CareTrust REIT, Inc. $CTRE Shares Acquired by GRS Advisors LLC

GRS Advisors LLC increased its holdings in shares of CareTrust REIT, Inc. (NYSE:CTRE) by 79.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,550,583 shares of the company’s stock after buying an additional 684,708 shares during the quarter. CareTrust REIT accounts for approximately 5.0% of GRS Advisors LLC’s holdings, making the stock its 8th biggest position. GRS Advisors LLC owned approximately 0.69% of CareTrust REIT worth $53,774,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its position in CareTrust REIT by 134.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock worth $34,000 after acquiring an additional 644 shares during the period. Heritage Wealth Advisors increased its holdings in shares of CareTrust REIT by 42.9% in the 3rd quarter. Heritage Wealth Advisors now owns 1,000 shares of the company’s stock valued at $35,000 after purchasing an additional 300 shares during the period. Farther Finance Advisors LLC lifted its position in shares of CareTrust REIT by 75.1% in the third quarter. Farther Finance Advisors LLC now owns 1,492 shares of the company’s stock worth $52,000 after purchasing an additional 640 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of CareTrust REIT in the third quarter worth approximately $54,000. Finally, State of Wyoming acquired a new stake in shares of CareTrust REIT during the third quarter worth approximately $65,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CTRE shares. The Goldman Sachs Group set a $44.00 price objective on shares of CareTrust REIT in a research report on Thursday, January 22nd. BMO Capital Markets upgraded shares of CareTrust REIT from a “hold” rating to an “outperform” rating and set a $43.00 target price for the company in a research report on Friday, January 9th. Wells Fargo & Company lifted their target price on shares of CareTrust REIT from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. Citigroup began coverage on shares of CareTrust REIT in a report on Thursday, January 22nd. They set a “market outperform” rating on the stock. Finally, UBS Group upped their price target on shares of CareTrust REIT from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $42.80.

CareTrust REIT Price Performance

Shares of CTRE opened at $40.01 on Friday. 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 cap of $8.93 billion, a PE ratio of 25.81, a PEG ratio of 2.72 and a beta of 0.74. The firm’s 50 day moving average price is $38.58 and its 200 day moving average price is $36.54. CareTrust REIT, Inc. has a twelve month low of $25.82 and a twelve month high of $41.72.

CareTrust REIT (NYSE:CTRE) last posted its earnings results on Thursday, February 12th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. The company had revenue of $134.86 million during 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.

CareTrust REIT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.9%. This is a positive change from CareTrust REIT’s previous quarterly dividend of $0.34. CareTrust REIT’s payout ratio is currently 86.45%.

CareTrust REIT 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.