M&T Bank Corp Buys New Shares in CareTrust REIT, Inc. $CTRE

M&T Bank Corp bought a new stake in CareTrust REIT, Inc. (NYSE:CTRE) during the fourth quarter, HoldingsChannel reports. The fund bought 24,706 shares of the company’s stock, valued at approximately $894,000.

A number of other institutional investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. increased its stake in CareTrust REIT by 0.7% in the fourth quarter. D.A. Davidson & CO. now owns 40,781 shares of the company’s stock valued at $1,475,000 after acquiring an additional 282 shares during the last quarter. Heritage Wealth Advisors grew its holdings in shares of CareTrust REIT by 42.9% during 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 last quarter. Tocqueville Asset Management L.P. grew its holdings in shares of CareTrust REIT by 2.8% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 10,900 shares of the company’s stock valued at $378,000 after purchasing an additional 300 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of CareTrust REIT by 13.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,615 shares of the company’s stock valued at $91,000 after purchasing an additional 309 shares during the last quarter. Finally, GF Fund Management CO. LTD. grew its holdings in shares of CareTrust REIT by 10.8% during the 3rd quarter. GF Fund Management CO. LTD. now owns 3,668 shares of the company’s stock valued at $127,000 after purchasing an additional 358 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

CTRE has been the topic of several recent research reports. Citizens Jmp initiated coverage on shares of CareTrust REIT in a report on Thursday, January 22nd. They set a “market outperform” rating and a $44.00 target price on the stock. Citigroup initiated coverage on shares of CareTrust REIT in a report on Thursday, January 22nd. They set a “market outperform” rating on the stock. The Goldman Sachs Group set a $44.00 target price on shares of CareTrust REIT in a report on Thursday, January 22nd. Wells Fargo & Company increased their target price on shares of CareTrust REIT from $41.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, March 26th. Finally, UBS Group increased their target price on shares of CareTrust REIT from $44.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $42.82.

CareTrust REIT Price Performance

Shares of CareTrust REIT stock opened at $41.49 on Monday. The firm has a market cap of $9.80 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 2.75 and a beta of 0.77. CareTrust REIT, Inc. has a 12-month low of $27.72 and a 12-month high of $41.72. The company has a quick ratio of 2.37, a current ratio of 2.38 and a debt-to-equity ratio of 0.22. The company’s fifty day simple moving average is $38.97 and its two-hundred day simple moving average is $37.69.

CareTrust REIT (NYSE:CTRE) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $134.86 million for the quarter. CareTrust REIT had a net margin of 64.10% and a return on equity of 8.65%. CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS. As a group, equities analysts expect that CareTrust REIT, Inc. will post 2 EPS for the current year.

CareTrust REIT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.39 dividend. This is a boost from CareTrust REIT’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.56 dividend on an annualized basis and a yield of 3.8%. CareTrust REIT’s payout ratio is 85.90%.

CareTrust REIT Company 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.