Pensionfund PDN Buys Shares of 41,000 CareTrust REIT, Inc. $CTRE

Pensionfund PDN bought a new position in shares of CareTrust REIT, Inc. (NYSE:CTRE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 41,000 shares of the company’s stock, valued at approximately $1,483,000.

A number of other institutional investors have also made changes to their positions in the stock. Aberdeen Group plc raised its position in CareTrust REIT by 22.1% in the third quarter. Aberdeen Group plc now owns 84,824 shares of the company’s stock valued at $2,911,000 after purchasing an additional 15,374 shares during the period. AGF Management Ltd. purchased a new position in shares of CareTrust REIT during the third quarter worth $538,000. Allspring Global Investments Holdings LLC boosted its position in shares of CareTrust REIT by 31.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 358,025 shares of the company’s stock worth $12,617,000 after buying an additional 85,022 shares during the period. Copeland Capital Management LLC grew its stake in shares of CareTrust REIT by 350.9% in the third quarter. Copeland Capital Management LLC now owns 1,716,101 shares of the company’s stock valued at $59,514,000 after buying an additional 1,335,513 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of CareTrust REIT by 30.0% in the third quarter. Principal Financial Group Inc. now owns 1,235,559 shares of the company’s stock valued at $42,849,000 after buying an additional 285,209 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on CTRE. KeyCorp increased their target price on CareTrust REIT from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Cantor Fitzgerald lifted their target price on CareTrust REIT from $37.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. UBS Group boosted their price target on shares of CareTrust REIT from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Jefferies Financial Group increased their price target 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. 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 given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $42.80.

CareTrust REIT Stock Performance

NYSE:CTRE opened at $37.63 on Tuesday. The firm has a market capitalization of $8.40 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 2.45 and a beta of 0.74. The business’s fifty day moving average price is $38.81 and its 200 day moving average price is $36.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.73. CareTrust REIT, Inc. has a 12 month low of $25.82 and a 12 month high of $41.72.

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 company had revenue of $134.86 million during the quarter. CareTrust REIT had a return on equity of 8.98% and a net margin of 67.28%.CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS.

CareTrust REIT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.39 per share. The ex-dividend date is Tuesday, March 31st. This is a positive change from CareTrust REIT’s previous quarterly dividend of $0.34. This represents a $1.56 annualized dividend and a yield of 4.1%. CareTrust REIT’s dividend payout ratio (DPR) is presently 86.45%.

About CareTrust REIT

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.