47,700 Shares in CareTrust REIT, Inc. $CTRE Purchased by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board acquired a new position in CareTrust REIT, Inc. (NYSE:CTRE) during the second quarter, HoldingsChannel reports. The institutional investor acquired 47,700 shares of the company’s stock, valued at approximately $1,925,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CTRE. Kemnay Advisory Services Inc. bought a new stake in shares of CareTrust REIT in the 4th quarter worth approximately $27,000. Persistent Asset Partners Ltd bought a new position in CareTrust REIT during the 2nd quarter valued at approximately $31,000. Transamerica Financial Advisors LLC increased its position in CareTrust REIT by 520.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock valued at $32,000 after buying an additional 728 shares in the last quarter. Compass Financial Management LLC bought a new position in CareTrust REIT during the 2nd quarter valued at approximately $34,000. Finally, EverSource Wealth Advisors LLC raised its stake in CareTrust REIT by 134.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock valued at $34,000 after buying an additional 644 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

CareTrust REIT Stock Performance

Shares of NYSE CTRE opened at $39.02 on Monday. The firm’s 50-day moving average price is $40.71 and its 200-day moving average price is $39.78. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.27. The company has a market cap of $9.22 billion, a PE ratio of 24.54, a PEG ratio of 1.54 and a beta of 0.75. CareTrust REIT, Inc. has a 52-week low of $32.79 and a 52-week high of $43.62.

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

CareTrust REIT Announces Dividend

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

Analyst Upgrades and Downgrades

CTRE has been the topic of a number of recent research reports. BMO Capital Markets increased their target price on CareTrust REIT from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. Citigroup reaffirmed a “market outperform” rating on shares of CareTrust REIT in a research report on Wednesday, June 10th. Zacks Research upgraded shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Cantor Fitzgerald increased their price objective on shares of CareTrust REIT from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Finally, Royal Bank Of Canada downgraded shares of CareTrust REIT from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $44.00 to $43.00 in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.82.

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.