Pensionfund Sabic Purchases Shares of 19,000 CareTrust REIT, Inc. $CTRE

Pensionfund Sabic acquired a new stake in shares of CareTrust REIT, Inc. (NYSE:CTRE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 19,000 shares of the company’s stock, valued at approximately $687,000.

A number of other institutional investors have also recently made changes to their positions in the company. Pensionfund PDN bought a new stake in shares of CareTrust REIT in the fourth quarter worth about $1,483,000. SG Americas Securities LLC lifted its position in shares of CareTrust REIT by 737.0% in the fourth quarter. SG Americas Securities LLC now owns 865,129 shares of the company’s stock worth $31,283,000 after buying an additional 761,769 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in CareTrust REIT by 3.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,585 shares of the company’s stock valued at $718,000 after buying an additional 613 shares during the last quarter. Park Avenue Securities LLC grew its holdings in CareTrust REIT by 10.6% during the 4th quarter. Park Avenue Securities LLC now owns 7,189 shares of the company’s stock valued at $260,000 after buying an additional 689 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in CareTrust REIT by 36.5% in the 4th quarter. GAMMA Investing LLC now owns 8,271 shares of the company’s stock worth $299,000 after acquiring an additional 2,210 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

CareTrust REIT Price Performance

NYSE:CTRE opened at $37.57 on Thursday. The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 2.52 and a beta of 0.74. 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 business has a 50 day simple moving average of $38.82 and a 200-day simple moving average of $36.79. CareTrust REIT, Inc. has a 1 year low of $25.82 and a 1 year high of $41.72.

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

CareTrust REIT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.39 dividend. This is an increase from CareTrust REIT’s previous quarterly dividend of $0.34. This represents a $1.56 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, March 31st. CareTrust REIT’s payout ratio is currently 86.45%.

Wall Street Analysts Forecast Growth

CTRE has been the topic of several recent research reports. Weiss Ratings raised CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, January 26th. Jefferies Financial Group boosted their price target on shares of CareTrust REIT from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. KeyCorp upped their price target on shares of CareTrust REIT from $36.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Citigroup initiated coverage on shares of CareTrust REIT in a research report on Thursday, January 22nd. They set a “market outperform” rating for the company. Finally, The Goldman Sachs Group set a $44.00 target price on shares of CareTrust REIT in a report on Thursday, January 22nd. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, CareTrust REIT presently has a consensus rating of “Buy” and an average target price of $42.80.

CareTrust REIT Company 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.