BlackRock Inc. Acquires Shares of 40,725,896 CareTrust REIT, Inc. $CTRE

Key Points

• BlackRock acquired 40.7 million CareTrust REIT shares worth approximately $1.64 billion, giving it a 17.24% stake. Institutional investors collectively own 87.77% of CTRE.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $44.82, compared with the stock’s reported $39.81 opening price.
• CareTrust REIT reported quarterly EPS of $0.51 on $161.35 million in revenue and reaffirmed fiscal 2026 EPS guidance of $2.03–$2.06. Its quarterly dividend is $0.39 per share, equivalent to a 3.9% annualized yield.

BlackRock Inc. bought a new position in CareTrust REIT, Inc. (NYSE:CTRE - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 40,725,896 shares of the company's stock, valued at approximately $1,643,290,000. BlackRock Inc. owned 17.24% of CareTrust REIT at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CTRE. Cantor Fitzgerald upped their target price on shares of CareTrust REIT from $42.00 to $43.00 and gave the stock a "neutral" rating in a research note on Monday, August 10th. Citigroup reaffirmed a "market outperform" rating on shares of CareTrust REIT in a research report on Wednesday, June 10th. Mizuho set a $45.00 target price on CareTrust REIT in a research report on Friday, May 22nd. KeyCorp restated an "overweight" rating and set a $46.00 price target on shares of CareTrust REIT in a research note on Friday, May 29th. Finally, Wells Fargo & Company raised their price objective on CareTrust REIT from $42.00 to $47.00 and gave the stock an "overweight" rating in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $44.82.

CareTrust REIT Price Performance

CareTrust REIT stock opened at $39.81 on Friday. 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 1 year low of $32.79 and a 1 year high of $43.62. The stock has a market capitalization of $9.41 billion, a P/E ratio of 25.04, a P/E/G ratio of 1.57 and a beta of 0.75. The company's fifty day moving average price is $40.38 and its 200 day moving average price is $39.70.

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

CareTrust REIT Announces Dividend

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

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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