UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in CareTrust REIT, Inc. $CTRE

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in CareTrust REIT, Inc. (NYSE:CTRE) by 35,170.9% in the second quarter, HoldingsChannel reports. The firm owned 1,411,896 shares of the company’s stock after purchasing an additional 1,407,893 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in CareTrust REIT were worth $56,970,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CTRE. New Mexico Educational Retirement Board bought a new position in shares of CareTrust REIT during the second quarter worth about $1,925,000. Van ECK Associates Corp grew its position in CareTrust REIT by 27.2% in the 2nd quarter. Van ECK Associates Corp now owns 159,505 shares of the company’s stock worth $6,436,000 after purchasing an additional 34,134 shares during the last quarter. Nissay Asset Management Corp Japan grew its holdings in CareTrust REIT by 6.1% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 37,318 shares of the company’s stock worth $1,506,000 after buying an additional 2,139 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of CareTrust REIT by 17.2% in the second quarter. Hsbc Holdings PLC now owns 478,410 shares of the company’s stock worth $19,334,000 after purchasing an additional 70,243 shares in the last quarter. Finally, Beacon Pointe Advisors LLC bought a new position in CareTrust REIT in the 2nd quarter valued at about $11,951,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CTRE has been the subject of a number of research reports. Weiss Ratings lowered CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, August 21st. Royal Bank Of Canada cut shares of CareTrust REIT from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $44.00 to $43.00 in a report on Friday, August 14th. Raymond James Financial started coverage on CareTrust REIT in a report on Tuesday, June 16th. They set an “outperform” rating and a $43.00 price target on the stock. BMO Capital Markets boosted their price objective on shares of CareTrust REIT from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. Finally, Citigroup restated a “market outperform” rating on shares of CareTrust REIT in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, CareTrust REIT currently has an average rating of “Moderate Buy” and an average target price of $44.55.

CareTrust REIT Stock Performance

NYSE:CTRE opened at $39.67 on Thursday. The firm has a market capitalization of $9.37 billion, a PE ratio of 24.95, a PEG ratio of 1.57 and a beta of 0.76. The firm’s fifty day simple moving average is $40.77 and its 200 day simple moving average is $39.78. CareTrust REIT, Inc. has a 1 year low of $32.79 and a 1 year high of $43.62. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.27.

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

CareTrust REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.39 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.56 annualized dividend and a dividend yield of 3.9%. CareTrust REIT’s payout ratio is presently 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.