XTX Topco Ltd Purchases 23,036 Shares of CareTrust REIT, Inc. (NASDAQ:CTRE)

Key Points

• XTX Topco Ltd increased its stake in CareTrust REIT by 204.8% during the first quarter, acquiring an additional 23,036 shares for a total holding of 34,284 shares valued at $980,000.
• CareTrust REIT recently announced a quarterly dividend of $0.335 per share, resulting in an annualized dividend of $1.34 and a yield of 4.2%.
• The stock has an average rating of "Moderate Buy" with a consensus target price of $31.17, according to recent analyst assessments.

XTX Topco Ltd boosted its position in CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) by 204.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,284 shares of the real estate investment trust's stock after buying an additional 23,036 shares during the quarter. XTX Topco Ltd's holdings in CareTrust REIT were worth $980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in CTRE. LPL Financial LLC increased its holdings in CareTrust REIT by 13.4% in the 4th quarter. LPL Financial LLC now owns 93,422 shares of the real estate investment trust's stock worth $2,527,000 after acquiring an additional 11,008 shares during the last quarter. Norges Bank bought a new position in CareTrust REIT during the fourth quarter worth about $33,180,000. Pictet Asset Management Holding SA boosted its position in CareTrust REIT by 27.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 59,101 shares of the real estate investment trust's stock worth $1,599,000 after purchasing an additional 12,769 shares during the period. Schroder Investment Management Group purchased a new position in shares of CareTrust REIT in the fourth quarter worth about $657,000. Finally, O Shaughnessy Asset Management LLC raised its position in shares of CareTrust REIT by 5.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,777 shares of the real estate investment trust's stock valued at $319,000 after purchasing an additional 601 shares during the period. 87.77% of the stock is currently owned by institutional investors.

CareTrust REIT Trading Up 0.7%

Shares of CTRE opened at $32.01 on Friday. CareTrust REIT, Inc. has a twelve month low of $24.79 and a twelve month high of $33.15. The stock has a market cap of $6.14 billion, a PE ratio of 40.52, a P/E/G ratio of 1.25 and a beta of 0.84. The company has a quick ratio of 3.82, a current ratio of 3.82 and a debt-to-equity ratio of 0.14. The business's 50-day moving average price is $30.13 and its 200-day moving average price is $28.46.

CareTrust REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.335 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.34 annualized dividend and a yield of 4.2%. CareTrust REIT's dividend payout ratio is currently 145.65%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised their price objective on shares of CareTrust REIT from $31.00 to $32.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, CareTrust REIT has an average rating of "Moderate Buy" and a consensus target price of $31.17.

CareTrust REIT Company Profile

CareTrust REIT, Inc's (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas.

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