CareTrust REIT, Inc. (NASDAQ:CTRE) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its position in CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) by 107.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 27,378 shares of the real estate investment trust's stock after purchasing an additional 14,210 shares during the period. Vontobel Holding Ltd.'s holdings in CareTrust REIT were worth $741,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its position in CareTrust REIT by 178.3% in the 3rd 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 in the last quarter. Versant Capital Management Inc grew 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 valued at $40,000 after acquiring an additional 743 shares during the period. Loomis Sayles & Co. L P grew its position in shares of CareTrust REIT by 5,527.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,026 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 1,990 shares during the period. Signaturefd LLC grew its position in shares of CareTrust REIT by 55.0% during the 3rd 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 during the period. Finally, FSA Wealth Management LLC bought a new position in shares of CareTrust REIT during the 3rd quarter valued at approximately $80,000. 87.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

CareTrust REIT Trading Down 2.8 %

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

CareTrust REIT (NASDAQ:CTRE - Get Free Report) last released its 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 return on equity of 5.59% and a net margin of 42.22%. During the same quarter last year, the firm earned $0.25 earnings per share. As a group, sell-side analysts expect that CareTrust REIT, Inc. will post 1.71 EPS for the current fiscal year.

CareTrust REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.16 annualized dividend and a dividend yield of 4.66%. CareTrust REIT's payout ratio is 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.