3,567,847 Shares in CareTrust REIT, Inc. $CTRE Bought by Deutsche Bank AG

Deutsche Bank AG acquired a new stake in CareTrust REIT, Inc. (NYSE:CTRE) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,567,847 shares of the company’s stock, valued at approximately $143,963,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Kemnay Advisory Services Inc. bought a new position in CareTrust REIT during the fourth quarter worth about $27,000. Persistent Asset Partners Ltd bought a new stake in shares of CareTrust REIT in the 2nd quarter valued at about $31,000. Transamerica Financial Advisors LLC increased its stake in shares of CareTrust REIT by 520.0% in the 4th 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. EverSource Wealth Advisors LLC raised its position in shares of CareTrust REIT by 134.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock valued at $34,000 after acquiring an additional 644 shares during the period. Finally, Mcguire Capital Advisors Inc. acquired a new stake in shares of CareTrust REIT in the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Ratings Changes

CTRE has been the subject of a number of analyst reports. Citigroup restated a “market outperform” rating on shares of CareTrust REIT in a report on Wednesday, June 10th. Cantor Fitzgerald lifted their price target on shares of CareTrust REIT from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Wells Fargo & Company boosted their price target on shares of CareTrust REIT from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Raymond James Financial started coverage on shares of CareTrust REIT in a research report on Tuesday, June 16th. They issued an “outperform” rating and a $43.00 price objective for the company. Finally, Zacks Research upgraded CareTrust REIT from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.82.

CareTrust REIT Price Performance

Shares of CTRE opened at $39.81 on Thursday. The stock has a 50 day simple moving average of $40.32 and a 200 day simple moving average of $39.68. CareTrust REIT, Inc. has a 52-week low of $32.79 and a 52-week high of $43.62. 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 $9.41 billion, a PE ratio of 25.04, a P/E/G ratio of 1.55 and a beta of 0.75.

CareTrust REIT (NYSE:CTRE) last announced its earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate 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. Sell-side analysts predict that CareTrust REIT, Inc. will post 2.05 EPS for the current fiscal 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 dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Tuesday, June 30th. CareTrust REIT’s dividend payout ratio (DPR) is presently 98.11%.

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.