Lightrock Netherlands B.V. Acquires Shares of 138,120 CareTrust REIT, Inc. (NASDAQ:CTRE)

Lightrock Netherlands B.V. acquired a new stake in CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 138,120 shares of the real estate investment trust's stock, valued at approximately $3,755,000. Lightrock Netherlands B.V. owned 0.08% of CareTrust REIT at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in CareTrust REIT by 27.4% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 37,380 shares of the real estate investment trust's stock valued at $1,011,000 after purchasing an additional 8,049 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in CareTrust REIT by 20.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 202,692 shares of the real estate investment trust's stock valued at $5,483,000 after purchasing an additional 35,084 shares in the last quarter. State of Alaska Department of Revenue raised its stake in CareTrust REIT by 25.5% in the fourth quarter. State of Alaska Department of Revenue now owns 195,363 shares of the real estate investment trust's stock valued at $5,283,000 after purchasing an additional 39,730 shares in the last quarter. Caitlin John LLC raised its stake in CareTrust REIT by 4.1% in the fourth quarter. Caitlin John LLC now owns 49,994 shares of the real estate investment trust's stock valued at $1,352,000 after purchasing an additional 1,969 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in CareTrust REIT by 146.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,567 shares of the real estate investment trust's stock valued at $365,000 after purchasing an additional 8,053 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

CareTrust REIT Trading Down 0.4 %

Shares of CTRE traded down $0.10 during mid-day trading on Friday, reaching $26.43. The company's stock had a trading volume of 1,792,844 shares, compared to its average volume of 1,736,058. The stock has a market cap of $4.53 billion, a PE ratio of 36.70, a P/E/G ratio of 1.24 and a beta of 1.09. The company has a current ratio of 7.60, a quick ratio of 7.60 and a debt-to-equity ratio of 0.16. CareTrust REIT, Inc. has a 52 week low of $22.42 and a 52 week high of $33.15. The company's fifty day moving average price is $27.02 and its two-hundred day moving average price is $28.91.

CareTrust REIT (NASDAQ:CTRE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.12). CareTrust REIT had a net margin of 36.88% and a return on equity of 5.32%. During the same quarter in the prior year, the business earned $0.25 EPS. On average, analysts predict that CareTrust REIT, Inc. will post 1.5 earnings per share for the current fiscal year.

CareTrust REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.29 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.16 dividend on an annualized basis and a yield of 4.39%. CareTrust REIT's dividend payout ratio is currently 146.84%.

Wall Street Analysts Forecast Growth

CTRE has been the topic of a number of recent analyst reports. Wedbush downgraded shares of CareTrust REIT from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $34.00 to $26.00 in a research note on Thursday, January 2nd. BMO Capital Markets lowered shares of CareTrust REIT from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $34.00 to $32.00 in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $30.67.

CareTrust REIT Company 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.