Hsbc Holdings PLC Grows Stock Holdings in CareTrust REIT, Inc. $CTRE

Key Points

• HSBC increased its CareTrust REIT stake by 17.2% in the second quarter, holding 478,410 shares worth approximately $19.3 million. Institutional investors collectively own 87.77% of CTRE.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $44.55, above the reported trading price of $39.32.
• CareTrust REIT reported quarterly EPS of $0.51, matching estimates, and declared a $0.39-per-share quarterly dividend, equivalent to a 4.0% annualized yield.

Hsbc Holdings PLC lifted its holdings in CareTrust REIT, Inc. (NYSE:CTRE - Free Report) by 17.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 478,410 shares of the company's stock after acquiring an additional 70,243 shares during the period. Hsbc Holdings PLC owned approximately 0.20% of CareTrust REIT worth $19,334,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Beacon Pointe Advisors LLC purchased a new stake in CareTrust REIT during the 2nd quarter worth $11,951,000. United Capital Financial Advisors LLC purchased a new position in CareTrust REIT in the second quarter valued at about $257,000. Caitlin John LLC purchased a new position in CareTrust REIT in the second quarter valued at about $265,000. Public Employees Retirement System of Ohio acquired a new position in shares of CareTrust REIT during the second quarter worth about $10,265,000. Finally, Pure Financial Advisors LLC acquired a new position in shares of CareTrust REIT during the second quarter worth about $201,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Analysts Set New Price Targets

CTRE has been the subject of several analyst reports. Zacks Research raised CareTrust REIT from a "strong sell" rating to a "hold" rating in a research report on Monday, May 25th. Raymond James Financial assumed coverage on CareTrust REIT in a research report on Tuesday, June 16th. They set an "outperform" rating and a $43.00 price target on the stock. KeyCorp restated an "overweight" rating and issued a $46.00 price target on shares of CareTrust REIT in a report on Friday, May 29th. BMO Capital Markets increased their price objective on shares of CareTrust REIT from $46.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, June 15th. Finally, Wells Fargo & Company dropped their price objective on shares of CareTrust REIT from $47.00 to $44.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $44.55.

CareTrust REIT Trading Up 0.8%

NYSE CTRE opened at $39.32 on Wednesday. The company has a market capitalization of $9.29 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 1.53 and a beta of 0.76. 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, Inc. has a 12 month low of $32.79 and a 12 month high of $43.62. The company's fifty day moving average price is $40.68 and its two-hundred day moving average price is $39.75.

CareTrust REIT (NYSE:CTRE - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. CareTrust REIT had a net margin of 62.19% and a return on equity of 8.52%. The company had revenue of $161.35 million during the quarter. 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 2.05 earnings per share for the current fiscal year.

CareTrust REIT Dividend Announcement

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

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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