State of Alaska Department of Revenue Purchases 15,545 Shares of CareTrust REIT, Inc. $CTRE

State of Alaska Department of Revenue raised its position in CareTrust REIT, Inc. (NYSE:CTRE) by 10.0% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 170,515 shares of the company’s stock after buying an additional 15,545 shares during the period. State of Alaska Department of Revenue owned about 0.07% of CareTrust REIT worth $6,234,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Persistent Asset Partners Ltd acquired a new position in shares of CareTrust REIT during the second quarter valued at $31,000. Compass Financial Management LLC acquired a new stake in CareTrust REIT during the 2nd quarter worth $34,000. Burnham & Co LLC acquired a new stake in CareTrust REIT during the 2nd quarter worth $61,000. Allworth Financial LP bought a new stake in shares of CareTrust REIT during the 2nd quarter valued at $66,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of CareTrust REIT by 63.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,199 shares of the company’s stock valued at $81,000 after acquiring an additional 850 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

CareTrust REIT Trading Down 0.2%

NYSE:CTRE traded down $0.08 on Friday, reaching $36.51. The company’s stock had a trading volume of 2,241,863 shares, compared to its average volume of 2,664,815. CareTrust REIT, Inc. has a 1-year low of $33.72 and a 1-year high of $43.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market cap of $8.63 billion, a PE ratio of 22.96, a PEG ratio of 1.43 and a beta of 0.75. The business’s 50-day moving average price is $38.14 and its two-hundred day moving average price is $39.30.

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. Equities research analysts anticipate that CareTrust REIT, Inc. will post 2.07 earnings per share for the current fiscal year.

CareTrust REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.56 dividend on an annualized basis and a yield of 4.3%. CareTrust REIT’s payout ratio is presently 98.11%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CTRE shares. Citigroup reissued a “market outperform” rating on shares of CareTrust REIT in a research note on Tuesday. KeyCorp reissued an “overweight” rating on shares of CareTrust REIT in a research note on Tuesday, October 6th. Cantor Fitzgerald boosted their price objective on shares of CareTrust REIT from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Raymond James Financial lowered their target price on shares of CareTrust REIT from $45.00 to $42.00 and set an “outperform” rating for the company in a research note on Monday, October 5th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $43.00 target price on shares of CareTrust REIT in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.71.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a real estate investment trust that owns, acquires, develops, and leases healthcare-related properties. Its portfolio is primarily focused on skilled nursing facilities, assisted living communities, and other post-acute care properties operated by third-party healthcare providers.

The company generally leases its properties under long-term agreements, including triple-net leases, under which tenants are typically responsible for property-level expenses such as taxes, insurance, and maintenance.