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

SG Americas Securities LLC reduced its position in CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) by 58.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other institutional investors also recently bought and sold shares of CTRE. Hennion & Walsh Asset Management Inc. boosted its position in CareTrust REIT by 194.2% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 41,606 shares of the real estate investment trust's stock valued at $1,189,000 after buying an additional 27,466 shares during the period. Milestone Asset Management LLC raised its stake in shares of CareTrust REIT by 9.2% in the first quarter. Milestone Asset Management LLC now owns 34,860 shares of the real estate investment trust's stock valued at $996,000 after acquiring an additional 2,950 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of CareTrust REIT by 2,116.7% in the first quarter. GAMMA Investing LLC now owns 89,398 shares of the real estate investment trust's stock valued at $2,555,000 after acquiring an additional 85,365 shares in the last quarter. Moody National Bank Trust Division boosted its holdings in CareTrust REIT by 12.9% in the first quarter. Moody National Bank Trust Division now owns 25,935 shares of the real estate investment trust's stock valued at $741,000 after purchasing an additional 2,965 shares during the period. Finally, California State Teachers Retirement System grew its stake in CareTrust REIT by 9.0% during the 4th quarter. California State Teachers Retirement System now owns 146,482 shares of the real estate investment trust's stock worth $3,962,000 after purchasing an additional 12,061 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CTRE has been the topic of a number of analyst reports. Wells Fargo & Company increased their price target on CareTrust REIT from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of CareTrust REIT from a "hold" rating to a "buy" rating and set a $31.00 target price on the stock in a research note on Thursday, March 13th. Finally, Wedbush reiterated an "underperform" rating and issued a $26.00 price target on shares of CareTrust REIT in a research note on Friday, March 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $31.17.

CareTrust REIT Stock Down 0.0%

CareTrust REIT stock traded down $0.01 during midday trading on Friday, reaching $30.55. The company's stock had a trading volume of 150,236 shares, compared to its average volume of 1,808,678. The company has a market cap of $5.86 billion, a P/E ratio of 38.68, a P/E/G ratio of 1.25 and a beta of 0.83. The company has a quick ratio of 3.82, a current ratio of 3.82 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $28.99 and a 200-day simple moving average of $27.80. CareTrust REIT, Inc. has a fifty-two week low of $24.57 and a fifty-two week high of $33.15.

CareTrust REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.335 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 4.39%. CareTrust REIT's payout ratio is currently 145.65%.

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.