De Lisle Partners LLP Acquires Shares of 31,073 CareTrust REIT, Inc. $CTRE

De Lisle Partners LLP acquired a new position in shares of CareTrust REIT, Inc. (NYSE:CTRE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 31,073 shares of the company's stock, valued at approximately $1,254,000.

Several other large investors have also modified their holdings of CTRE. D.A. Davidson & CO. boosted its holdings in shares of CareTrust REIT by 0.7% in the fourth quarter. D.A. Davidson & CO. now owns 40,781 shares of the company's stock valued at $1,475,000 after acquiring an additional 282 shares in the last quarter. Swiss Life Asset Management Ltd increased its holdings in CareTrust REIT by 2.9% during the 4th quarter. Swiss Life Asset Management Ltd now owns 10,309 shares of the company's stock valued at $373,000 after acquiring an additional 291 shares in the last quarter. Kestra Private Wealth Services LLC lifted its stake in CareTrust REIT by 1.1% in the 1st 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. Tocqueville Asset Management L.P. boosted its stake in shares of CareTrust REIT by 2.8% during the third quarter. Tocqueville Asset Management L.P. now owns 10,900 shares of the company's stock valued at $378,000 after acquiring an additional 300 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of CareTrust REIT by 25.3% during the fourth quarter. UMB Bank n.a. now owns 1,525 shares of the company's stock worth $55,000 after buying an additional 308 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CTRE shares. Mizuho set a $45.00 price objective on shares of CareTrust REIT in a research note on Friday, May 22nd. BMO Capital Markets boosted their price objective on shares of CareTrust REIT from $46.00 to $47.00 and gave the stock an "outperform" rating in a research note on Monday, June 15th. Weiss Ratings cut CareTrust REIT from a "buy (a-)" rating to a "buy (b+)" rating in a report on Friday. Zacks Research upgraded CareTrust REIT from a "strong sell" rating to a "hold" rating in a research note on Monday, May 25th. Finally, Citigroup reissued a "market outperform" rating on shares of CareTrust REIT in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $44.82.

CareTrust REIT Stock Down 0.1%

Shares of CareTrust REIT stock opened at $39.71 on Friday. The company has a market capitalization of $9.38 billion, a P/E ratio of 24.97, a PEG ratio of 1.56 and a beta of 0.75. The business's fifty day moving average price is $40.44 and its two-hundred day moving average price is $39.70. CareTrust REIT, Inc. has a 1-year low of $32.79 and a 1-year high of $43.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.57 and a quick ratio of 0.57.

CareTrust REIT (NYSE:CTRE - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The firm 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 forecast that CareTrust REIT, Inc. will post 2.05 EPS for the current year.

CareTrust REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, June 30th. CareTrust REIT's payout ratio is presently 98.11%.

About CareTrust REIT

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.

Want to see what other hedge funds are holding CTRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CareTrust REIT, Inc. (NYSE:CTRE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source