522,543 Shares in CareTrust REIT, Inc. $CTRE Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in CareTrust REIT, Inc. (NYSE:CTRE) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 522,543 shares of the company’s stock, valued at approximately $21,085,000.

Several other institutional investors have also added to or reduced their stakes in the business. Kemnay Advisory Services Inc. purchased a new stake in shares of CareTrust REIT during the fourth quarter valued at $27,000. Persistent Asset Partners Ltd bought a new stake in CareTrust REIT in the 2nd quarter worth about $31,000. Compass Financial Management LLC purchased a new position in CareTrust REIT in the 2nd quarter worth about $34,000. Transamerica Financial Advisors LLC raised its position in CareTrust REIT by 520.0% in the 4th 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 last quarter. Finally, Mcguire Capital Advisors Inc. bought a new position in CareTrust REIT during the 4th quarter valued at about $40,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on CTRE shares. Wells Fargo & Company lifted their price target on shares of CareTrust REIT from $42.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Mizuho set a $45.00 price objective on shares of CareTrust REIT in a research report on Friday, May 22nd. KeyCorp restated an “overweight” rating and issued a $46.00 target price on shares of CareTrust REIT in a report on Friday, May 29th. Cantor Fitzgerald lifted their target price 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. Finally, BMO Capital Markets boosted their target price on shares of CareTrust REIT from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. One equities research 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. According to data from MarketBeat.com, CareTrust REIT currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.82.

CareTrust REIT Stock Up 0.6%

CTRE stock opened at $39.90 on Wednesday. The business’s 50-day moving average price is $40.55 and its 200-day moving average price is $39.77. The stock has a market cap of $9.43 billion, a P/E ratio of 25.09, a PEG ratio of 1.56 and a beta of 0.75. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.27. CareTrust REIT, Inc. has a twelve month low of $32.79 and a twelve month high of $43.62.

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

CareTrust REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.39 dividend. 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 98.11%.

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.