CareTrust REIT, Inc. (NASDAQ:CTRE) Shares Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System increased its holdings in CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 218,872 shares of the real estate investment trust's stock after purchasing an additional 18,304 shares during the period. New York State Teachers Retirement System owned approximately 0.13% of CareTrust REIT worth $5,920,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. CWM LLC lifted its stake in CareTrust REIT by 16.8% in the third quarter. CWM LLC now owns 3,244 shares of the real estate investment trust's stock worth $100,000 after acquiring an additional 467 shares during the period. Creative Planning lifted its position in shares of CareTrust REIT by 76.6% during the third quarter. Creative Planning now owns 62,378 shares of the real estate investment trust's stock valued at $1,925,000 after buying an additional 27,048 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in shares of CareTrust REIT during the third quarter valued at about $406,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of CareTrust REIT by 21.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,331 shares of the real estate investment trust's stock valued at $905,000 after buying an additional 5,241 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of CareTrust REIT by 178.3% during the third quarter. Blue Trust Inc. now owns 1,205 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 772 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CTRE shares. BMO Capital Markets downgraded shares of CareTrust REIT from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $34.00 to $32.00 in a report on Monday, December 9th. Wedbush downgraded shares of CareTrust REIT from a "neutral" rating to an "underperform" rating and cut their price objective for the company from $34.00 to $26.00 in a report on Thursday, January 2nd. Finally, Royal Bank of Canada cut their price objective on shares of CareTrust REIT from $37.00 to $32.00 and set an "outperform" rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, CareTrust REIT presently has an average rating of "Hold" and a consensus price target of $30.83.

CareTrust REIT Stock Performance

CareTrust REIT stock traded down $0.73 during mid-day trading on Friday, hitting $24.90. The company had a trading volume of 1,829,310 shares, compared to its average volume of 1,787,361. The company has a current ratio of 3.82, a quick ratio of 3.82 and a debt-to-equity ratio of 0.14. CareTrust REIT, Inc. has a 12-month low of $22.46 and a 12-month high of $33.15. The company's fifty day moving average is $26.73 and its 200-day moving average is $28.86. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 31.51, a P/E/G ratio of 1.25 and a beta of 1.09.

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

CareTrust REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.29 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.16 dividend on an annualized basis and a yield of 4.66%. CareTrust REIT's payout ratio is currently 146.84%.

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.