WealthShield Partners LLC Acquires Shares of 46,771 CareTrust REIT, Inc. $CTRE

Key Points

• WealthShield Partners acquired 46,771 CareTrust REIT shares valued at approximately $1.9 million during the second quarter. Institutional investors collectively own 87.77% of CTRE.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $44.82, versus the stock’s recent price of $39.71.
• CareTrust REIT met quarterly earnings expectations with EPS of $0.51 and revenue of $161.35 million, while its quarterly dividend of $0.39 per share represents a 3.9% annualized yield.

WealthShield Partners LLC acquired a new stake in shares of CareTrust REIT, Inc. (NYSE:CTRE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 46,771 shares of the company's stock, valued at approximately $1,905,000.

Several other hedge funds have also recently modified their holdings of CTRE. Kemnay Advisory Services Inc. bought a new position in shares of CareTrust REIT during the fourth quarter worth $27,000. Persistent Asset Partners Ltd bought a new stake in CareTrust REIT in the 2nd quarter valued at $31,000. Transamerica Financial Advisors LLC increased its holdings in CareTrust REIT by 520.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company's stock valued at $32,000 after acquiring an additional 728 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new stake in CareTrust REIT in the 4th quarter worth $40,000. Finally, EverSource Wealth Advisors LLC lifted its stake in 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 purchasing an additional 644 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CTRE. Raymond James Financial began coverage on CareTrust REIT in a research report on Tuesday, June 16th. They set an "outperform" rating and a $43.00 price objective for the company. BMO Capital Markets boosted their target price on CareTrust REIT from $46.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, June 15th. Royal Bank Of Canada cut CareTrust REIT from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $44.00 to $43.00 in a report on Friday, August 14th. Weiss Ratings downgraded CareTrust REIT from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Friday. Finally, Mizuho set a $45.00 price objective on CareTrust REIT in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, CareTrust REIT presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.82.

CareTrust REIT Stock Down 0.1%

Shares of NYSE CTRE opened at $39.71 on Friday. The firm's 50-day moving average price is $40.44 and its 200-day moving average price is $39.70. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 1.56 and a beta of 0.75. CareTrust REIT, Inc. has a 12-month low of $32.79 and a 12-month high of $43.62.

CareTrust REIT (NYSE:CTRE - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. CareTrust REIT had a return on equity of 8.52% and a net margin of 62.19%.The company had revenue of $161.35 million during the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. On average, equities research analysts anticipate that CareTrust REIT, Inc. will post 2.05 EPS for the current fiscal year.

CareTrust REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.56 annualized dividend and a dividend yield of 3.9%. CareTrust REIT's payout ratio is currently 98.11%.

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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