Deutsche Bank AG Takes $143.96 Million Position in CareTrust REIT, Inc. $CTRE

Deutsche Bank AG purchased a new position in shares of CareTrust REIT, Inc. (NYSE:CTRE - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,567,847 shares of the company's stock, valued at approximately $143,963,000. Deutsche Bank AG owned about 1.51% of CareTrust REIT at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CTRE. Kemnay Advisory Services Inc. bought a new stake in shares of CareTrust REIT during the fourth quarter worth $27,000. Persistent Asset Partners Ltd acquired a new stake in shares of CareTrust REIT in the second quarter valued at $31,000. Transamerica Financial Advisors LLC raised its holdings in shares of CareTrust REIT by 520.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company's stock valued at $32,000 after buying an additional 728 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new position in CareTrust REIT during the 4th quarter worth about $40,000. Finally, EverSource Wealth Advisors LLC grew its holdings in CareTrust REIT by 134.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock worth $34,000 after acquiring an additional 644 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

CareTrust REIT Price Performance

Shares of CTRE stock opened at $39.81 on Thursday. The firm has a market cap of $9.41 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 1.55 and a beta of 0.75. CareTrust REIT, Inc. has a 12 month low of $32.79 and a 12 month high of $43.62. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average price of $40.32 and a 200 day moving average price of $39.68.

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

CareTrust REIT Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have weighed in on CTRE. Mizuho set a $45.00 target price on shares of CareTrust REIT in a research note on Friday, May 22nd. Weiss Ratings raised shares of CareTrust REIT from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Wednesday, August 5th. Citigroup reissued a "market outperform" rating on shares of CareTrust REIT in a report on Wednesday, June 10th. Cantor Fitzgerald boosted their price objective on shares of CareTrust REIT from $42.00 to $43.00 and gave the stock a "neutral" rating in a research report on Monday, August 10th. Finally, Raymond James Financial started coverage on CareTrust REIT in a report on Tuesday, June 16th. They set an "outperform" rating and a $43.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $44.82.

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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