Capital Square LLC Buys Shares of 87,630 CareTrust REIT, Inc. $CTRE

Capital Square LLC purchased a new position in shares of CareTrust REIT, Inc. (NYSE:CTRE) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 87,630 shares of the company’s stock, valued at approximately $3,525,000. CareTrust REIT accounts for about 1.5% of Capital Square LLC’s investment portfolio, making the stock its 11th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kemnay Advisory Services Inc. acquired a new stake in shares of CareTrust REIT during the fourth quarter worth $27,000. Persistent Asset Partners Ltd purchased a new stake in shares of CareTrust REIT in the second quarter valued at $31,000. Compass Financial Management LLC acquired a new position in CareTrust REIT in the second quarter valued at $34,000. Transamerica Financial Advisors LLC lifted its position in CareTrust REIT by 520.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock worth $32,000 after buying an additional 728 shares during the period. Finally, Mcguire Capital Advisors Inc. purchased a new position in CareTrust REIT during the fourth quarter worth about $40,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on CTRE. Mizuho set a $45.00 price target on CareTrust REIT in a research note on Friday, May 22nd. Zacks Research upgraded shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Cantor Fitzgerald boosted their target price on shares of CareTrust REIT from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, August 10th. KeyCorp restated an “overweight” rating and issued a $46.00 target price on shares of CareTrust REIT in a report on Friday, May 29th. Finally, Royal Bank Of Canada lowered shares of CareTrust REIT from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $44.00 to $43.00 in a research report on Friday, August 14th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.82.

CareTrust REIT Price Performance

Shares of CareTrust REIT stock opened at $39.71 on Monday. The business’s fifty day moving average price is $40.44 and its 200 day moving average price is $39.72. CareTrust REIT, Inc. has a twelve month low of $32.79 and a twelve month 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. The stock has a market capitalization of $9.38 billion, a P/E ratio of 24.97, a PEG ratio of 1.56 and a beta of 0.75.

CareTrust REIT (NYSE:CTRE) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The company 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. As a group, research analysts anticipate that CareTrust REIT, Inc. will post 2.05 earnings per share for the current year.

CareTrust REIT Announces Dividend

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