CareTrust REIT, Inc. (NASDAQ:CTRE) Stock Position Lifted by SG Americas Securities LLC

SG Americas Securities LLC raised its position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) by 428.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,460 shares of the real estate investment trust's stock after purchasing an additional 23,888 shares during the period. SG Americas Securities LLC's holdings in CareTrust REIT were worth $797,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new stake in CareTrust REIT in the second quarter worth about $27,000. Blue Trust Inc. raised its position in shares of CareTrust REIT by 178.3% during the 3rd quarter. Blue Trust Inc. now owns 1,205 shares of the real estate investment trust's stock worth $37,000 after buying an additional 772 shares in the last quarter. Versant Capital Management Inc raised its position in shares of CareTrust REIT by 98.8% during the 4th quarter. Versant Capital Management Inc now owns 1,495 shares of the real estate investment trust's stock worth $40,000 after buying an additional 743 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake in shares of CareTrust REIT by 5,527.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,026 shares of the real estate investment trust's stock worth $63,000 after acquiring an additional 1,990 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of CareTrust REIT by 55.0% in the third quarter. Signaturefd LLC now owns 2,185 shares of the real estate investment trust's stock valued at $67,000 after acquiring an additional 775 shares in the last quarter. Institutional investors own 87.77% of the company's stock.

CareTrust REIT Price Performance

Shares of NASDAQ CTRE traded up $0.30 during mid-day trading on Thursday, reaching $26.51. The company had a trading volume of 1,489,142 shares, compared to its average volume of 1,501,244. CareTrust REIT, Inc. has a 1-year low of $20.10 and a 1-year high of $33.15. The stock has a market cap of $4.55 billion, a PE ratio of 36.82, a P/E/G ratio of 1.25 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. The company has a 50-day moving average price of $27.85 and a two-hundred day moving average price of $28.96.

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

CareTrust REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.38%. CareTrust REIT's dividend payout ratio is currently 161.11%.

Wall Street Analyst Weigh In

CTRE has been the topic of several recent analyst reports. BMO Capital Markets cut CareTrust REIT from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $34.00 to $32.00 in a report on Monday, December 9th. KeyCorp upped their price objective on CareTrust REIT from $27.00 to $34.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Finally, Wedbush cut shares of CareTrust REIT from a "neutral" rating to an "underperform" rating and dropped their price target for the stock from $34.00 to $26.00 in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price 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.