1,161,477 Shares in CareTrust REIT, Inc. $CTRE Bought by Legal & General Group Plc

Legal & General Group Plc acquired a new stake in shares of CareTrust REIT, Inc. (NYSE:CTRE) in the second quarter, HoldingsChannel reports. The fund acquired 1,161,477 shares of the company’s stock, valued at approximately $46,866,000.

Several other institutional investors have also made changes to their positions in the company. Kemnay Advisory Services Inc. bought a new position in CareTrust REIT during the fourth quarter valued at approximately $27,000. Persistent Asset Partners Ltd bought a new stake in CareTrust REIT in the second quarter worth approximately $31,000. Transamerica Financial Advisors LLC increased its stake in shares of CareTrust REIT by 520.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock worth $32,000 after purchasing an additional 728 shares during the last quarter. Compass Financial Management LLC acquired a new position in shares of CareTrust REIT during the 2nd quarter worth $34,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of CareTrust REIT by 134.2% during the 2nd 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. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CTRE has been the subject of several analyst reports. Weiss Ratings lowered shares of CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, August 21st. Citigroup reissued a “market outperform” rating on shares of CareTrust REIT in a research report on Wednesday, June 10th. Zacks Research upgraded CareTrust REIT from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Raymond James Financial began coverage on CareTrust REIT in a research report on Tuesday, June 16th. They issued an “outperform” rating and a $43.00 price target for the company. Finally, KeyCorp reiterated an “overweight” rating and set a $46.00 price target on shares of CareTrust REIT in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $44.82.

CareTrust REIT Stock Performance

NYSE:CTRE opened at $39.02 on Friday. CareTrust REIT, Inc. has a 1 year low of $32.79 and a 1 year high of $43.62. The firm’s fifty day simple moving average is $40.71 and its 200 day simple moving average is $39.77. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $9.22 billion, a PE ratio of 24.54, a PEG ratio of 1.55 and a beta of 0.75.

CareTrust REIT (NYSE:CTRE) last released its earnings results on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates 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 during the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. On average, sell-side analysts anticipate that CareTrust REIT, Inc. will post 2.05 EPS for the current year.

CareTrust REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.39 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.0%. 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.