Keeley Teton Advisors LLC Decreases Stock Holdings in CareTrust REIT, Inc. (NASDAQ:CTRE)

Keeley Teton Advisors LLC lessened its holdings in CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 287,739 shares of the real estate investment trust's stock after selling 38,581 shares during the period. CareTrust REIT makes up about 0.9% of Keeley Teton Advisors LLC's investment portfolio, making the stock its 17th largest position. Keeley Teton Advisors LLC owned about 0.17% of CareTrust REIT worth $7,783,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Jump Financial LLC raised its position in shares of CareTrust REIT by 41.4% during the 4th quarter. Jump Financial LLC now owns 262,541 shares of the real estate investment trust's stock valued at $7,102,000 after buying an additional 76,877 shares in the last quarter. Walleye Capital LLC lifted its stake in shares of CareTrust REIT by 95.2% in the 4th quarter. Walleye Capital LLC now owns 14,106 shares of the real estate investment trust's stock valued at $382,000 after purchasing an additional 6,880 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of CareTrust REIT in the 4th quarter worth approximately $304,000. Mariner LLC increased its position in shares of CareTrust REIT by 12.9% during the 4th quarter. Mariner LLC now owns 10,924 shares of the real estate investment trust's stock valued at $295,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Barclays PLC raised its holdings in CareTrust REIT by 60.3% during the 4th quarter. Barclays PLC now owns 416,459 shares of the real estate investment trust's stock valued at $11,265,000 after buying an additional 156,639 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.

CareTrust REIT Trading Up 0.5 %

CareTrust REIT stock traded up $0.14 during trading hours on Friday, hitting $28.76. The company had a trading volume of 1,294,136 shares, compared to its average volume of 1,773,175. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.82 and a current ratio of 3.82. The firm has a market cap of $5.40 billion, a P/E ratio of 36.40, a P/E/G ratio of 1.25 and a beta of 0.88. The company has a 50-day moving average price of $27.32 and a two-hundred day moving average price of $28.28. CareTrust REIT, Inc. has a 1 year low of $23.26 and a 1 year high of $33.15.

CareTrust REIT (NASDAQ:CTRE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business posted $0.25 earnings per share. On average, sell-side analysts anticipate that CareTrust REIT, Inc. will post 1.71 earnings per share for the current year.

CareTrust REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.335 dividend. The ex-dividend date was Monday, March 31st. This is a positive change from CareTrust REIT's previous quarterly dividend of $0.29. This represents a $1.34 dividend on an annualized basis and a yield of 4.66%. CareTrust REIT's dividend payout ratio is 169.62%.

Analysts Set New Price Targets

CTRE has been the topic of a number of analyst reports. 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. Royal Bank of Canada cut their price target on shares of CareTrust REIT from $37.00 to $32.00 and set an "outperform" rating on the stock in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised 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 note on Thursday, March 13th. Finally, 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, CareTrust REIT presently has a consensus rating of "Moderate Buy" and a consensus target price 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.