Lighthouse Investment Partners LLC Decreases Stock Holdings in CareTrust REIT, Inc. $CTRE

Lighthouse Investment Partners LLC reduced its position in shares of CareTrust REIT, Inc. (NYSE:CTRE) by 28.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 196,000 shares of the company’s stock after selling 77,000 shares during the period. Lighthouse Investment Partners LLC’s holdings in CareTrust REIT were worth $6,797,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in CareTrust REIT by 14.1% during the 3rd quarter. Vanguard Group Inc. now owns 32,973,216 shares of the company’s stock valued at $1,143,511,000 after purchasing an additional 4,067,975 shares during the period. State Street Corp raised its position in CareTrust REIT by 2.1% during the 2nd quarter. State Street Corp now owns 10,929,194 shares of the company’s stock valued at $338,026,000 after purchasing an additional 225,460 shares during the last quarter. Geode Capital Management LLC lifted its holdings in CareTrust REIT by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 5,003,751 shares of the company’s stock worth $153,132,000 after buying an additional 84,904 shares during the period. Invesco Ltd. lifted its holdings in CareTrust REIT by 201.8% in the 2nd quarter. Invesco Ltd. now owns 3,772,350 shares of the company’s stock worth $115,434,000 after buying an additional 2,522,260 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in shares of CareTrust REIT by 114.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,238,307 shares of the company’s stock worth $112,305,000 after buying an additional 1,728,043 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

CareTrust REIT Stock Performance

Shares of CareTrust REIT stock opened at $40.16 on Tuesday. CareTrust REIT, Inc. has a 12 month low of $25.82 and a 12 month high of $41.72. The firm has a market capitalization of $8.96 billion, a P/E ratio of 25.91, a P/E/G ratio of 2.72 and a beta of 0.74. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $38.67 and a two-hundred day simple moving average of $36.61.

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

CareTrust REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.9%. This is a boost from CareTrust REIT’s previous quarterly dividend of $0.34. The ex-dividend date is Tuesday, March 31st. CareTrust REIT’s dividend payout ratio is currently 86.45%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CTRE shares. Jefferies Financial Group boosted their target price on CareTrust REIT from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, December 15th. KeyCorp raised their price target on CareTrust REIT from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. The Goldman Sachs Group set a $44.00 price target on shares of CareTrust REIT in a report on Thursday, January 22nd. Wells Fargo & Company boosted their price objective on shares of CareTrust REIT from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. Finally, Citizens Jmp initiated coverage on shares of CareTrust REIT in a report on Thursday, January 22nd. They issued a “market outperform” rating and a $44.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CareTrust REIT presently has a consensus rating of “Buy” and an average price target of $42.80.

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.