Van ECK Associates Corp Raises Position in CareTrust REIT, Inc. $CTRE

Van ECK Associates Corp lifted its position in shares of CareTrust REIT, Inc. (NYSE:CTRE) by 27.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,505 shares of the company’s stock after acquiring an additional 34,134 shares during the quarter. Van ECK Associates Corp owned 0.07% of CareTrust REIT worth $6,436,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CTRE. Kemnay Advisory Services Inc. acquired a new position in CareTrust REIT during the 4th quarter worth approximately $27,000. Persistent Asset Partners Ltd acquired a new stake in shares of CareTrust REIT in the 2nd quarter valued at approximately $31,000. Transamerica Financial Advisors LLC boosted its stake in shares of CareTrust REIT by 520.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock valued at $32,000 after buying an additional 728 shares in the last quarter. Compass Financial Management LLC purchased a new stake in shares of CareTrust REIT in the second quarter valued at approximately $34,000. Finally, EverSource Wealth Advisors LLC grew its holdings in CareTrust REIT by 134.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock worth $34,000 after acquiring an additional 644 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CTRE has been the subject of a number of recent analyst reports. KeyCorp reissued an “overweight” rating and issued a $46.00 target price on shares of CareTrust REIT in a report on Friday, May 29th. Cantor Fitzgerald upped their price target on shares of CareTrust REIT from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Weiss Ratings downgraded shares of CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, August 21st. Royal Bank Of Canada cut 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. Finally, Wells Fargo & Company decreased their price objective on shares of CareTrust REIT from $47.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.55.

CareTrust REIT Stock Performance

Shares of CTRE stock opened at $39.67 on Thursday. The stock has a fifty day moving average price of $40.77 and a 200 day moving average price of $39.78. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market cap of $9.37 billion, a PE ratio of 24.95, a P/E/G ratio of 1.57 and a beta of 0.76. CareTrust REIT, Inc. has a 1 year low of $32.79 and a 1 year high of $43.62.

CareTrust REIT (NYSE:CTRE) last issued its quarterly earnings data 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 for 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. Sell-side analysts forecast that CareTrust REIT, Inc. will post 2.05 earnings per share for the current fiscal year.

CareTrust REIT Dividend Announcement

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