William Blair Investment Management LLC Buys New Position in CareTrust REIT, Inc. $CTRE

William Blair Investment Management LLC purchased a new position in CareTrust REIT, Inc. (NYSE:CTRE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 570,637 shares of the company’s stock, valued at approximately $23,025,000.

Several other large investors have also added to or reduced their stakes in CTRE. Royal Bank of Canada raised its holdings in CareTrust REIT by 36.4% in the 1st quarter. Royal Bank of Canada now owns 179,501 shares of the company’s stock worth $5,129,000 after purchasing an additional 47,936 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of CareTrust REIT by 11.3% during the first quarter. NewEdge Advisors LLC now owns 33,628 shares of the company’s stock valued at $961,000 after buying an additional 3,408 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of CareTrust REIT by 134.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock valued at $34,000 after buying an additional 644 shares during the period. First Trust Advisors LP raised its stake in CareTrust REIT by 67.6% in the second quarter. First Trust Advisors LP now owns 245,154 shares of the company’s stock worth $7,502,000 after buying an additional 98,850 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in CareTrust REIT by 310.1% in the second quarter. Cerity Partners LLC now owns 36,640 shares of the company’s stock worth $1,121,000 after buying an additional 27,706 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

CareTrust REIT Stock Down 0.1%

Shares of CareTrust REIT stock opened at $39.71 on Friday. CareTrust REIT, Inc. has a 1 year low of $32.79 and a 1 year high of $43.62. The firm has a market cap of $9.38 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.56 and a beta of 0.75. The company has a 50-day moving average of $40.44 and a 200 day moving average of $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 (NYSE:CTRE) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The business 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. As a group, sell-side analysts anticipate 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. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Tuesday, June 30th. CareTrust REIT’s dividend payout ratio (DPR) is presently 98.11%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Raymond James Financial started coverage on CareTrust REIT in a research report on Tuesday, June 16th. They set an “outperform” rating and a $43.00 price objective on the stock. Wells Fargo & Company increased their target price on CareTrust REIT from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Cantor Fitzgerald raised their target price on CareTrust REIT from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Royal Bank Of Canada lowered CareTrust REIT from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $44.00 to $43.00 in a research report on Friday, August 14th. Finally, Zacks Research raised CareTrust REIT from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $44.82.

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.