Jupiter Topco LLC Acquires Shares of 100,533 CareTrust REIT, Inc. $CTRE

Jupiter Topco LLC acquired a new position in CareTrust REIT, Inc. (NYSE:CTRE) in the second quarter, HoldingsChannel.com reports. The fund acquired 100,533 shares of the company’s stock, valued at approximately $4,057,000.

Other hedge funds have also modified their holdings of the company. Royal Bank of Canada grew its position in shares of CareTrust REIT by 36.4% during the 1st quarter. Royal Bank of Canada now owns 179,501 shares of the company’s stock valued at $5,129,000 after acquiring an additional 47,936 shares during the period. NewEdge Advisors LLC raised its holdings in CareTrust REIT by 11.3% in the 1st quarter. NewEdge Advisors LLC now owns 33,628 shares of the company’s stock worth $961,000 after purchasing an additional 3,408 shares during the period. EverSource Wealth Advisors LLC raised its holdings in CareTrust REIT by 134.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock worth $34,000 after purchasing an additional 644 shares during the period. First Trust Advisors LP boosted its position in CareTrust REIT by 67.6% during the second quarter. First Trust Advisors LP now owns 245,154 shares of the company’s stock worth $7,502,000 after purchasing an additional 98,850 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in CareTrust REIT by 310.1% during the second quarter. Cerity Partners LLC now owns 36,640 shares of the company’s stock worth $1,121,000 after purchasing an additional 27,706 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on CTRE shares. Weiss Ratings lowered CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, August 21st. Wells Fargo & Company decreased their target price on CareTrust REIT from $47.00 to $44.00 and set an “overweight” rating on the stock in a research report on Tuesday. KeyCorp reissued an “overweight” rating and issued a $46.00 price target on shares of CareTrust REIT in a research note on Friday, May 29th. BMO Capital Markets boosted 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, Citigroup restated a “market outperform” rating on shares of CareTrust REIT in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.55.

CareTrust REIT Stock Up 2.4%

NYSE CTRE opened at $39.88 on Wednesday. The business has a fifty day moving average price of $40.76 and a 200 day moving average price of $39.79. CareTrust REIT, Inc. has a one year low of $32.79 and a one year 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 company has a market cap of $9.42 billion, a P/E ratio of 25.08, a P/E/G ratio of 1.53 and a beta of 0.76.

CareTrust REIT (NYSE:CTRE) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. CareTrust REIT had a return on equity of 8.52% and a net margin of 62.19%.The company had revenue of $161.35 million for the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. Research analysts anticipate that CareTrust REIT, Inc. will post 2.05 EPS for the current fiscal year.

CareTrust REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, June 30th. CareTrust REIT’s dividend payout ratio (DPR) is currently 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.