296,160 Shares in CareTrust REIT, Inc. $CTRE Acquired by Beacon Pointe Advisors LLC

Key Points

• Beacon Pointe Advisors acquired 296,160 CareTrust REIT shares worth approximately $11.95 million, while institutional investors and hedge funds collectively own 87.77% of CTRE.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $44.82, above the stock’s recent $39.02 price.
• CareTrust REIT reported quarterly EPS of $0.51, matching estimates, and pays a quarterly dividend of $0.39 per share—equivalent to a 4.0% annualized yield.

Beacon Pointe Advisors LLC bought a new position in CareTrust REIT, Inc. (NYSE:CTRE - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 296,160 shares of the company's stock, valued at approximately $11,951,000. Beacon Pointe Advisors LLC owned 0.13% of CareTrust REIT at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Royal Bank of Canada raised its stake in shares of CareTrust REIT by 36.4% during the 1st quarter. Royal Bank of Canada now owns 179,501 shares of the company's stock worth $5,129,000 after purchasing an additional 47,936 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of CareTrust REIT by 11.3% in the first quarter. NewEdge Advisors LLC now owns 33,628 shares of the company's stock worth $961,000 after purchasing an additional 3,408 shares during the period. EverSource Wealth Advisors LLC increased its position in CareTrust REIT by 134.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock worth $34,000 after buying an additional 644 shares during the period. First Trust Advisors LP raised its stake in CareTrust REIT by 67.6% during the 2nd quarter. First Trust Advisors LP now owns 245,154 shares of the company's stock valued at $7,502,000 after purchasing an additional 98,850 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in CareTrust REIT by 310.1% during the second quarter. Cerity Partners LLC now owns 36,640 shares of the company's stock valued at $1,121,000 after acquiring an additional 27,706 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on CTRE. Raymond James Financial assumed coverage on shares of CareTrust REIT in a report on Tuesday, June 16th. They set an "outperform" rating and a $43.00 price objective for the company. Mizuho set a $45.00 target price on CareTrust REIT in a report on Friday, May 22nd. BMO Capital Markets lifted their price target on shares of CareTrust REIT from $46.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, June 15th. Weiss Ratings downgraded CareTrust REIT from a "buy (a-)" rating to a "buy (b+)" rating in a report on Friday, August 21st. Finally, Wells Fargo & Company boosted their target price on CareTrust REIT from $42.00 to $47.00 and gave the company an "overweight" rating in a research note on Monday, June 1st. One equities research 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 stock. According to data from MarketBeat.com, CareTrust REIT presently has a consensus rating of "Moderate Buy" and an average target price of $44.82.

CareTrust REIT Stock Down 0.9%

NYSE:CTRE opened at $39.02 on Friday. The company has a market cap of $9.22 billion, a PE ratio of 24.54, a P/E/G ratio of 1.55 and a beta of 0.75. The firm's 50 day simple moving average is $40.71 and its 200 day simple moving average is $39.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.57 and a quick ratio of 0.57. CareTrust REIT, Inc. has a one year low of $32.79 and a one year high of $43.62.

CareTrust REIT (NYSE:CTRE - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. CareTrust REIT had a net margin of 62.19% and a return on equity of 8.52%. The firm had revenue of $161.35 million during the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. On average, research analysts anticipate that CareTrust REIT, Inc. will post 2.05 earnings per share for the current year.

CareTrust REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.56 annualized dividend and a dividend yield of 4.0%. CareTrust REIT's dividend payout ratio (DPR) is currently 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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