Strs Ohio Trims Stock Position in CareTrust REIT, Inc. $CTRE

Key Points

• Strs Ohio reduced its stake in CareTrust REIT by 76.7%, selling 130,460 shares in Q4 and retaining 39,700 shares valued at $1.436 million.
• Institutional investors and hedge funds now own about 87.77% of CTRE, led by Vanguard (≈32.97M shares) and State Street (≈12.21M shares), with multiple funds increasing positions earlier in the year.
• Analysts have a consensus Buy rating with a $42.82 price target after recent initiations/upgrades, and CareTrust raised its quarterly dividend to $0.39 (annualized $1.56, ~3.9% yield) while guiding FY2026 EPS to 1.900–1.95.

Strs Ohio decreased its stake in CareTrust REIT, Inc. (NYSE:CTRE - Free Report) by 76.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,700 shares of the company's stock after selling 130,460 shares during the quarter. Strs Ohio's holdings in CareTrust REIT were worth $1,436,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in CareTrust REIT by 14.1% during the third quarter. Vanguard Group Inc. now owns 32,973,216 shares of the company's stock valued at $1,143,511,000 after acquiring an additional 4,067,975 shares in the last quarter. Hudson Bay Capital Management LP boosted its position in CareTrust REIT by 713.4% in the 3rd quarter. Hudson Bay Capital Management LP now owns 1,710,528 shares of the company's stock worth $59,321,000 after purchasing an additional 1,989,394 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in CareTrust REIT by 114.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,238,307 shares of the company's stock worth $112,305,000 after purchasing an additional 1,728,043 shares in the last quarter. State Street Corp grew its stake in shares of CareTrust REIT by 11.7% during the 3rd quarter. State Street Corp now owns 12,206,572 shares of the company's stock worth $427,336,000 after purchasing an additional 1,277,378 shares during the period. Finally, Zimmer Partners LP grew its stake in shares of CareTrust REIT by 140.8% during the 3rd quarter. Zimmer Partners LP now owns 1,588,130 shares of the company's stock worth $55,076,000 after purchasing an additional 928,688 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Mizuho initiated coverage on shares of CareTrust REIT in a research note on Thursday, April 2nd. They issued an "outperform" rating and a $42.00 target price for the company. Wells Fargo & Company raised their price target on shares of CareTrust REIT from $41.00 to $42.00 and gave the company an "overweight" rating in a research report on Thursday, March 26th. Weiss Ratings raised shares of CareTrust REIT from a "buy (b+)" rating to a "buy (a-)" rating in a report on Monday, January 26th. Citizens Jmp assumed coverage on shares of CareTrust REIT in a research report on Thursday, January 22nd. They issued a "market outperform" rating and a $44.00 price objective for the company. Finally, Citigroup assumed coverage on shares of CareTrust REIT in a research note on Thursday, January 22nd. They set a "market outperform" rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $42.82.

CareTrust REIT Stock Up 0.4%

CareTrust REIT stock opened at $39.50 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market capitalization of $8.82 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77. The business has a 50 day simple moving average of $38.99 and a 200-day simple moving average of $37.66. CareTrust REIT, Inc. has a 12 month low of $27.72 and a 12 month high of $41.72.

CareTrust REIT (NYSE:CTRE - Get Free Report) last announced its earnings results on Thursday, February 12th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.03. CareTrust REIT had a return on equity of 8.98% and a net margin of 67.28%.The firm had revenue of $134.86 million for the quarter. CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS. On average, analysts anticipate that CareTrust REIT, Inc. will post 1.98 EPS for the current fiscal year.

CareTrust REIT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This is a positive change from CareTrust REIT's previous quarterly dividend of $0.34. This represents a $1.56 annualized dividend and a yield of 3.9%. 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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