HighTower Advisors LLC Reduces Holdings in CareTrust REIT, Inc. $CTRE

HighTower Advisors LLC reduced its position in shares of CareTrust REIT, Inc. (NYSE:CTRE) by 45.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,432 shares of the company’s stock after selling 19,026 shares during the period. HighTower Advisors LLC’s holdings in CareTrust REIT were worth $905,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in CareTrust REIT during the 2nd quarter valued at $8,231,000. California State Teachers Retirement System lifted its holdings in CareTrust REIT by 3,830.4% in the 2nd quarter. California State Teachers Retirement System now owns 10,507,301 shares of the company’s stock worth $423,970,000 after buying an additional 10,239,968 shares in the last quarter. Greenland Capital Management LP lifted its holdings in CareTrust REIT by 23.7% in the 2nd quarter. Greenland Capital Management LP now owns 240,000 shares of the company’s stock worth $9,684,000 after buying an additional 46,000 shares in the last quarter. Readystate Asset Management LP purchased a new position in CareTrust REIT in the 2nd quarter valued at about $249,000. Finally, Ameritas Advisory Services LLC boosted its position in CareTrust REIT by 110.0% in the 2nd quarter. Ameritas Advisory Services LLC now owns 13,207 shares of the company’s stock valued at $533,000 after buying an additional 6,917 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

CareTrust REIT Stock Performance

Shares of CTRE stock opened at $38.06 on Tuesday. The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 1.53 and a beta of 0.76. CareTrust REIT, Inc. has a one year low of $32.79 and a one year high of $43.62. The company’s 50-day simple moving average is $40.46 and its 200-day simple moving average is $39.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.57 and a current ratio of 0.57.

CareTrust REIT (NYSE:CTRE) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, meeting 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 anticipate that CareTrust REIT, Inc. will post 2.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CTRE shares. BMO Capital Markets raised their target price on CareTrust REIT from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Cantor Fitzgerald boosted their price target on CareTrust REIT from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Citigroup reissued a “market outperform” rating on shares of CareTrust REIT in a report on Wednesday, June 10th. Zacks Research upgraded CareTrust REIT from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Mizuho set a $45.00 price objective on CareTrust REIT in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.50.

CareTrust REIT Profile

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.