Wellington Management Group LLP Sells 2,125,972 Shares of CareTrust REIT, Inc. $CTRE

Wellington Management Group LLP decreased its position in shares of CareTrust REIT, Inc. (NYSE:CTRE) by 18.0% in the second quarter, Holdings Channel reports. The fund owned 9,695,110 shares of the company’s stock after selling 2,125,972 shares during the period. Wellington Management Group LLP’s holdings in CareTrust REIT were worth $391,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Beacon Pointe Advisors LLC acquired a new stake in shares of CareTrust REIT in the second quarter valued at about $11,951,000. United Capital Financial Advisors LLC acquired a new position in shares of CareTrust REIT during the 2nd quarter worth about $257,000. Caitlin John LLC acquired a new position in shares of CareTrust REIT during the 2nd quarter worth about $265,000. Public Employees Retirement System of Ohio bought a new stake in CareTrust REIT during the 2nd quarter valued at approximately $10,265,000. Finally, Pure Financial Advisors LLC bought a new stake in CareTrust REIT during the 2nd quarter valued at approximately $201,000. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on CTRE. Weiss Ratings downgraded CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, August 21st. Citigroup reissued a “market outperform” rating on shares of CareTrust REIT in a research report on Wednesday, June 10th. Zacks Research upgraded shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Royal Bank Of Canada lowered shares of CareTrust REIT from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $44.00 to $43.00 in a research report on Friday, August 14th. Finally, Cantor Fitzgerald upped their target price on shares of CareTrust REIT from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.82.

CareTrust REIT Price Performance

Shares of CTRE stock opened at $39.02 on Friday. CareTrust REIT, Inc. has a 12 month low of $32.79 and a 12 month high of $43.62. The company has a market capitalization of $9.22 billion, a P/E ratio of 24.54, a P/E/G ratio of 1.54 and a beta of 0.75. The stock has a 50 day moving average of $40.71 and a two-hundred day moving average of $39.77. 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 (NYSE:CTRE) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The business had revenue of $161.35 million for 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, equities analysts expect that CareTrust REIT, Inc. will post 2.05 EPS for the current year.

CareTrust REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 30th. CareTrust REIT’s 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.