CareTrust REIT, Inc. $CTRE Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of CareTrust REIT, Inc. (NYSE:CTRE) by 737.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 865,129 shares of the company’s stock after buying an additional 761,769 shares during the period. SG Americas Securities LLC owned 0.39% of CareTrust REIT worth $31,283,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CTRE. Royal Bank of Canada increased its holdings 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 worth $5,129,000 after buying an additional 47,936 shares during the last quarter. NewEdge Advisors LLC raised its holdings in CareTrust REIT by 11.3% in the first quarter. NewEdge Advisors LLC now owns 33,628 shares of the company’s stock valued at $961,000 after buying an additional 3,408 shares during the period. Creative Planning lifted its position in CareTrust REIT by 3.0% during the second quarter. Creative Planning now owns 72,835 shares of the company’s stock valued at $2,229,000 after buying an additional 2,123 shares in the last quarter. Cetera Investment Advisers lifted its position in CareTrust REIT by 5.6% during the second quarter. Cetera Investment Advisers now owns 41,806 shares of the company’s stock valued at $1,279,000 after buying an additional 2,224 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in CareTrust REIT by 1.4% during the second quarter. JPMorgan Chase & Co. now owns 1,421,588 shares of the company’s stock worth $43,501,000 after buying an additional 20,158 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Citizens Jmp assumed coverage on shares of CareTrust REIT in a research note on Thursday, January 22nd. They set a “market outperform” rating and a $44.00 price objective on the stock. Weiss Ratings upgraded shares of CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, January 26th. The Goldman Sachs Group set a $44.00 price target on shares of CareTrust REIT in a report on Thursday, January 22nd. Citigroup assumed coverage on shares of CareTrust REIT in a research note on Thursday, January 22nd. They set a “market outperform” rating on the stock. Finally, KeyCorp boosted their price objective on shares of CareTrust REIT from $36.00 to $40.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $42.80.

CareTrust REIT Price Performance

CTRE stock opened at $37.57 on Thursday. The stock’s 50 day moving average is $38.82 and its two-hundred day moving average is $36.79. CareTrust REIT, Inc. has a 52-week low of $25.82 and a 52-week high of $41.72. The company has a market capitalization of $8.39 billion, a PE ratio of 24.24, a P/E/G ratio of 2.52 and a beta of 0.74. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.22.

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

CareTrust REIT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.39 per share. This is a positive change from CareTrust REIT’s previous quarterly dividend of $0.34. The ex-dividend date is Tuesday, March 31st. This represents a $1.56 dividend on an annualized basis and a yield of 4.2%. CareTrust REIT’s payout ratio is currently 86.45%.

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.