one8zero8 LLC Invests $7.69 Million in CareTrust REIT, Inc. $CTRE

one8zero8 LLC acquired a new position in shares of CareTrust REIT, Inc. (NYSE:CTRE) in the second quarter, Holdings Channel reports. The firm acquired 190,500 shares of the company’s stock, valued at approximately $7,687,000. CareTrust REIT accounts for about 1.5% of one8zero8 LLC’s holdings, making the stock its 13th largest holding.

Other institutional investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its stake in CareTrust REIT by 0.7% in the fourth quarter. D.A. Davidson & CO. now owns 40,781 shares of the company’s stock valued at $1,475,000 after purchasing an additional 282 shares during the last quarter. Swiss Life Asset Management Ltd lifted its position in shares of CareTrust REIT by 2.9% during the fourth quarter. Swiss Life Asset Management Ltd now owns 10,309 shares of the company’s stock valued at $373,000 after buying an additional 291 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of CareTrust REIT by 1.1% during the first quarter. Kestra Private Wealth Services LLC now owns 27,684 shares of the company’s stock valued at $1,015,000 after buying an additional 297 shares during the last quarter. Tocqueville Asset Management L.P. boosted its holdings in shares of CareTrust REIT by 2.8% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 10,900 shares of the company’s stock valued at $378,000 after buying an additional 300 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of CareTrust REIT by 25.3% in the 4th quarter. UMB Bank n.a. now owns 1,525 shares of the company’s stock valued at $55,000 after buying an additional 308 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CTRE. Mizuho set a $45.00 price objective on shares of CareTrust REIT in a research report on Friday, May 22nd. KeyCorp reissued an “overweight” rating and set a $46.00 target price on shares of CareTrust REIT in a research report on Friday, May 29th. Citigroup restated a “market outperform” rating on shares of CareTrust REIT in a research note on Wednesday, June 10th. BMO Capital Markets lifted their price target on shares of CareTrust REIT from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Finally, Raymond James Financial started coverage on CareTrust REIT in a research report on Tuesday, June 16th. They set an “outperform” rating and a $43.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.82.

CareTrust REIT Trading Up 1.3%

NYSE CTRE opened at $39.81 on Thursday. The company has a fifty day simple moving average of $40.32 and a two-hundred day simple moving average of $39.68. The stock has a market cap of $9.41 billion, a P/E ratio of 25.04, a P/E/G ratio of 1.55 and a beta of 0.75. CareTrust REIT, Inc. has a 12-month low of $32.79 and a 12-month high of $43.62. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.27.

CareTrust REIT (NYSE:CTRE) last released its earnings results on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting 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, analysts forecast that CareTrust REIT, Inc. will post 2.05 earnings per share for the current year.

CareTrust REIT Dividend Announcement

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

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.