Capital Square LLC Has $3.10 Million Stock Holdings in CareTrust REIT, Inc. $CTRE

Capital Square LLC decreased its holdings in shares of CareTrust REIT, Inc. (NYSE:CTRE) by 14.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 89,461 shares of the company’s stock after selling 14,680 shares during the quarter. CareTrust REIT makes up about 1.6% of Capital Square LLC’s portfolio, making the stock its 12th largest position. Capital Square LLC’s holdings in CareTrust REIT were worth $3,103,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position 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 buying an additional 644 shares during the period. Heritage Wealth Advisors boosted its position in shares of CareTrust REIT by 42.9% in the third quarter. Heritage Wealth Advisors now owns 1,000 shares of the company’s stock valued at $35,000 after acquiring an additional 300 shares during the period. Farther Finance Advisors LLC grew its stake in shares of CareTrust REIT by 75.1% in the third quarter. Farther Finance Advisors LLC now owns 1,492 shares of the company’s stock worth $52,000 after acquiring an additional 640 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of CareTrust REIT in the third quarter worth $54,000. Finally, Binnacle Investments Inc increased its position in CareTrust REIT by 59.7% during the third quarter. Binnacle Investments Inc now owns 1,693 shares of the company’s stock worth $59,000 after acquiring an additional 633 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CTRE shares. BMO Capital Markets upgraded shares of CareTrust REIT from a “hold” rating to an “outperform” rating and set a $43.00 target price for the company in a research note on Friday, January 9th. Wells Fargo & Company boosted their price objective on shares of CareTrust REIT from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. Royal Bank Of Canada upped their price objective on shares of CareTrust REIT from $41.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. UBS Group lifted their target price on CareTrust REIT from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Finally, KeyCorp boosted their price target on CareTrust REIT from $36.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $42.80.

CareTrust REIT Stock Down 1.0%

Shares of CTRE stock opened at $39.73 on Wednesday. CareTrust REIT, Inc. has a one year low of $25.82 and a one year high of $41.72. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a fifty day moving average price of $38.73 and a 200 day moving average price of $36.65. The stock has a market cap of $8.87 billion, a P/E ratio of 25.63, a price-to-earnings-growth ratio of 2.72 and a beta of 0.74.

CareTrust REIT (NYSE:CTRE) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. CareTrust REIT had a net margin of 67.28% and a return on equity of 8.98%. The firm had revenue of $134.86 million for the quarter. CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS.

CareTrust REIT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is an increase from CareTrust REIT’s previous quarterly dividend of $0.34. This represents a $1.56 dividend on an annualized basis and a yield of 3.9%. CareTrust REIT’s payout ratio is presently 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.