CareTrust REIT, Inc. $CTRE Position Reduced by Teacher Retirement System of Texas

Key Points

• Teacher Retirement System of Texas reduced its stake by 36.4%, selling 39,246 shares and now holding 68,562 CTRE shares valued at about $2.48 million; institutional investors collectively own roughly 87.77% of the company.
• Several analysts have upgraded CTRE—RBC raised its target to $44 and UBS to $48—and the stock carries a consensus "Buy" rating with an average price target of $42.82.
• CareTrust increased its quarterly dividend to $0.39 (annualized $1.56, ~4.0% yield) after reporting Q EPS of $0.50 (beat) and issuing FY2026 guidance of 1.90–1.95 EPS versus sell‑side forecasts around 1.98.

Teacher Retirement System of Texas reduced its position in CareTrust REIT, Inc. (NYSE:CTRE - Free Report) by 36.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,562 shares of the company's stock after selling 39,246 shares during the period. Teacher Retirement System of Texas' holdings in CareTrust REIT were worth $2,479,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Royal Bank of Canada lifted its position 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 valued at $5,129,000 after acquiring an additional 47,936 shares in the last quarter. NewEdge Advisors LLC grew its position in CareTrust REIT by 11.3% during the 1st quarter. NewEdge Advisors LLC now owns 33,628 shares of the company's stock worth $961,000 after purchasing an additional 3,408 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in CareTrust REIT by 134.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock valued at $34,000 after purchasing an additional 644 shares during the period. First Trust Advisors LP lifted its holdings in shares of CareTrust REIT by 67.6% in the second quarter. First Trust Advisors LP now owns 245,154 shares of the company's stock valued at $7,502,000 after purchasing an additional 98,850 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of CareTrust REIT by 310.1% in the second quarter. Cerity Partners LLC now owns 36,640 shares of the company's stock valued at $1,121,000 after purchasing an additional 27,706 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CTRE shares. Royal Bank Of Canada lifted their price target on CareTrust REIT from $41.00 to $44.00 and gave the company an "outperform" rating in a report on Tuesday, February 24th. UBS Group increased their price objective on CareTrust REIT from $44.00 to $48.00 and gave the stock a "buy" rating in a research note on Wednesday, February 18th. Zacks Research lowered CareTrust REIT from a "hold" rating to a "strong sell" rating in a research report on Wednesday, March 25th. Weiss Ratings upgraded CareTrust REIT from a "buy (b+)" rating to a "buy (a-)" rating in a report on Monday, January 26th. Finally, BMO Capital Markets raised shares of CareTrust REIT from a "hold" rating to an "outperform" rating and set a $43.00 price target for the company in a research report on Friday, January 9th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, CareTrust REIT presently has a consensus rating of "Buy" and an average price target of $42.82.

CareTrust REIT Trading Up 2.1%

CareTrust REIT stock opened at $38.78 on Tuesday. CareTrust REIT, Inc. has a 12 month low of $27.27 and a 12 month high of $41.72. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. The stock has a market cap of $8.66 billion, a P/E ratio of 25.02, a P/E/G ratio of 2.54 and a beta of 0.77. The company's fifty day simple moving average is $39.08 and its 200-day simple moving average is $37.44.

CareTrust REIT (NYSE:CTRE - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. CareTrust REIT had a return on equity of 8.98% and a net margin of 67.28%.The business had revenue of $134.86 million during the quarter. CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS. As a group, sell-side analysts forecast that CareTrust REIT, Inc. will post 1.98 EPS for the current fiscal year.

CareTrust REIT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.39 per share. The ex-dividend date was Tuesday, March 31st. This represents a $1.56 annualized dividend and a dividend yield of 4.0%. This is a positive change from CareTrust REIT's previous quarterly dividend of $0.34. CareTrust REIT's dividend payout ratio is presently 86.45%.

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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