CareTrust REIT, Inc. (NASDAQ:CTRE) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC trimmed its holdings in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 45.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 180,567 shares of the real estate investment trust’s stock after selling 149,730 shares during the period. Guggenheim Capital LLC owned approximately 0.11% of CareTrust REIT worth $4,884,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Signaturefd LLC lifted its position in CareTrust REIT by 20.3% during the fourth quarter. Signaturefd LLC now owns 2,628 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 443 shares during the period. WealthShield Partners LLC lifted its holdings in shares of CareTrust REIT by 1.0% in the 4th quarter. WealthShield Partners LLC now owns 49,119 shares of the real estate investment trust’s stock valued at $1,343,000 after buying an additional 490 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of CareTrust REIT by 4.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,384 shares of the real estate investment trust’s stock worth $308,000 after buying an additional 534 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in CareTrust REIT by 5.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,777 shares of the real estate investment trust’s stock worth $319,000 after acquiring an additional 601 shares during the period. Finally, Blue Trust Inc. raised its position in CareTrust REIT by 50.0% during the fourth quarter. Blue Trust Inc. now owns 1,808 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 603 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

CareTrust REIT Stock Up 0.5 %

Shares of NASDAQ CTRE opened at $28.76 on Friday. CareTrust REIT, Inc. has a 52-week low of $23.26 and a 52-week high of $33.15. The company has a quick ratio of 3.82, a current ratio of 3.82 and a debt-to-equity ratio of 0.14. The company’s 50-day simple moving average is $27.26 and its 200-day simple moving average is $28.31. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 36.40, a price-to-earnings-growth ratio of 1.25 and a beta of 0.88.

CareTrust REIT (NASDAQ:CTRE) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.12). CareTrust REIT had a return on equity of 5.59% and a net margin of 42.22%. During the same period in the previous year, the business earned $0.25 EPS. Equities analysts predict that CareTrust REIT, Inc. will post 1.71 EPS for the current fiscal year.

CareTrust REIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.335 per share. This is a boost from CareTrust REIT’s previous quarterly dividend of $0.29. This represents a $1.34 annualized dividend and a dividend yield of 4.66%. The ex-dividend date was Monday, March 31st. CareTrust REIT’s payout ratio is currently 169.62%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Royal Bank of Canada lowered their price objective on CareTrust REIT from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Wedbush restated an “underperform” rating and set a $26.00 price target on shares of CareTrust REIT in a research report on Friday, March 14th. Deutsche Bank Aktiengesellschaft upgraded shares of CareTrust REIT from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Thursday, March 13th. Finally, Wells Fargo & Company dropped their target price on CareTrust REIT from $34.00 to $31.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.00.

About CareTrust REIT

CareTrust REIT, Inc’s (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas.