CareTrust REIT, Inc. (NASDAQ:CTRE) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. grew its position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) by 144.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 458,744 shares of the real estate investment trust's stock after purchasing an additional 270,951 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.27% of CareTrust REIT worth $12,409,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Advantage Trust Co purchased a new stake in CareTrust REIT during the fourth quarter valued at $30,000. Blue Trust Inc. lifted its holdings in shares of CareTrust REIT by 50.0% in the 4th quarter. Blue Trust Inc. now owns 1,808 shares of the real estate investment trust's stock valued at $49,000 after acquiring an additional 603 shares during the last quarter. Quarry LP increased its stake in CareTrust REIT by 463.5% during the fourth quarter. Quarry LP now owns 1,854 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 1,525 shares during the last quarter. Signaturefd LLC lifted its stake in shares of CareTrust REIT by 20.3% in the 4th quarter. Signaturefd LLC now owns 2,628 shares of the real estate investment trust's stock valued at $71,000 after purchasing an additional 443 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of CareTrust REIT by 56.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,032 shares of the real estate investment trust's stock worth $135,000 after purchasing an additional 1,806 shares during the period. 87.77% of the stock is owned by institutional investors.

CareTrust REIT Stock Performance

NASDAQ CTRE traded up $0.04 on Monday, hitting $29.22. 208,927 shares of the company's stock traded hands, compared to its average volume of 1,802,546. CareTrust REIT, Inc. has a 1-year low of $24.35 and a 1-year high of $33.15. The company has a current ratio of 3.82, a quick ratio of 3.82 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $5.60 billion, a PE ratio of 37.07, a P/E/G ratio of 1.25 and a beta of 0.88. The firm's 50-day moving average price is $28.42 and its two-hundred day moving average price is $27.96.

CareTrust REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.335 dividend. This is a positive change from CareTrust REIT's previous quarterly dividend of $0.29. This represents a $1.34 annualized dividend and a yield of 4.59%. The ex-dividend date was Monday, March 31st. CareTrust REIT's dividend payout ratio (DPR) is presently 145.65%.

Analysts Set New Price Targets

Several analysts have issued reports on CTRE shares. Deutsche Bank Aktiengesellschaft raised shares of CareTrust REIT from a "hold" rating to a "buy" rating and set a $31.00 price objective for the company in a research note on Thursday, March 13th. Royal Bank of Canada lowered 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 note on Friday, February 21st. Wells Fargo & Company reduced their price target on shares of CareTrust REIT from $34.00 to $31.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Finally, Wedbush reaffirmed an "underperform" rating and set a $26.00 price target on shares of CareTrust REIT in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.00.

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.