Freestone Grove Partners LP Invests $1.58 Million in CareTrust REIT, Inc. $CTRE

Key Points

• Freestone Grove Partners purchased 39,113 CareTrust REIT shares worth approximately $1.58 million, while institutional investors collectively own 87.77% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $44.82, above the reported share price of $39.02.
• CareTrust REIT reported quarterly EPS of $0.51 in line with estimates and pays a quarterly dividend of $0.39, equivalent to a 4.0% annualized yield.

Freestone Grove Partners LP purchased a new position in CareTrust REIT, Inc. (NYSE:CTRE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 39,113 shares of the company's stock, valued at approximately $1,578,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CTRE. Kemnay Advisory Services Inc. bought a new position in CareTrust REIT in the 4th quarter worth about $27,000. Persistent Asset Partners Ltd bought a new position in CareTrust REIT in the second quarter worth approximately $31,000. Transamerica Financial Advisors LLC increased its holdings in CareTrust REIT by 520.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company's stock worth $32,000 after purchasing an additional 728 shares during the period. Compass Financial Management LLC purchased a new position in CareTrust REIT during the 2nd quarter worth $34,000. Finally, EverSource Wealth Advisors LLC raised its position 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 in the last quarter. Institutional investors own 87.77% of the company's stock.

Wall Street Analysts Forecast Growth

CTRE has been the topic of several research reports. Zacks Research upgraded CareTrust REIT from a "strong sell" rating to a "hold" rating in a research note on Monday, May 25th. Wells Fargo & Company raised their target price on shares of CareTrust REIT from $42.00 to $47.00 and gave the company an "overweight" rating in a research report on Monday, June 1st. BMO Capital Markets upped their price target on shares of CareTrust REIT from $46.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, June 15th. Citigroup reiterated a "market outperform" rating on shares of CareTrust REIT in a research note on Wednesday, June 10th. Finally, 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 note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $44.82.

CareTrust REIT Price Performance

Shares of CTRE stock opened at $39.02 on Friday. The stock's 50-day moving average is $40.71 and its 200 day moving average is $39.77. 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. The company has a market cap of $9.22 billion, a P/E ratio of 24.54, a PEG ratio of 1.54 and a beta of 0.75.

CareTrust REIT (NYSE:CTRE - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, hitting analysts' consensus estimates of $0.51. CareTrust REIT had a net margin of 62.19% and a return on equity of 8.52%. The business had revenue of $161.35 million during the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. Research analysts predict that CareTrust REIT, Inc. will post 2.05 earnings per share for the current fiscal year.

CareTrust REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, June 30th. CareTrust REIT's dividend payout ratio (DPR) is 98.11%.

CareTrust REIT Company 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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