Sanctuary Advisors LLC Invests $1.06 Million in CareTrust REIT, Inc. $CTRE

Sanctuary Advisors LLC acquired a new position in shares of CareTrust REIT, Inc. (NYSE:CTRE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 26,224 shares of the company’s stock, valued at approximately $1,058,000.

A number of other institutional investors also recently modified their holdings of CTRE. Kemnay Advisory Services Inc. acquired a new position in shares of CareTrust REIT in the 4th quarter worth approximately $27,000. Persistent Asset Partners Ltd acquired a new stake in CareTrust REIT during the 2nd quarter valued at $31,000. Transamerica Financial Advisors LLC increased its holdings in CareTrust REIT by 520.0% during the 4th 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. Compass Financial Management LLC bought a new position in CareTrust REIT in the 2nd quarter valued at $34,000. Finally, EverSource Wealth Advisors LLC raised its position in CareTrust REIT by 134.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock valued at $34,000 after purchasing an additional 644 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

CareTrust REIT Stock Down 1.4%

NYSE:CTRE opened at $39.40 on Friday. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 24.78, a P/E/G ratio of 1.57 and a beta of 0.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.57 and a current ratio of 0.57. The stock’s fifty day moving average price is $40.67 and its two-hundred day moving average price is $39.78. CareTrust REIT, Inc. has a 52-week low of $32.79 and a 52-week high of $43.62.

CareTrust REIT (NYSE:CTRE) last released its earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, meeting 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. On average, analysts anticipate 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. Investors of record on Tuesday, June 30th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Tuesday, June 30th. CareTrust REIT’s dividend payout ratio (DPR) is presently 98.11%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Citigroup restated a “market outperform” rating on shares of CareTrust REIT in a report on Wednesday, June 10th. Royal Bank Of Canada cut CareTrust REIT from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $44.00 to $43.00 in a report on Friday, August 14th. BMO Capital Markets upped their price target on shares of CareTrust REIT from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Raymond James Financial started coverage on shares of CareTrust REIT in a report on Tuesday, June 16th. They set an “outperform” rating and a $43.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on shares of CareTrust REIT from $42.00 to $47.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, CareTrust REIT presently has a consensus rating of “Moderate Buy” and an average price target of $44.82.

CareTrust REIT Company 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.