Yousif Capital Management LLC Buys 11,734 Shares of CareTrust REIT, Inc. (NASDAQ:CTRE)

Yousif Capital Management LLC lifted its stake in shares of CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) by 19.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,194 shares of the real estate investment trust's stock after purchasing an additional 11,734 shares during the quarter. Yousif Capital Management LLC's holdings in CareTrust REIT were worth $1,926,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CTRE. abrdn plc lifted its position in shares of CareTrust REIT by 110.3% in the 4th quarter. abrdn plc now owns 59,143 shares of the real estate investment trust's stock worth $1,585,000 after purchasing an additional 31,018 shares during the period. Golden State Equity Partners grew its holdings in CareTrust REIT by 449.6% during the 4th quarter. Golden State Equity Partners now owns 38,872 shares of the real estate investment trust's stock worth $1,051,000 after acquiring an additional 31,799 shares during the period. Milestone Asset Management LLC grew its holdings in CareTrust REIT by 3.5% during the 4th quarter. Milestone Asset Management LLC now owns 31,910 shares of the real estate investment trust's stock worth $863,000 after acquiring an additional 1,071 shares during the period. Valicenti Advisory Services Inc. grew its holdings in CareTrust REIT by 3.7% during the 4th quarter. Valicenti Advisory Services Inc. now owns 31,390 shares of the real estate investment trust's stock worth $849,000 after acquiring an additional 1,125 shares during the period. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in CareTrust REIT during the 4th quarter worth about $300,000. 87.77% of the stock is owned by institutional investors.

CareTrust REIT Stock Down 0.4 %

Shares of CTRE traded down $0.10 during trading hours on Friday, hitting $26.43. The stock had a trading volume of 1,792,844 shares, compared to its average volume of 1,339,118. The company has a debt-to-equity ratio of 0.16, a current ratio of 7.60 and a quick ratio of 7.60. The firm has a 50 day simple moving average of $27.02 and a 200-day simple moving average of $28.92. The firm has a market capitalization of $4.53 billion, a P/E ratio of 36.70, a price-to-earnings-growth ratio of 1.24 and a beta of 1.09. CareTrust REIT, Inc. has a 1-year low of $22.42 and a 1-year high of $33.15.

CareTrust REIT (NASDAQ:CTRE - Get Free Report) last issued its earnings results 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 net margin of 36.88% and a return on equity of 5.32%. During the same period last year, the company earned $0.25 earnings per share. Sell-side analysts predict that CareTrust REIT, Inc. will post 1.5 EPS for the current fiscal year.

CareTrust REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.29 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.16 annualized dividend and a yield of 4.39%. CareTrust REIT's payout ratio is 161.11%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CTRE shares. BMO Capital Markets downgraded CareTrust REIT from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $34.00 to $32.00 in a report on Monday, December 9th. Wedbush downgraded CareTrust REIT from a "neutral" rating to an "underperform" rating and decreased their price target for the stock from $34.00 to $26.00 in a report on Thursday, January 2nd. One research 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. According to MarketBeat, the company has a consensus rating of "Hold" and an average 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.