Algert Global LLC Has $12.61 Million Stock Position in CareTrust REIT, Inc. $CTRE

Key Points

• Algert Global reduced its CareTrust REIT stake by 39.5% in the second quarter, selling 204,137 shares and retaining 312,540 shares valued at approximately $12.61 million. Institutional investors and hedge funds collectively own 87.77% of CTRE.
• CareTrust REIT reported quarterly EPS of $0.51, matching estimates, on revenue of $161.35 million, and issued fiscal 2026 EPS guidance of $2.03–$2.06. The company also maintains a quarterly dividend of $0.39, equivalent to a 3.9% annualized yield.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $44.82, compared with the stock’s reported price of $39.90.

Algert Global LLC reduced its stake in CareTrust REIT, Inc. (NYSE:CTRE - Free Report) by 39.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 312,540 shares of the company's stock after selling 204,137 shares during the period. Algert Global LLC owned 0.13% of CareTrust REIT worth $12,611,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Kemnay Advisory Services Inc. acquired a new position in CareTrust REIT in the fourth quarter valued at about $27,000. Persistent Asset Partners Ltd bought a new position in CareTrust REIT during the second quarter worth about $31,000. Compass Financial Management LLC acquired a new position in shares of CareTrust REIT during the 2nd quarter worth about $34,000. Transamerica Financial Advisors LLC grew its position in shares of CareTrust REIT by 520.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company's stock worth $32,000 after buying an additional 728 shares during the period. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of CareTrust REIT in the 4th quarter valued at about $40,000. 87.77% of the stock is owned by institutional investors and hedge funds.

CareTrust REIT Stock Performance

Shares of CTRE opened at $39.90 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.57 and a current ratio of 0.57. CareTrust REIT, Inc. has a twelve month low of $32.79 and a twelve month high of $43.62. The firm's 50 day moving average price is $40.55 and its two-hundred day moving average price is $39.77. The firm has a market cap of $9.43 billion, a P/E ratio of 25.09, a PEG ratio of 1.56 and a beta of 0.75.

CareTrust REIT (NYSE:CTRE - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $161.35 million during 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. On average, analysts forecast that CareTrust REIT, Inc. will post 2.05 EPS for the current fiscal year.

CareTrust REIT Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. KeyCorp reiterated an "overweight" rating and issued a $46.00 price target on shares of CareTrust REIT in a research report on Friday, May 29th. BMO Capital Markets upped their target price on shares of CareTrust REIT from $46.00 to $47.00 and gave the company an "outperform" rating in a research note on Monday, June 15th. Mizuho set a $45.00 target price on shares of CareTrust REIT in a report on Friday, May 22nd. Cantor Fitzgerald increased their target price on shares of CareTrust REIT from $42.00 to $43.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. Finally, Citigroup reissued a "market outperform" rating on shares of CareTrust REIT in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $44.82.

CareTrust REIT 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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