CareTrust REIT, Inc. (NASDAQ:CTRE) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) by 58.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,381 shares of the real estate investment trust's stock after selling 17,079 shares during the quarter. SG Americas Securities LLC's holdings in CareTrust REIT were worth $354,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in CareTrust REIT by 18.5% in the fourth quarter. Vanguard Group Inc. now owns 27,300,633 shares of the real estate investment trust's stock valued at $738,482,000 after purchasing an additional 4,263,097 shares during the period. FMR LLC increased its position in shares of CareTrust REIT by 51.8% during the fourth quarter. FMR LLC now owns 7,932,946 shares of the real estate investment trust's stock worth $214,586,000 after acquiring an additional 2,708,050 shares during the period. Geode Capital Management LLC increased its position in shares of CareTrust REIT by 23.8% during the fourth quarter. Geode Capital Management LLC now owns 4,620,274 shares of the real estate investment trust's stock worth $125,006,000 after acquiring an additional 887,665 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of CareTrust REIT by 24.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,891,679 shares of the real estate investment trust's stock worth $78,220,000 after acquiring an additional 568,634 shares during the period. Finally, Balyasny Asset Management L.P. increased its position in shares of CareTrust REIT by 149.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,708,664 shares of the real estate investment trust's stock worth $73,269,000 after acquiring an additional 1,623,297 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.

CareTrust REIT Stock Up 0.2%

Shares of CTRE stock traded up $0.06 on Friday, reaching $30.62. 3,202,466 shares of the stock were exchanged, compared to its average volume of 1,804,487. The company has a current ratio of 3.82, a quick ratio of 3.82 and a debt-to-equity ratio of 0.14. The business's 50 day moving average price is $29.03 and its 200 day moving average price is $27.80. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 38.75, a PEG ratio of 1.25 and a beta of 0.83. CareTrust REIT, Inc. has a twelve month low of $24.79 and a twelve month high of $33.15.

CareTrust REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.335 per share. The ex-dividend date is Monday, June 30th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 4.38%. CareTrust REIT's payout ratio is currently 145.65%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised CareTrust REIT from a "hold" rating to a "buy" rating and set a $31.00 price objective on the stock in a research report on Thursday, March 13th. Wedbush reaffirmed an "underperform" rating and set a $26.00 price objective on shares of CareTrust REIT in a research report on Friday, March 14th. Finally, Wells Fargo & Company upped their price objective on CareTrust REIT from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, CareTrust REIT presently has an average rating of "Moderate Buy" and an average price target of $31.17.

CareTrust REIT Company Profile

CareTrust REIT, Inc's (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas.