CareTrust REIT Target of Unusually Large Options Trading (NYSE:CTRE)

CareTrust REIT, Inc. (NYSE:CTRE) was the recipient of some unusual options trading activity on Tuesday. Traders bought 3,705 call options on the company. This represents an increase of 3,238% compared to the typical daily volume of 111 call options.

Institutional Investors Weigh In On CareTrust REIT

Several institutional investors and hedge funds have recently made changes to their positions in the company. Tidal Investments LLC raised its stake in CareTrust REIT by 365.9% during the 2nd quarter. Tidal Investments LLC now owns 85,678 shares of the company’s stock worth $3,457,000 after buying an additional 67,290 shares during the period. WINTON GROUP Ltd bought a new stake in shares of CareTrust REIT in the second quarter valued at approximately $751,000. Engineers Gate Manager LP purchased a new position in shares of CareTrust REIT during the second quarter worth about $246,000. Integrated Wealth Concepts LLC lifted its stake in shares of CareTrust REIT by 8.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 9,196 shares of the company’s stock valued at $371,000 after acquiring an additional 705 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in CareTrust REIT by 1.0% in the second quarter. NewEdge Advisors LLC now owns 37,934 shares of the company’s stock worth $1,531,000 after buying an additional 362 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings lowered shares of CareTrust REIT from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. BMO Capital Markets lifted their price objective on shares of CareTrust REIT from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. Huntington began coverage on shares of CareTrust REIT in a report on Thursday, September 10th. They set an “outperform” rating and a $44.00 price target for the company. Mizuho set a $45.00 price objective on CareTrust REIT in a research note on Friday, May 22nd. Finally, Zacks Research upgraded shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, CareTrust REIT has an average rating of “Moderate Buy” and an average price target of $44.50.

CareTrust REIT Stock Up 1.3%

Shares of CTRE stock traded up $0.48 during mid-day trading on Tuesday, hitting $38.59. 1,570,223 shares of the stock traded hands, compared to its average volume of 2,527,758. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.57 and a quick ratio of 0.57. The stock’s fifty day moving average is $40.46 and its two-hundred day moving average is $39.71. CareTrust REIT has a 52-week low of $32.79 and a 52-week high of $43.62. The stock has a market cap of $9.12 billion, a P/E ratio of 24.29, a P/E/G ratio of 1.53 and a beta of 0.76.

CareTrust REIT (NYSE:CTRE) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 for the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. Equities analysts predict that CareTrust REIT will post 2.04 EPS for the current year.

About CareTrust REIT

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that owns and manages a portfolio of healthcare-related properties across the United States. The company primarily invests in properties that are leased to healthcare operators under long-term, typically triple-net lease agreements.

CareTrust’s portfolio includes skilled nursing facilities, assisted living facilities, independent living communities, memory care properties and other healthcare-related real estate. Its tenants are responsible for operating the facilities and generally cover property-level expenses such as taxes, insurance and maintenance under the terms of the leases.

CareTrust was established in 2014 through a separation from The Ensign Group, a healthcare services company.