Vanguard Group Inc. Boosts Holdings in CareTrust REIT, Inc. $CTRE

Key Points

• Vanguard Group increased its Q4 stake in CareTrust REIT by 0.6% to 33,184,181 shares, holding 14.86% of the company worth about $1.20 billion.
• CareTrust raised its quarterly dividend to $0.39 (annualized $1.56) for a 4.0% yield, up from $0.34, with a payout ratio of 86.45%.
• Earnings and outlook: the REIT beat Q results with $0.50 EPS vs. $0.47 expected on $134.9M revenue, set FY2026 guidance of $1.90–$1.95 EPS, and carries an average analyst "Buy" rating with a $42.82 target.

Vanguard Group Inc. grew its holdings in CareTrust REIT, Inc. (NYSE:CTRE - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,184,181 shares of the company's stock after acquiring an additional 210,965 shares during the quarter. Vanguard Group Inc. owned 14.86% of CareTrust REIT worth $1,199,940,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CTRE. Hudson Bay Capital Management LP boosted its position in CareTrust REIT by 713.4% in the third quarter. Hudson Bay Capital Management LP now owns 1,710,528 shares of the company's stock valued at $59,321,000 after buying an additional 1,989,394 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of CareTrust REIT by 114.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,238,307 shares of the company's stock worth $112,305,000 after acquiring an additional 1,728,043 shares in the last quarter. State Street Corp lifted its stake in CareTrust REIT by 11.7% during the third 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 last quarter. Zimmer Partners LP increased its stake in CareTrust REIT by 140.8% during the third quarter. Zimmer Partners LP now owns 1,588,130 shares of the company's stock valued at $55,076,000 after purchasing an additional 928,688 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of CareTrust REIT by 737.0% in the 4th quarter. SG Americas Securities LLC now owns 865,129 shares of the company's stock worth $31,283,000 after buying an additional 761,769 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

CareTrust REIT Trading Down 0.6%

CareTrust REIT stock opened at $39.20 on Friday. CareTrust REIT, Inc. has a 52 week low of $27.27 and a 52 week high of $41.72. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a market capitalization of $8.75 billion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 2.64 and a beta of 0.77. The company has a 50 day moving average price of $39.02 and a 200 day moving average price of $37.51.

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

CareTrust REIT Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. BMO Capital Markets raised CareTrust REIT from a "hold" rating to an "outperform" rating and set a $43.00 target price for the company in a report on Friday, January 9th. The Goldman Sachs Group set a $44.00 price target on shares of CareTrust REIT in a research report on Thursday, January 22nd. Cantor Fitzgerald increased their price objective 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. UBS Group lifted their price objective on shares of CareTrust REIT from $44.00 to $48.00 and gave the company a "buy" rating in a research report on Wednesday, February 18th. Finally, Weiss Ratings upgraded shares of CareTrust REIT from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Monday, January 26th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $42.82.

CareTrust REIT Company Profile

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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