XTX Topco Ltd Takes Position in CareTrust REIT, Inc. (NASDAQ:CTRE)

XTX Topco Ltd bought a new position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,248 shares of the real estate investment trust's stock, valued at approximately $304,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Signaturefd LLC grew its holdings in shares of CareTrust REIT by 20.3% during the fourth quarter. Signaturefd LLC now owns 2,628 shares of the real estate investment trust's stock worth $71,000 after buying an additional 443 shares in the last quarter. WealthShield Partners LLC grew its holdings in shares of CareTrust REIT by 1.0% during the fourth quarter. WealthShield Partners LLC now owns 49,119 shares of the real estate investment trust's stock worth $1,343,000 after buying an additional 490 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of CareTrust REIT by 4.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,384 shares of the real estate investment trust's stock worth $308,000 after buying an additional 534 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of CareTrust REIT by 5.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,777 shares of the real estate investment trust's stock worth $319,000 after buying an additional 601 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in CareTrust REIT by 50.0% in the fourth quarter. Blue Trust Inc. now owns 1,808 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 603 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.

Analyst Upgrades and Downgrades

CTRE has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of CareTrust REIT from a "hold" rating to a "buy" rating and set a $31.00 target price for the company in a report on Thursday, March 13th. Royal Bank of Canada lowered their target price on shares of CareTrust REIT from $37.00 to $32.00 and set an "outperform" rating for the company in a report on Friday, February 21st. Wells Fargo & Company lowered their target price on shares of CareTrust REIT from $34.00 to $31.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Finally, Wedbush reiterated an "underperform" rating and set a $26.00 price objective on shares of CareTrust REIT in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $31.00.

CareTrust REIT Trading Up 1.7 %

Shares of CareTrust REIT stock traded up $0.49 during trading hours on Wednesday, hitting $29.28. The company's stock had a trading volume of 1,439,695 shares, compared to its average volume of 1,785,580. CareTrust REIT, Inc. has a 1-year low of $24.35 and a 1-year high of $33.15. The business has a fifty day moving average of $27.73 and a 200 day moving average of $28.20. The company has a market capitalization of $5.49 billion, a PE ratio of 37.06, a P/E/G ratio of 1.25 and a beta of 0.88. The company has a quick ratio of 3.82, a current ratio of 3.82 and a debt-to-equity ratio of 0.14.

CareTrust REIT (NASDAQ:CTRE - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.12). CareTrust REIT had a return on equity of 5.59% and a net margin of 42.22%. During the same quarter last year, the business posted $0.25 earnings per share. As a group, equities analysts forecast that CareTrust REIT, Inc. will post 1.71 EPS for the current year.

CareTrust REIT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.335 dividend. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from CareTrust REIT's previous quarterly dividend of $0.29. This represents a $1.34 annualized dividend and a dividend yield of 4.58%. CareTrust REIT's dividend payout ratio is 169.62%.

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.