Bank of America Corp DE Takes Position in CareTrust REIT, Inc. $CTRE

Key Points

• Bank of America acquired 1.14 million CareTrust REIT shares worth approximately $45.9 million, giving it a 0.48% stake. Institutional investors collectively own 87.77% of CTRE.
• CareTrust REIT reported quarterly EPS of $0.51 on revenue of $161.35 million, meeting analyst expectations, and guided for fiscal 2026 EPS of $2.03–$2.06.
• The company declared a quarterly dividend of $0.39 per share, equivalent to an annualized $1.56 payout and a 4.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $44.50.

Bank of America Corp DE purchased a new position in shares of CareTrust REIT, Inc. (NYSE:CTRE - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,138,415 shares of the company's stock, valued at approximately $45,935,000. Bank of America Corp DE owned about 0.48% of CareTrust REIT as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CTRE. BlackRock Inc. bought a new position in shares of CareTrust REIT in the second quarter valued at $1,643,290,000. Geode Capital Management LLC lifted its stake in CareTrust REIT by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 6,092,398 shares of the company's stock valued at $220,332,000 after acquiring an additional 409,411 shares in the last quarter. Deutsche Bank AG purchased a new position in CareTrust REIT during the 2nd quarter worth $143,963,000. Dimensional Fund Advisors LP boosted its holdings in CareTrust REIT by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,333,252 shares of the company's stock worth $122,164,000 after acquiring an additional 61,417 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of CareTrust REIT in the 4th quarter worth $114,810,000. Institutional investors own 87.77% of the company's stock.

CareTrust REIT Stock Performance

NYSE CTRE opened at $37.66 on Tuesday. CareTrust REIT, Inc. has a 1 year low of $32.79 and a 1 year high of $43.62. The company's 50 day simple moving average is $40.16 and its two-hundred day simple moving average is $39.61. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market capitalization of $8.90 billion, a PE ratio of 23.69, a P/E/G ratio of 1.49 and a beta of 0.76.

CareTrust REIT (NYSE:CTRE - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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. Analysts predict that CareTrust REIT, Inc. will post 2.04 earnings per share for the current fiscal year.

CareTrust REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Wednesday, September 30th. CareTrust REIT's payout ratio is 98.11%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CTRE. Zacks Research upgraded shares of CareTrust REIT from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. Weiss Ratings cut shares of CareTrust REIT from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, September 8th. Raymond James Financial started coverage on shares of CareTrust REIT in a research report on Tuesday, June 16th. They issued an "outperform" rating and a $43.00 price objective for the company. Wells Fargo & Company cut their price objective on CareTrust REIT from $47.00 to $44.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 1st. Finally, Cantor Fitzgerald upped their price objective on CareTrust REIT from $42.00 to $43.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $44.50.

CareTrust REIT Profile

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that owns and manages a portfolio of healthcare-related properties across the United States. The company primarily invests in properties that are leased to healthcare operators under long-term, typically triple-net lease agreements.

CareTrust's portfolio includes skilled nursing facilities, assisted living facilities, independent living communities, memory care properties and other healthcare-related real estate. Its tenants are responsible for operating the facilities and generally cover property-level expenses such as taxes, insurance and maintenance under the terms of the leases.

CareTrust was established in 2014 through a separation from The Ensign Group, a healthcare services company.

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