Squarepoint Ops LLC Reduces Stake in CareTrust REIT, Inc. $CTRE

Key Points

• Squarepoint Ops LLC cut its CareTrust REIT stake by 93.5% in the second quarter, selling 210,165 shares and retaining 14,725 shares valued at approximately $594,000. Institutional investors collectively own 87.77% of CTRE.
• CareTrust REIT reported quarterly EPS of $0.51, matching analyst estimates, on revenue of $161.35 million. The company issued fiscal 2026 EPS guidance of $2.03–$2.06.
• CareTrust declared a quarterly dividend of $0.39 per share, equivalent to a 4.2% yield, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $44.50.

Squarepoint Ops LLC lessened its holdings in CareTrust REIT, Inc. (NYSE:CTRE - Free Report) by 93.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,725 shares of the company's stock after selling 210,165 shares during the quarter. Squarepoint Ops LLC's holdings in CareTrust REIT were worth $594,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Corient Private Wealth LP increased its stake in shares of CareTrust REIT by 76.2% in the second quarter. Corient Private Wealth LP now owns 166,828 shares of the company's stock worth $6,732,000 after acquiring an additional 72,137 shares during the period. Amundi lifted its position in CareTrust REIT by 1.0% during the second quarter. Amundi now owns 137,007 shares of the company's stock valued at $5,528,000 after purchasing an additional 1,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in CareTrust REIT during the second quarter valued at $8,231,000. Greenland Capital Management LP lifted its position in CareTrust REIT by 23.7% during the second quarter. Greenland Capital Management LP now owns 240,000 shares of the company's stock valued at $9,684,000 after purchasing an additional 46,000 shares during the period. Finally, Readystate Asset Management LP purchased a new stake in CareTrust REIT in the second quarter valued at $249,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

CareTrust REIT Trading Down 1.6%

Shares of CareTrust REIT stock opened at $37.56 on Friday. The firm has a 50-day simple moving average of $40.22 and a two-hundred day simple moving average of $39.64. The company has a market cap of $8.88 billion, a P/E ratio of 23.63, a price-to-earnings-growth ratio of 1.49 and a beta of 0.76. CareTrust REIT, Inc. has a fifty-two week low of $32.79 and a fifty-two week high of $43.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.57 and a current ratio of 0.57.

CareTrust REIT (NYSE:CTRE - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, meeting 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. As a group, equities analysts predict that CareTrust REIT, Inc. will post 2.04 earnings per share for the current fiscal year.

CareTrust REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 30th. CareTrust REIT's dividend payout ratio (DPR) is presently 98.11%.

Analysts Set New Price Targets

Several brokerages have weighed in on CTRE. KeyCorp reaffirmed an "overweight" rating on shares of CareTrust REIT in a research report on Wednesday. Weiss Ratings cut CareTrust REIT from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, September 8th. Royal Bank Of Canada downgraded CareTrust REIT from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from $44.00 to $43.00 in a research note on Friday, August 14th. Citigroup reaffirmed a "market outperform" rating on shares of CareTrust REIT in a report on Wednesday, June 10th. Finally, Cantor Fitzgerald lifted their price target on CareTrust REIT from $42.00 to $43.00 and gave the company a "neutral" rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, CareTrust REIT has a consensus rating of "Moderate Buy" and an average price target of $44.50.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that owns and manages a portfolio of healthcare-related properties across the United States. The company primarily invests in properties that are leased to healthcare operators under long-term, typically triple-net lease agreements.

CareTrust's portfolio includes skilled nursing facilities, assisted living facilities, independent living communities, memory care properties and other healthcare-related real estate. Its tenants are responsible for operating the facilities and generally cover property-level expenses such as taxes, insurance and maintenance under the terms of the leases.

CareTrust was established in 2014 through a separation from The Ensign Group, a healthcare services company.

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