Wellington Management Group LLP Has $391.20 Million Holdings in CareTrust REIT, Inc. $CTRE

Key Points

• Wellington Management reduced its CareTrust REIT stake by 18% in the second quarter, selling 2.13 million shares and retaining 9.70 million shares worth approximately $391.2 million. Institutional investors collectively own 87.77% of CTRE.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $44.82, compared with the stock’s recent price of $39.02.
• CareTrust REIT reported quarterly EPS of $0.51 on $161.35 million in revenue and reaffirmed fiscal 2026 EPS guidance of $2.03–$2.06. Its quarterly dividend is $0.39 per share, representing a 4.0% annualized yield.

Wellington Management Group LLP reduced its position in CareTrust REIT, Inc. (NYSE:CTRE - Free Report) by 18.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,695,110 shares of the company's stock after selling 2,125,972 shares during the period. Wellington Management Group LLP owned about 4.10% of CareTrust REIT worth $391,198,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of CareTrust REIT by 7.5% in the fourth quarter. Principal Financial Group Inc. now owns 1,328,660 shares of the company's stock worth $48,044,000 after buying an additional 93,101 shares during the period. Greenland Capital Management LP acquired a new position in CareTrust REIT during the second quarter valued at $9,684,000. Jennison Associates LLC acquired a new position in CareTrust REIT during the fourth quarter valued at $1,156,000. M&T Bank Corp purchased a new stake in CareTrust REIT in the 4th quarter worth about $894,000. Finally, Vanguard Group Inc. lifted its stake in CareTrust REIT by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 33,184,181 shares of the company's stock worth $1,199,940,000 after acquiring an additional 210,965 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Analysts Set New Price Targets

CTRE has been the topic of several research analyst reports. BMO Capital Markets lifted their target price on CareTrust REIT from $46.00 to $47.00 and gave the company an "outperform" rating in a research note on Monday, June 15th. Mizuho set a $45.00 price target on shares of CareTrust REIT in a research report on Friday, May 22nd. Weiss Ratings cut shares of CareTrust REIT from a "buy (a-)" rating to a "buy (b+)" rating in a report on Friday, August 21st. Cantor Fitzgerald boosted their price objective on shares of CareTrust REIT from $42.00 to $43.00 and gave the company a "neutral" rating in a research report on Monday, August 10th. Finally, KeyCorp reiterated an "overweight" rating and issued a $46.00 price objective on shares of CareTrust REIT in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $44.82.

CareTrust REIT Stock Down 0.9%

CareTrust REIT stock opened at $39.02 on Friday. The company has a market capitalization of $9.22 billion, a P/E ratio of 24.54, a P/E/G ratio of 1.54 and a beta of 0.75. The firm's fifty day simple moving average is $40.71 and its 200-day simple moving average is $39.77. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.27. CareTrust REIT, Inc. has a 1-year low of $32.79 and a 1-year high of $43.62.

CareTrust REIT (NYSE:CTRE - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.51. The firm had revenue of $161.35 million during the quarter. CareTrust REIT had a net margin of 62.19% and a return on equity of 8.52%. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. Sell-side analysts forecast that CareTrust REIT, Inc. will post 2.05 earnings per share for the current fiscal year.

CareTrust REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 30th. CareTrust REIT's dividend payout ratio (DPR) is presently 98.11%.

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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