Schroder Investment Management Group Acquires 410,532 Shares of CareTrust REIT, Inc. $CTRE

Schroder Investment Management Group increased its holdings in shares of CareTrust REIT, Inc. (NYSE:CTRE) by 113.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 771,211 shares of the company’s stock after purchasing an additional 410,532 shares during the quarter. Schroder Investment Management Group owned approximately 0.35% of CareTrust REIT worth $26,210,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted 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 buying an additional 644 shares in the last quarter. Heritage Wealth Advisors grew 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 acquiring an additional 300 shares in the last quarter. Farther Finance Advisors LLC increased 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 valued at $52,000 after acquiring an additional 640 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of CareTrust REIT in the third quarter valued at about $54,000. Finally, State of Wyoming bought a new stake in CareTrust REIT during the third quarter worth about $65,000. Institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

CTRE has been the subject of several recent research reports. Citizens Jmp began coverage on CareTrust REIT in a research report on Thursday, January 22nd. They set a “market outperform” rating and a $44.00 price target for the company. Wells Fargo & Company boosted their price target on CareTrust REIT from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 25th. Jefferies Financial Group upped their price objective on CareTrust REIT from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. BMO Capital Markets raised CareTrust REIT from a “hold” rating to an “outperform” rating and set a $43.00 price objective for the company in a report on Friday, January 9th. Finally, Weiss Ratings raised shares of CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, January 26th. Three analysts have rated the stock with a Strong Buy rating, seven have issued 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 an average rating of “Buy” and a consensus target price of $41.27.

CareTrust REIT Trading Up 0.8%

CareTrust REIT stock opened at $40.09 on Friday. The stock has a 50-day simple moving average of $38.51 and a 200 day simple moving average of $36.50. The stock has a market capitalization of $8.95 billion, a P/E ratio of 25.86, a PEG ratio of 2.70 and a beta of 0.74. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.73 and a current ratio of 1.73. CareTrust REIT, Inc. has a 52 week low of $25.82 and a 52 week high of $41.72.

CareTrust REIT (NYSE:CTRE) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. CareTrust REIT had a return on equity of 8.98% and a net margin of 67.28%.The firm had revenue of $134.86 million for the quarter. CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS.

CareTrust REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.335 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.34 annualized dividend and a yield of 3.3%. CareTrust REIT’s dividend payout ratio (DPR) 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.