New Mexico Educational Retirement Board Buys New Holdings in CareTrust REIT, Inc. $CTRE

Key Points

• New Mexico Educational Retirement Board purchased 47,700 CareTrust REIT shares worth approximately $1.93 million in the second quarter. Institutional investors own 87.77% of the company, with several other firms also increasing their positions.
• CareTrust REIT reported quarterly EPS of $0.51, in line with analyst estimates, on revenue of $161.35 million. The company reaffirmed fiscal 2026 EPS guidance of $2.03–$2.06.
• The REIT pays a quarterly dividend of $0.39, or $1.56 annually, representing a 4.0% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $44.82, compared with a recent share price of $39.02.

New Mexico Educational Retirement Board purchased a new position in shares of CareTrust REIT, Inc. (NYSE:CTRE - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 47,700 shares of the company's stock, valued at approximately $1,925,000.

Other large investors have also bought and sold shares of the company. Royal Bank of Canada boosted its stake in shares of CareTrust REIT by 36.4% during the first quarter. Royal Bank of Canada now owns 179,501 shares of the company's stock valued at $5,129,000 after purchasing an additional 47,936 shares during the period. NewEdge Advisors LLC increased its stake in shares of CareTrust REIT by 11.3% in the first quarter. NewEdge Advisors LLC now owns 33,628 shares of the company's stock worth $961,000 after buying an additional 3,408 shares during the period. EverSource Wealth Advisors LLC raised 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 valued at $34,000 after buying an additional 644 shares during the last quarter. First Trust Advisors LP raised its holdings in CareTrust REIT by 67.6% during the 2nd quarter. First Trust Advisors LP now owns 245,154 shares of the company's stock valued at $7,502,000 after buying an additional 98,850 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in CareTrust REIT by 310.1% during the 2nd quarter. Cerity Partners LLC now owns 36,640 shares of the company's stock valued at $1,121,000 after buying an additional 27,706 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

CareTrust REIT Stock Performance

Shares of CTRE opened at $39.02 on Monday. The company has a 50-day simple moving average of $40.71 and a two-hundred day simple moving average of $39.78. 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 firm has a market capitalization of $9.22 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 1.54 and a beta of 0.75. CareTrust REIT, Inc. has a one year low of $32.79 and a one year high of $43.62.

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

CareTrust REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors 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 of this dividend was Tuesday, June 30th. CareTrust REIT's dividend payout ratio is presently 98.11%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Raymond James Financial began coverage on shares of CareTrust REIT in a report on Tuesday, June 16th. They set an "outperform" rating and a $43.00 target price for the company. Citigroup reiterated a "market outperform" rating on shares of CareTrust REIT in a report on Wednesday, June 10th. Mizuho set a $45.00 price objective on CareTrust REIT in a research report on Friday, May 22nd. Royal Bank Of Canada cut CareTrust REIT from an "outperform" rating to a "sector perform" rating and reduced their target price for the company from $44.00 to $43.00 in a research note on Friday, August 14th. Finally, Cantor Fitzgerald raised their price target on CareTrust REIT from $42.00 to $43.00 and gave the stock a "neutral" rating in a research note on Monday, August 10th. One equities research 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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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