents a $1.56 annualized dividend and a yield of 4.0%. CareTrust REIT’s dividend payout ratio (DPR) is currently 86.45%.

About CareTrust REIT

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.