Caitlin John LLC Has $521,000 Position in CareTrust REIT, Inc. $CTRE

Key Points

• Caitlin John LLC reduced its holdings in CareTrust REIT by **63.6%**, owning **18,220 shares** after selling **31,774 shares** during the first quarter.
• Analysts have a **consensus rating of "Moderate Buy"** for CareTrust REIT, with an average price target of **$31.50**.
• CareTrust REIT recently announced a **quarterly dividend** of **$0.335**, representing an annualized dividend yield of **3.9%**.

Caitlin John LLC reduced its holdings in CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) by 63.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,220 shares of the real estate investment trust's stock after selling 31,774 shares during the quarter. Caitlin John LLC's holdings in CareTrust REIT were worth $521,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CTRE. Groupe la Francaise grew its holdings in shares of CareTrust REIT by 14.3% during the first quarter. Groupe la Francaise now owns 20,572 shares of the real estate investment trust's stock worth $588,000 after buying an additional 2,575 shares in the last quarter. Norinchukin Bank The grew its holdings in shares of CareTrust REIT by 4.6% during the first quarter. Norinchukin Bank The now owns 8,662 shares of the real estate investment trust's stock worth $248,000 after buying an additional 382 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of CareTrust REIT by 13.2% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,422 shares of the real estate investment trust's stock worth $355,000 after buying an additional 1,451 shares in the last quarter. Northern Trust Corp grew its holdings in shares of CareTrust REIT by 5.6% during the first quarter. Northern Trust Corp now owns 2,606,842 shares of the real estate investment trust's stock worth $74,504,000 after buying an additional 137,202 shares in the last quarter. Finally, Algert Global LLC grew its holdings in shares of CareTrust REIT by 122.5% during the first quarter. Algert Global LLC now owns 217,093 shares of the real estate investment trust's stock worth $6,205,000 after buying an additional 119,520 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CTRE shares. KeyCorp increased their price objective on CareTrust REIT from $33.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Royal Bank Of Canada reiterated an "outperform" rating on shares of CareTrust REIT in a report on Monday, August 11th. Finally, Wells Fargo & Company raised their price target on CareTrust REIT from $32.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, CareTrust REIT has an average rating of "Moderate Buy" and a consensus price target of $32.50.

CareTrust REIT Stock Performance

Shares of NASDAQ CTRE traded down $0.30 during midday trading on Thursday, hitting $34.31. 478,822 shares of the company's stock were exchanged, compared to its average volume of 1,950,049. The company has a quick ratio of 3.82, a current ratio of 3.82 and a debt-to-equity ratio of 0.14. CareTrust REIT, Inc. has a 12 month low of $24.79 and a 12 month high of $34.92. The company's 50 day moving average price is $31.81 and its 200 day moving average price is $29.29. The firm has a market capitalization of $7.48 billion, a PE ratio of 43.42, a price-to-earnings-growth ratio of 1.25 and a beta of 0.85.

CareTrust REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Monday, June 30th. CareTrust REIT's payout ratio is currently 111.67%.

CareTrust REIT Company Profile

CareTrust REIT, Inc's (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas.