Caitlin John LLC Has $1.02 Million Stake in CareTrust REIT, Inc. $CTRE

Key Points

• Caitlin John LLC increased its stake in CareTrust REIT by 82.7%, now holding a total of 33,289 shares worth $1.02 million.
• Institutional investors own 87.77% of CareTrust REIT's stock, indicating strong institutional interest in the company.
• CareTrust REIT announced a quarterly dividend of $0.335 per share, with an annualized dividend yield of 3.9%.

Caitlin John LLC lifted its stake in shares of CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) by 82.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,289 shares of the real estate investment trust's stock after buying an additional 15,069 shares during the period. Caitlin John LLC's holdings in CareTrust REIT were worth $1,019,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cetera Investment Advisers increased its holdings in CareTrust REIT by 19.1% in the fourth quarter. Cetera Investment Advisers now owns 32,431 shares of the real estate investment trust's stock valued at $877,000 after buying an additional 5,208 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in CareTrust REIT by 2.3% in the 4th quarter. Quantinno Capital Management LP now owns 17,482 shares of the real estate investment trust's stock valued at $473,000 after purchasing an additional 385 shares during the last quarter. State of Wyoming acquired a new position in shares of CareTrust REIT in the 4th quarter worth approximately $152,000. Squarepoint Ops LLC increased its stake in CareTrust REIT by 406.1% during the 4th quarter. Squarepoint Ops LLC now owns 216,196 shares of the real estate investment trust's stock worth $5,848,000 after buying an additional 173,477 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of CareTrust REIT by 21.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,154,378 shares of the real estate investment trust's stock valued at $31,226,000 after purchasing an additional 202,843 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Royal Bank Of Canada restated an "outperform" rating on shares of CareTrust REIT in a research note on Monday, August 11th. KeyCorp lifted their price target on shares of CareTrust REIT from $33.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Raymond James Financial set a $39.00 target price on shares of CareTrust REIT and gave the company a "strong-buy" rating in a research note on Tuesday, September 2nd. Finally, Wells Fargo & Company upped their price target on shares of CareTrust REIT from $32.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $33.43.

CareTrust REIT Trading Down 1.0%

NASDAQ CTRE traded down $0.34 on Monday, hitting $34.00. 1,975,836 shares of the company were exchanged, compared to its average volume of 1,966,866. The company's 50 day moving average price is $33.07 and its 200-day moving average price is $30.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.82 and a quick ratio of 3.82. The firm has a market capitalization of $7.42 billion, a P/E ratio of 43.03, a price-to-earnings-growth ratio of 1.25 and a beta of 0.84. CareTrust REIT, Inc. has a twelve month low of $24.79 and a twelve month high of $35.08.

CareTrust REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.335 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.9%. CareTrust REIT's dividend payout ratio is currently 111.67%.

CareTrust REIT 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.