Quantbot Technologies LP Makes New $3.47 Million Investment in CareTrust REIT, Inc. $CTRE

Quantbot Technologies LP purchased a new position in shares of CareTrust REIT, Inc. (NYSE:CTRE) during the second quarter, Holdings Channel reports. The institutional investor purchased 86,027 shares of the company’s stock, valued at approximately $3,471,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in CTRE. Kemnay Advisory Services Inc. purchased a new position in CareTrust REIT during the 4th quarter valued at about $27,000. Persistent Asset Partners Ltd purchased a new stake in shares of CareTrust REIT in the 2nd quarter worth approximately $31,000. Transamerica Financial Advisors LLC boosted its stake in shares of CareTrust REIT by 520.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock valued at $32,000 after purchasing an additional 728 shares in the last quarter. Mcguire Capital Advisors Inc. purchased a new position in CareTrust REIT during the fourth quarter valued at approximately $40,000. Finally, EverSource Wealth Advisors LLC increased its holdings in CareTrust REIT by 134.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock valued at $34,000 after buying an additional 644 shares during the period. 87.77% of the stock is currently owned by institutional investors.

CareTrust REIT Stock Up 0.3%

Shares of CTRE stock opened at $39.71 on Monday. The stock’s 50-day simple moving average is $40.44 and its 200-day simple moving average is $39.72. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market capitalization of $9.38 billion, a PE ratio of 24.97, a P/E/G ratio of 1.56 and a beta of 0.75. CareTrust REIT, Inc. has a fifty-two week low of $32.79 and a fifty-two week high of $43.62.

CareTrust REIT (NYSE:CTRE) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.51 earnings per share (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 firm had revenue of $161.35 million during the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. Equities analysts expect that CareTrust REIT, Inc. will post 2.05 earnings per share for the current year.

CareTrust REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders 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 dividend on an annualized basis and a yield of 3.9%. CareTrust REIT’s dividend payout ratio (DPR) is currently 98.11%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada cut shares of CareTrust REIT from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $44.00 to $43.00 in a research report on Friday, August 14th. Wells Fargo & Company raised their price objective on CareTrust REIT from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Cantor Fitzgerald upped their target price on CareTrust REIT from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Zacks Research raised CareTrust REIT from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, KeyCorp restated an “overweight” rating and set a $46.00 price target on shares of CareTrust REIT in a research note on Friday, May 29th. One investment 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $44.82.

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.