303,900 Shares in CareTrust REIT, Inc. $CTRE Acquired by B&I Capital AG

Key Points

• B&I Capital AG bought 303,900 shares of CareTrust REIT (about $10.99M) in Q4, making CTRE roughly 3.9% of its portfolio and its sixth-largest holding; B&I owns about 0.14% of CareTrust.
• CareTrust raised its quarterly dividend to $0.39 per share (annualized $1.56) for a yield of 3.9%, though the dividend payout ratio is relatively high at 86.45%.
• Analysts have a consensus "Buy" on CTRE with an average price target of $42.82 (UBS and RBC recently raised targets), while the stock trades near $39.72 with a 1‑year range of $27.27–$41.72.

B&I Capital AG bought a new stake in shares of CareTrust REIT, Inc. (NYSE:CTRE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 303,900 shares of the company's stock, valued at approximately $10,989,000. CareTrust REIT makes up approximately 3.9% of B&I Capital AG's portfolio, making the stock its 6th biggest position. B&I Capital AG owned approximately 0.14% of CareTrust REIT as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of CareTrust REIT by 36.4% during the first quarter. Royal Bank of Canada now owns 179,501 shares of the company's stock valued at $5,129,000 after purchasing an additional 47,936 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of CareTrust REIT by 11.3% during the first quarter. NewEdge Advisors LLC now owns 33,628 shares of the company's stock valued at $961,000 after purchasing an additional 3,408 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of CareTrust REIT by 134.2% during the second 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 in the last quarter. First Trust Advisors LP boosted its position in shares of CareTrust REIT by 67.6% during the second 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 in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of 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 purchasing an additional 27,706 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CTRE shares. UBS Group lifted their price target on CareTrust REIT from $44.00 to $48.00 and gave the company a "buy" rating in a research report on Wednesday, February 18th. Zacks Research lowered CareTrust REIT from a "hold" rating to a "strong sell" rating in a research report on Wednesday, March 25th. The Goldman Sachs Group set a $44.00 price target on CareTrust REIT in a research report on Thursday, January 22nd. Citigroup started coverage on CareTrust REIT in a research report on Thursday, January 22nd. They set a "market outperform" rating on the stock. Finally, Royal Bank Of Canada lifted their price objective on CareTrust REIT from $41.00 to $44.00 and gave the company an "outperform" rating in a research note on Tuesday, February 24th. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $42.82.

CareTrust REIT Stock Up 0.9%

CTRE stock opened at $39.72 on Thursday. CareTrust REIT, Inc. has a 1-year low of $27.27 and a 1-year high of $41.72. The business has a fifty day moving average price of $39.19 and a 200-day moving average price of $37.20. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market capitalization of $8.87 billion, a P/E ratio of 25.62, a P/E/G ratio of 2.63 and a beta of 0.77.

CareTrust REIT (NYSE:CTRE - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. CareTrust REIT had a return on equity of 8.98% and a net margin of 67.28%.The firm had revenue of $134.86 million during the quarter. CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS.

CareTrust REIT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.9%. This is a boost from CareTrust REIT's previous quarterly dividend of $0.34. The ex-dividend date was Tuesday, March 31st. CareTrust REIT's dividend payout ratio (DPR) is currently 86.45%.

CareTrust REIT Company Profile

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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