Elevation Point Wealth Partners LLC Acquires Shares of 14,355 CareTrust REIT, Inc. $CTRE

Elevation Point Wealth Partners LLC bought a new position in CareTrust REIT, Inc. (NYSE:CTRE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,355 shares of the company’s stock, valued at approximately $580,000.

Other institutional investors have also recently made changes to their positions in the company. Kemnay Advisory Services Inc. purchased a new stake in CareTrust REIT during the 4th quarter valued at $27,000. Persistent Asset Partners Ltd purchased a new position in shares of CareTrust REIT in the second quarter worth $31,000. Transamerica Financial Advisors LLC lifted its holdings in shares of CareTrust REIT by 520.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock valued at $32,000 after purchasing an additional 728 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new position in shares of CareTrust REIT during the fourth quarter valued at $40,000. Finally, EverSource Wealth Advisors LLC boosted 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 last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Cantor Fitzgerald boosted their target price on CareTrust REIT from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Royal Bank Of Canada downgraded shares of 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 report on Friday, August 14th. 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. Raymond James Financial began coverage on shares of CareTrust REIT in a report on Tuesday, June 16th. They set an “outperform” rating and a $43.00 price objective for the company. Finally, BMO Capital Markets raised their target price on shares of CareTrust REIT from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.82.

CareTrust REIT Price Performance

NYSE CTRE opened at $39.64 on Tuesday. The company has a 50-day moving average price of $40.49 and a 200-day moving average price of $39.74. CareTrust REIT, Inc. has a 52 week low of $32.79 and a 52 week high of $43.62. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $9.37 billion, a P/E ratio of 24.93, a PEG ratio of 1.56 and a beta of 0.75.

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

CareTrust REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders 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 dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, June 30th. CareTrust REIT’s payout ratio is presently 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.