one8zero8 LLC Acquires Shares of 190,500 CareTrust REIT, Inc. $CTRE

Key Points

• one8zero8 LLC acquired 190,500 shares of CareTrust REIT valued at approximately $7.7 million, making up 1.5% of its portfolio. Institutional investors collectively own 87.77% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $44.82, compared with the stock’s opening price of $39.81.
• CareTrust REIT reported quarterly adjusted earnings of $0.51 per share on $161.35 million in revenue and declared a $0.39 quarterly dividend, equal to a 3.9% annualized yield.

one8zero8 LLC bought a new stake in CareTrust REIT, Inc. (NYSE:CTRE - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 190,500 shares of the company's stock, valued at approximately $7,687,000. CareTrust REIT accounts for about 1.5% of one8zero8 LLC's portfolio, making the stock its 13th biggest position. one8zero8 LLC owned about 0.08% of CareTrust REIT at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in CareTrust REIT in the 2nd quarter worth about $1,643,290,000. Deutsche Bank AG purchased a new position in shares of CareTrust REIT during the second quarter valued at approximately $143,963,000. T. Rowe Price Investment Management Inc. boosted its position in shares of CareTrust REIT by 108.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,493,898 shares of the company's stock valued at $234,820,000 after buying an additional 3,379,732 shares during the period. Norges Bank bought a new position in shares of CareTrust REIT during the fourth quarter valued at approximately $114,810,000. Finally, Bank of New York Mellon Corp bought a new position in shares of CareTrust REIT during the second quarter valued at approximately $102,162,000. Institutional investors own 87.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company raised their price target on CareTrust REIT from $42.00 to $47.00 and gave the stock an "overweight" rating in a research note on Monday, June 1st. BMO Capital Markets lifted their target price on CareTrust REIT from $46.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, June 15th. Zacks Research raised shares of CareTrust REIT from a "strong sell" rating to a "hold" rating in a research note on Monday, May 25th. KeyCorp restated an "overweight" rating and issued a $46.00 price target on shares of CareTrust REIT in a report on Friday, May 29th. Finally, Royal Bank Of Canada downgraded shares of CareTrust REIT from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $44.00 to $43.00 in a research note on Friday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $44.82.

CareTrust REIT Stock Performance

Shares of CareTrust REIT stock opened at $39.81 on Thursday. The firm has a market cap of $9.41 billion, a P/E ratio of 25.04, a P/E/G ratio of 1.55 and a beta of 0.75. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.27. CareTrust REIT, Inc. has a 12 month low of $32.79 and a 12 month high of $43.62. The stock's fifty day moving average price is $40.32 and its 200-day moving average price is $39.68.

CareTrust REIT (NYSE:CTRE - Get Free Report) last released its quarterly earnings data 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 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. On average, equities research analysts expect that CareTrust REIT, Inc. will post 2.05 earnings per share for the current fiscal year.

CareTrust REIT Announces Dividend

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