2,531,906 Shares in CareTrust REIT, Inc. $CTRE Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp acquired a new stake in CareTrust REIT, Inc. (NYSE:CTRE - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,531,906 shares of the company's stock, valued at approximately $102,162,000. Bank of New York Mellon Corp owned 1.07% of CareTrust REIT as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Kemnay Advisory Services Inc. acquired a new position in shares of CareTrust REIT in the fourth quarter worth approximately $27,000. Transamerica Financial Advisors LLC increased its position in CareTrust REIT by 520.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company's stock valued at $32,000 after purchasing an additional 728 shares during the period. EverSource Wealth Advisors LLC increased its position in CareTrust REIT by 134.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock valued at $34,000 after purchasing an additional 644 shares during the period. Mcguire Capital Advisors Inc. bought a new position in CareTrust REIT during the 4th quarter worth approximately $40,000. Finally, Eurizon Capital SGR S.p.A. bought a new position in CareTrust REIT during the 4th quarter worth approximately $44,000. 87.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Raymond James Financial started coverage on shares of CareTrust REIT in a research report on Tuesday, June 16th. They set an "outperform" rating and a $43.00 price objective for the company. BMO Capital Markets boosted their target price on shares of CareTrust REIT from $46.00 to $47.00 and gave the company an "outperform" rating in a report on Monday, June 15th. KeyCorp reaffirmed an "overweight" rating and set a $46.00 price target on shares of CareTrust REIT in a research report on Friday, May 29th. Royal Bank Of Canada downgraded CareTrust REIT from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $44.00 to $43.00 in a report on Friday, August 14th. Finally, Zacks Research raised CareTrust REIT from a "strong sell" rating to a "hold" rating in a research report on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $44.82.

CareTrust REIT Stock Up 0.2%

Shares of NYSE CTRE opened at $39.64 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.27. The firm has a market cap of $9.37 billion, a PE ratio of 24.93, a P/E/G ratio of 1.56 and a beta of 0.75. The company's fifty day simple moving average is $40.49 and its 200 day simple moving average is $39.74. CareTrust REIT, Inc. has a 12-month low of $32.79 and a 12-month high of $43.62.

CareTrust REIT (NYSE:CTRE - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $161.35 million for the quarter. CareTrust REIT had a net margin of 62.19% and a return on equity of 8.52%. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. As a group, sell-side analysts forecast that CareTrust REIT, Inc. will post 2.05 earnings per share for the current fiscal year.

CareTrust REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.39 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.56 annualized dividend and a yield of 3.9%. CareTrust REIT's dividend payout ratio is presently 98.11%.

About CareTrust REIT

CareTrust REIT, Inc is a real estate investment trust based in Deerfield Beach, Florida, specializing in the ownership, acquisition and management of net-leased healthcare properties. The company primarily focuses on seniors housing and post-acute care facilities, entering into long-term, triple-net lease agreements with leading operators in the skilled nursing, assisted living, memory care, inpatient rehabilitation and specialty hospital sectors. Through its portfolio, CareTrust REIT aims to provide investors with stable and predictable rental income while supporting the ongoing demand for quality healthcare real estate across the United States.

Since its initial public offering in September 2013, CareTrust REIT has pursued a disciplined acquisition strategy, targeting properties in primary and select secondary markets.

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