State of Alaska Department of Revenue Boosts Holdings in CareTrust REIT, Inc. $CTRE

Key Points

• State of Alaska Department of Revenue increased its stake in CareTrust REIT by 14.3% to 244,811 shares (about $8.85M), and hedge funds/institutional investors now own roughly 87.77% of the stock.
• CareTrust raised its quarterly dividend to $0.39 (from $0.34), equivalent to a $1.56 annualized payout and about a 4.0% yield with a payout ratio of 86.45%.
• Analysts are broadly positive with a consensus Buy rating and a $42.82 average price target (UBS raised its target to $48); the company also beat Q4 EPS estimates ($0.50 vs. $0.47) and set FY2026 guidance of $1.90–$1.95 EPS.

State of Alaska Department of Revenue boosted its position in CareTrust REIT, Inc. (NYSE:CTRE - Free Report) by 14.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,811 shares of the company's stock after purchasing an additional 30,619 shares during the quarter. State of Alaska Department of Revenue owned about 0.11% of CareTrust REIT worth $8,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CTRE. EverSource Wealth Advisors LLC increased its holdings in shares of CareTrust REIT by 134.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock worth $34,000 after buying an additional 644 shares during the last quarter. Heritage Wealth Advisors increased its holdings in shares of CareTrust REIT by 42.9% in the 3rd quarter. Heritage Wealth Advisors now owns 1,000 shares of the company's stock worth $35,000 after buying an additional 300 shares during the last quarter. Allworth Financial LP increased its holdings in shares of CareTrust REIT by 114.0% in the 3rd quarter. Allworth Financial LP now owns 1,042 shares of the company's stock worth $36,000 after buying an additional 555 shares during the last quarter. Groesbeck Investment Management Corp NJ bought a new position in shares of CareTrust REIT in the 4th quarter worth $43,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of CareTrust REIT by 75.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,492 shares of the company's stock worth $52,000 after buying an additional 640 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CTRE has been the topic of a number of research analyst reports. Citizens Jmp initiated coverage on shares of CareTrust REIT in a report on Thursday, January 22nd. They issued a "market outperform" rating and a $44.00 price target on the stock. Cantor Fitzgerald increased their price target on shares of CareTrust REIT from $37.00 to $42.00 and gave the stock a "neutral" rating in a report on Tuesday, February 17th. Mizuho initiated coverage on shares of CareTrust REIT in a report on Thursday, April 2nd. They issued an "outperform" rating and a $42.00 price target on the stock. Wells Fargo & Company increased their price target on shares of CareTrust REIT from $41.00 to $42.00 and gave the stock an "overweight" rating in a report on Thursday, March 26th. Finally, UBS Group increased their price target on shares of CareTrust REIT from $44.00 to $48.00 and gave the stock a "buy" rating in a report on Wednesday, February 18th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $42.82.

CareTrust REIT Price Performance

CTRE stock opened at $38.81 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.73 and a current ratio of 1.73. CareTrust REIT, Inc. has a 52 week low of $27.27 and a 52 week high of $41.72. The firm's fifty day moving average is $39.07 and its 200 day moving average is $37.15. The firm has a market cap of $8.66 billion, a P/E ratio of 25.04, a P/E/G ratio of 2.66 and a beta of 0.77.

CareTrust REIT (NYSE:CTRE - Get Free Report) last released its earnings results on Thursday, February 12th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. CareTrust REIT had a net margin of 67.28% and a return on equity of 8.98%. The company had revenue of $134.86 million for the quarter. CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS.

CareTrust REIT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.56 annualized dividend and a dividend yield of 4.0%. This is an increase from CareTrust REIT's previous quarterly dividend of $0.34. CareTrust REIT's payout ratio is 86.45%.

About CareTrust REIT

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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