Capital Fund Management S.A. Buys New Shares in CareTrust REIT, Inc. (NASDAQ:CTRE)

Capital Fund Management S.A. acquired a new position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 58,931 shares of the real estate investment trust's stock, valued at approximately $1,594,000.

Other large investors have also made changes to their positions in the company. Signaturefd LLC boosted its holdings 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 worth $71,000 after buying an additional 443 shares during the last quarter. WealthShield Partners LLC raised its position in CareTrust REIT by 1.0% during the fourth quarter. WealthShield Partners LLC now owns 49,119 shares of the real estate investment trust's stock worth $1,343,000 after acquiring an additional 490 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in CareTrust REIT by 4.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,384 shares of the real estate investment trust's stock valued at $308,000 after acquiring an additional 534 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of 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 purchasing an additional 601 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of 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 worth $49,000 after purchasing an additional 603 shares during the period. Institutional investors own 87.77% of the company's stock.

CareTrust REIT Stock Down 0.7 %

Shares of CTRE traded down $0.20 during mid-day trading on Monday, reaching $28.56. The company had a trading volume of 75,161 shares, compared to its average volume of 1,766,502. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 36.21, a price-to-earnings-growth ratio of 1.25 and a beta of 0.88. The firm has a 50-day moving average price of $27.32 and a 200 day moving average price of $28.27. CareTrust REIT, Inc. has a 52 week low of $23.26 and a 52 week high of $33.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.82 and a current ratio of 3.82.

CareTrust REIT (NASDAQ:CTRE - Get Free Report) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.12). CareTrust REIT had a net margin of 42.22% and a return on equity of 5.59%. During the same period in the previous year, the company earned $0.25 EPS. On average, sell-side analysts forecast that CareTrust REIT, Inc. will post 1.71 EPS for the current year.

CareTrust REIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.335 dividend. This is an increase from CareTrust REIT's previous quarterly dividend of $0.29. This represents a $1.34 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend was Monday, March 31st. CareTrust REIT's dividend payout ratio is currently 169.62%.

Analyst Ratings Changes

CTRE has been the subject of several research reports. Royal Bank of Canada dropped their price objective on shares of CareTrust REIT from $37.00 to $32.00 and set an "outperform" rating for the company in a research note on Friday, February 21st. Wedbush reaffirmed an "underperform" rating and set a $26.00 target price on shares of CareTrust REIT in a research note on Friday, March 14th. Wells Fargo & Company cut their price objective on shares of CareTrust REIT from $34.00 to $31.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of CareTrust REIT from a "hold" rating to a "buy" rating and set a $31.00 price objective on the stock in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $31.00.

CareTrust REIT Profile

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.