42,218 CareTrust REIT, Inc. $CTRE Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC lessened its position in CareTrust REIT, Inc. (NYSE:CTRE - Free Report) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,653,827 shares of the company's stock after selling 42,218 shares during the period. CareTrust REIT comprises 1.4% of Copeland Capital Management LLC's portfolio, making the stock its 19th largest holding. Copeland Capital Management LLC owned approximately 0.70% of CareTrust REIT worth $60,497,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CTRE. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in CareTrust REIT during the second quarter valued at approximately $8,231,000. Greenland Capital Management LP purchased a new stake in CareTrust REIT during the second quarter worth approximately $9,684,000. Corient Private Wealth LP increased its position in shares of CareTrust REIT by 76.2% in the second quarter. Corient Private Wealth LP now owns 166,828 shares of the company's stock worth $6,732,000 after acquiring an additional 72,137 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of CareTrust REIT by 17.2% in the second quarter. Hsbc Holdings PLC now owns 478,410 shares of the company's stock worth $19,334,000 after acquiring an additional 70,243 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in shares of CareTrust REIT in the second quarter worth $23,025,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CTRE shares. Wells Fargo & Company cut their target price on shares of CareTrust REIT from $47.00 to $44.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 1st. Huntington initiated coverage on shares of CareTrust REIT in a research report on Thursday, September 10th. They set an "outperform" rating and a $44.00 price target for the company. BMO Capital Markets lowered their price target on CareTrust REIT from $47.00 to $45.00 and set an "outperform" rating for the company in a report on Monday, October 5th. UBS Group lowered their price target on CareTrust REIT from $48.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Raymond James Financial cut their price objective on CareTrust REIT from $45.00 to $42.00 and set an "outperform" rating on the stock in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.92.

CareTrust REIT Stock Performance

Shares of CTRE opened at $36.54 on Wednesday. The stock has a market capitalization of $8.63 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 1.43 and a beta of 0.75. The business's fifty day moving average price is $38.43 and its 200 day moving average price is $39.33. 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 12-month low of $32.79 and a 12-month high of $43.62.

CareTrust REIT (NYSE:CTRE - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, hitting analysts' consensus estimates of $0.51. CareTrust REIT had a net margin of 62.19% and a return on equity of 8.52%. The company had revenue of $161.35 million for the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. Equities research analysts forecast that CareTrust REIT, Inc. will post 2.07 EPS for the current year.

CareTrust REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, September 30th. CareTrust REIT's dividend payout ratio (DPR) is 98.11%.

CareTrust REIT Profile

CareTrust REIT, Inc is a real estate investment trust that owns, acquires, develops, and leases healthcare-related properties. Its portfolio is primarily focused on skilled nursing facilities, assisted living communities, and other post-acute care properties operated by third-party healthcare providers.

The company generally leases its properties under long-term agreements, including triple-net leases, under which tenants are typically responsible for property-level expenses such as taxes, insurance, and maintenance.

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