JPMorgan Chase & Co. Increases Holdings in CareTrust REIT, Inc. $CTRE

JPMorgan Chase & Co. increased its position in CareTrust REIT, Inc. (NYSE:CTRE) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,442,168 shares of the company’s stock after buying an additional 20,580 shares during the quarter. JPMorgan Chase & Co. owned 0.65% of CareTrust REIT worth $50,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in CareTrust REIT by 14.1% during the third quarter. Vanguard Group Inc. now owns 32,973,216 shares of the company’s stock valued at $1,143,511,000 after acquiring an additional 4,067,975 shares during the last quarter. State Street Corp lifted its holdings in shares of CareTrust REIT by 11.7% in the 3rd quarter. State Street Corp now owns 12,206,572 shares of the company’s stock worth $427,336,000 after acquiring an additional 1,277,378 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of 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 acquiring an additional 2,522,260 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake 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 valued at $112,305,000 after purchasing an additional 1,728,043 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its stake in shares of CareTrust REIT by 19.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 3,116,292 shares of the company’s stock valued at $108,073,000 after purchasing an additional 509,298 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

CareTrust REIT Stock Down 7.4%

Shares of CareTrust REIT stock opened at $36.36 on Friday. 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. The company’s 50 day moving average price is $38.81 and its 200-day moving average price is $36.70. The stock has a market capitalization of $8.12 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 2.66 and a beta of 0.74.

CareTrust REIT (NYSE:CTRE) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $134.86 million during 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.3%. This is a positive change from CareTrust REIT’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Tuesday, March 31st. CareTrust REIT’s payout ratio is currently 86.45%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CTRE. Jefferies Financial Group lifted their target price on shares of CareTrust REIT from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Citigroup assumed coverage on shares of CareTrust REIT in a research report on Thursday, January 22nd. They set a “market outperform” rating for the company. Weiss Ratings raised CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, January 26th. Wells Fargo & Company lifted their price objective on CareTrust REIT from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. Finally, BMO Capital Markets raised CareTrust REIT from a “hold” rating to an “outperform” rating and set a $43.00 target price for the company in a research note on Friday, January 9th. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price 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.