WINTON GROUP Ltd Buys New Shares in CareTrust REIT, Inc. $CTRE

WINTON GROUP Ltd purchased a new stake in shares of CareTrust REIT, Inc. (NYSE:CTRE) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 18,600 shares of the company’s stock, valued at approximately $751,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CTRE. BlackRock Inc. bought a new position in shares of CareTrust REIT in the second quarter worth about $1,643,290,000. California State Teachers Retirement System lifted its position in shares of CareTrust REIT by 3,830.4% during the 2nd quarter. California State Teachers Retirement System now owns 10,507,301 shares of the company’s stock valued at $423,970,000 after buying an additional 10,239,968 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of CareTrust REIT by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 6,092,398 shares of the company’s stock valued at $220,332,000 after acquiring an additional 409,411 shares during the period. Deutsche Bank AG bought a new position in shares of CareTrust REIT during the 2nd quarter valued at approximately $143,963,000. Finally, Dimensional Fund Advisors LP increased its holdings in CareTrust REIT by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,333,252 shares of the company’s stock worth $122,164,000 after acquiring an additional 61,417 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

CareTrust REIT Stock Performance

NYSE:CTRE opened at $38.06 on Tuesday. 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, Inc. has a 12-month low of $32.79 and a 12-month high of $43.62. The stock has a 50-day moving average price of $40.46 and a 200 day moving average price of $39.71. The stock has a market capitalization of $8.99 billion, a P/E ratio of 23.94, a P/E/G ratio of 1.53 and a beta of 0.76.

CareTrust REIT (NYSE:CTRE) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. CareTrust REIT had a return on equity of 8.52% and a net margin of 62.19%.The company had revenue of $161.35 million for the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. Equities research analysts forecast that CareTrust REIT, Inc. will post 2.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on CTRE. KeyCorp restated an “overweight” rating and set a $46.00 target price on shares of CareTrust REIT in a research note 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 report on Monday, August 10th. Zacks Research raised shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Huntington assumed coverage on shares of CareTrust REIT in a research report on Thursday, September 10th. They set an “outperform” rating and a $44.00 price objective on the stock. Finally, Raymond James Financial initiated coverage on shares of CareTrust REIT in a research note on Tuesday, June 16th. They set an “outperform” rating and a $43.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, CareTrust REIT presently has an average rating of “Moderate Buy” and a consensus price target of $44.50.

CareTrust REIT Profile

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that owns and manages a portfolio of healthcare-related properties across the United States. The company primarily invests in properties that are leased to healthcare operators under long-term, typically triple-net lease agreements.

CareTrust’s portfolio includes skilled nursing facilities, assisted living facilities, independent living communities, memory care properties and other healthcare-related real estate. Its tenants are responsible for operating the facilities and generally cover property-level expenses such as taxes, insurance and maintenance under the terms of the leases.

CareTrust was established in 2014 through a separation from The Ensign Group, a healthcare services company.