CareTrust REIT, Inc. $CTRE Shares Acquired by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP increased its CareTrust REIT stake by 76.2% in the second quarter, acquiring 72,137 additional shares for a total holding of 166,828 shares worth approximately $6.7 million. Institutional investors collectively own 87.77% of CTRE.
• CareTrust REIT reported quarterly EPS of $0.51, matching analyst estimates, on revenue of $161.35 million. Management guided to fiscal 2026 EPS of $2.03–$2.06.
• The company declared a quarterly dividend of $0.39 per share, equal to $1.56 annually and a 4.1% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $44.50, compared with a recent share price of $38.16.

Corient Private Wealth LP boosted its position in CareTrust REIT, Inc. (NYSE:CTRE - Free Report) by 76.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 166,828 shares of the company's stock after purchasing an additional 72,137 shares during the period. Corient Private Wealth LP owned about 0.07% of CareTrust REIT worth $6,732,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC boosted its stake in shares of CareTrust REIT by 1.1% in the first quarter. Kestra Private Wealth Services LLC now owns 27,684 shares of the company's stock valued at $1,015,000 after buying an additional 297 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in CareTrust REIT by 1.0% during the first quarter. IFM Investors Pty Ltd now owns 36,608 shares of the company's stock worth $1,342,000 after acquiring an additional 345 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in CareTrust REIT by 1.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 21,597 shares of the company's stock worth $781,000 after acquiring an additional 380 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in CareTrust REIT by 2.4% in the second quarter. Concurrent Investment Advisors LLC now owns 22,386 shares of the company's stock worth $903,000 after acquiring an additional 529 shares in the last quarter. Finally, MBM Wealth Consultants LLC lifted its holdings in CareTrust REIT by 3.6% in the first quarter. MBM Wealth Consultants LLC now owns 16,048 shares of the company's stock valued at $588,000 after acquiring an additional 557 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.

CareTrust REIT Stock Performance

Shares of CTRE opened at $38.16 on Friday. CareTrust REIT, Inc. has a 12-month low of $32.79 and a 12-month high of $43.62. The stock has a market cap of $9.02 billion, a P/E ratio of 24.00, a PEG ratio of 1.50 and a beta of 0.76. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $40.27 and a two-hundred day moving average of $39.65.

CareTrust REIT (NYSE:CTRE - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $161.35 million for 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. As a group, research analysts predict that CareTrust REIT, Inc. will post 2.04 EPS for the current fiscal year.

CareTrust REIT Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on CTRE. Weiss Ratings lowered shares of CareTrust REIT from a "buy (b+)" rating to a "buy (b)" rating in a research report on Tuesday, September 8th. Royal Bank Of Canada cut shares of CareTrust REIT from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $44.00 to $43.00 in a research note on Friday, August 14th. KeyCorp reiterated an "overweight" rating on shares of CareTrust REIT in a research note on Wednesday. Mizuho set a $45.00 price objective on shares of CareTrust REIT in a report on Friday, May 22nd. Finally, Huntington began coverage on shares of CareTrust REIT in a research report on Thursday, September 10th. They set an "outperform" rating and a $44.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.

CareTrust REIT Company 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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