26,224 Shares in CareTrust REIT, Inc. $CTRE Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in CareTrust REIT, Inc. (NYSE:CTRE) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 26,224 shares of the company’s stock, valued at approximately $1,058,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in CareTrust REIT during the 2nd quarter worth $1,643,290,000. Deutsche Bank AG bought a new stake in shares of CareTrust REIT during the 2nd quarter valued at $143,963,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of CareTrust REIT by 108.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,493,898 shares of the company’s stock valued at $234,820,000 after purchasing an additional 3,379,732 shares during the period. Norges Bank acquired a new position in shares of CareTrust REIT in the 4th quarter valued at $114,810,000. Finally, Bank of New York Mellon Corp bought a new position in shares of CareTrust REIT in the 2nd quarter worth $102,162,000. 87.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CTRE shares. Citigroup reaffirmed a “market outperform” rating on shares of CareTrust REIT in a research note on Wednesday, June 10th. Cantor Fitzgerald increased their target price on CareTrust REIT from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. KeyCorp restated an “overweight” rating and set a $46.00 target price on shares of CareTrust REIT in a report on Friday, May 29th. Weiss Ratings cut CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, August 21st. Finally, Raymond James Financial began coverage on shares of CareTrust REIT in a research report on Tuesday, June 16th. They issued an “outperform” rating and a $43.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.82.

CareTrust REIT Stock Down 1.4%

NYSE:CTRE opened at $39.40 on Friday. CareTrust REIT, Inc. has a 1 year low of $32.79 and a 1 year high of $43.62. The stock has a 50-day moving average price of $40.67 and a two-hundred day moving average price of $39.78. The stock has a market cap of $9.31 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 1.57 and a beta of 0.75. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.27.

CareTrust REIT (NYSE:CTRE) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. CareTrust REIT had a return on equity of 8.52% and a net margin of 62.19%.The company had revenue of $161.35 million for the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. As a group, equities analysts expect that CareTrust REIT, Inc. will post 2.05 earnings per share for the current year.

CareTrust REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, June 30th. CareTrust REIT’s dividend payout ratio (DPR) is 98.11%.

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.