Keebeck Wealth Management Buys Shares of 13,658 CareTrust REIT, Inc. $CTRE

Keebeck Wealth Management purchased a new stake in shares of CareTrust REIT, Inc. (NYSE:CTRE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,658 shares of the company’s stock, valued at approximately $554,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CTRE. Allworth Financial LP purchased a new stake in CareTrust REIT in the 2nd quarter worth about $66,000. Vise Technologies Inc. purchased a new stake in CareTrust REIT during the second quarter valued at about $935,000. Pasadena Private Wealth LLC purchased a new stake in CareTrust REIT during the second quarter valued at about $336,000. Tocqueville Asset Management L.P. bought a new position in CareTrust REIT during the second quarter worth about $440,000. Finally, one8zero8 LLC bought a new position in CareTrust REIT during the second quarter worth about $7,687,000. Institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CTRE. Zacks Research raised shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Wells Fargo & Company raised their price objective on shares of CareTrust REIT from $42.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Royal Bank Of Canada lowered shares of CareTrust REIT from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $44.00 to $43.00 in a research note on Friday, August 14th. KeyCorp reissued an “overweight” rating and set a $46.00 target price on shares of CareTrust REIT in a report on Friday, May 29th. Finally, Citigroup restated a “market outperform” rating on shares of CareTrust REIT in a research report on Wednesday, June 10th. Two 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 stock. According to data from MarketBeat.com, CareTrust REIT has a consensus rating of “Moderate Buy” and an average target price of $44.82.

CareTrust REIT Stock Performance

NYSE CTRE opened at $39.71 on Friday. The company’s 50 day simple moving average is $40.44 and its two-hundred day simple moving average is $39.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.57 and a quick ratio of 0.57. CareTrust REIT, Inc. has a 1 year low of $32.79 and a 1 year high of $43.62. The stock has a market capitalization of $9.38 billion, a PE ratio of 24.97, a P/E/G ratio of 1.57 and a beta of 0.75.

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

CareTrust REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given 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%.

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.