Jane Street Group LLC Lowers Stake in CareTrust REIT, Inc. (NASDAQ:CTRE)

Jane Street Group LLC lowered its holdings in shares of CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) by 77.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,018 shares of the real estate investment trust's stock after selling 261,224 shares during the period. Jane Street Group LLC's holdings in CareTrust REIT were worth $2,284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Newbridge Financial Services Group Inc. bought a new position in CareTrust REIT in the 2nd quarter worth about $27,000. Blue Trust Inc. raised its stake in shares of CareTrust REIT by 178.3% in the third quarter. Blue Trust Inc. now owns 1,205 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 772 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of CareTrust REIT during the second quarter valued at $34,000. Quest Partners LLC purchased a new position in CareTrust REIT in the 2nd quarter worth about $40,000. Finally, Loomis Sayles & Co. L P raised its holdings in shares of CareTrust REIT by 5,527.8% during the third quarter. Loomis Sayles & Co. L P now owns 2,026 shares of the real estate investment trust's stock valued at $63,000 after purchasing an additional 1,990 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

CareTrust REIT Price Performance

CareTrust REIT stock traded up $0.17 during midday trading on Tuesday, reaching $27.39. 535,826 shares of the stock traded hands, compared to its average volume of 1,634,410. The stock's fifty day moving average is $29.97 and its 200-day moving average is $28.70. CareTrust REIT, Inc. has a 12 month low of $20.10 and a 12 month high of $33.15. The stock has a market cap of $4.70 billion, a P/E ratio of 38.04, a PEG ratio of 1.59 and a beta of 1.08. The company has a quick ratio of 7.60, a current ratio of 7.60 and a debt-to-equity ratio of 0.16.

CareTrust REIT (NASDAQ:CTRE - Get Free Report) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.08). The business had revenue of $77.38 million during the quarter, compared to the consensus estimate of $74.12 million. CareTrust REIT had a return on equity of 5.32% and a net margin of 36.88%. During the same quarter last year, the firm earned $0.35 earnings per share. As a group, equities research analysts anticipate that CareTrust REIT, Inc. will post 1.5 EPS for the current year.

CareTrust REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.24%. CareTrust REIT's dividend payout ratio is 161.11%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CTRE shares. BMO Capital Markets cut CareTrust REIT from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $34.00 to $32.00 in a report on Monday, December 9th. Wells Fargo & Company raised CareTrust REIT from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $28.00 to $34.00 in a research report on Tuesday, October 1st. Finally, KeyCorp increased their price objective on shares of CareTrust REIT from $27.00 to $34.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.67.

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.