CareTrust REIT, Inc. (NASDAQ:CTRE) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its stake in CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) by 48.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,367 shares of the real estate investment trust's stock after selling 35,651 shares during the period. Jane Street Group LLC's holdings in CareTrust REIT were worth $1,038,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Advantage Trust Co acquired a new stake in CareTrust REIT in the fourth quarter valued at $30,000. Blue Trust Inc. raised its holdings in CareTrust REIT by 50.0% in the fourth quarter. Blue Trust Inc. now owns 1,808 shares of the real estate investment trust's stock valued at $49,000 after acquiring an additional 603 shares in the last quarter. Quarry LP raised its holdings in shares of CareTrust REIT by 463.5% during the fourth quarter. Quarry LP now owns 1,854 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 1,525 shares during the period. Signaturefd LLC raised its holdings in shares of CareTrust REIT by 20.3% during the fourth quarter. Signaturefd LLC now owns 2,628 shares of the real estate investment trust's stock worth $71,000 after purchasing an additional 443 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of CareTrust REIT by 56.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,032 shares of the real estate investment trust's stock worth $135,000 after purchasing an additional 1,806 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

CareTrust REIT Stock Down 2.7%

CTRE stock opened at $28.80 on Thursday. 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 fifty-two week low of $24.35 and a fifty-two week high of $33.15. The firm's 50-day simple moving average is $28.51 and its 200 day simple moving average is $27.96. The stock has a market cap of $5.52 billion, a PE ratio of 36.46, a price-to-earnings-growth ratio of 1.25 and a beta of 0.88.

CareTrust REIT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date was Monday, March 31st. This is a boost from CareTrust REIT's previous quarterly dividend of $0.29. CareTrust REIT's dividend payout ratio (DPR) is 145.65%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CTRE shares. Wells Fargo & Company dropped their target price on shares of CareTrust REIT from $34.00 to $31.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. Wedbush reissued an "underperform" rating and set a $26.00 target price on shares of CareTrust REIT in a report on Friday, March 14th. Deutsche Bank Aktiengesellschaft raised shares of CareTrust REIT from a "hold" rating to a "buy" rating and set a $31.00 target price on the stock in a report on Thursday, March 13th. Finally, Royal Bank of Canada dropped their target price on shares of CareTrust REIT from $37.00 to $32.00 and set an "outperform" rating on the stock in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $31.00.

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.

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