CareTrust REIT, Inc. $CTRE Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in CareTrust REIT, Inc. (NYSE:CTRE) by 9.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 228,507 shares of the company’s stock after selling 24,631 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.10% of CareTrust REIT worth $8,359,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in CareTrust REIT during the second quarter worth $1,643,290,000. Deutsche Bank AG bought a new position in shares of CareTrust REIT during the second quarter valued at about $143,963,000. Bank of New York Mellon Corp bought a new position in shares of CareTrust REIT during the second quarter valued at about $102,162,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in CareTrust REIT by 35,170.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,411,896 shares of the company’s stock worth $56,970,000 after purchasing an additional 1,407,893 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in CareTrust REIT during the second quarter worth about $46,866,000. Institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CTRE shares. UBS Group cut their target price on CareTrust REIT from $48.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, October 13th. Huntington began coverage on CareTrust REIT in a research note on Thursday, September 10th. They issued an “outperform” rating and a $44.00 price objective for the company. Wells Fargo & Company lowered their target price on CareTrust REIT from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. JPMorgan Chase & Co. began coverage on shares of CareTrust REIT in a report on Friday, October 16th. They issued a “neutral” rating and a $41.00 price target on the stock. Finally, BMO Capital Markets decreased their price objective on shares of CareTrust REIT from $47.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.64.

CareTrust REIT Price Performance

Shares of CTRE stock traded up $1.08 during trading hours on Friday, reaching $38.26. The stock had a trading volume of 3,345,692 shares, compared to its average volume of 2,559,172. The stock’s fifty day simple moving average is $37.28 and its 200 day simple moving average is $38.98. 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, Inc. has a 12 month low of $34.74 and a 12 month high of $43.62. The firm has a market capitalization of $9.04 billion, a PE ratio of 24.06, a PEG ratio of 1.28 and a beta of 0.77.

CareTrust REIT (NYSE:CTRE) last posted its earnings results on Thursday, November 5th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The business had revenue of $176.36 million for the quarter. CareTrust REIT had a net margin of 62.19% and a return on equity of 8.52%. On average, equities research analysts predict that CareTrust REIT, Inc. will post 2.07 EPS for the current year.

CareTrust REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Wednesday, September 30th. CareTrust REIT’s dividend payout ratio (DPR) is 98.11%.

Key CareTrust REIT News

Here are the key news stories impacting CareTrust REIT this week:

• Positive Sentiment: Third-quarter FFO was $0.54 per share, above the $0.52 consensus and up from $0.45 a year earlier. Revenue reached $176.4 million, also topping estimates cited in the reports. The earnings and revenue beats support the case for improving performance. CareTrust REIT Q3 FFO and Revenues Beat Estimates
• Positive Sentiment: CareTrust projected 2026 normalized FFO of $2.08–$2.09 per share. The outlook offers investors a forward earnings benchmark; the company also expects LNT conversions to RIDEA to begin in 2027. CareTrust projects 2026 normalized FFO per share
• Neutral Sentiment: CareTrust was included among five REITs highlighted for generous dividends after favorable third-quarter results. This may reinforce its appeal to income-focused investors, though the article does not report a dividend increase. 5 REIT Stocks With Generous Dividends to Consider After Q3 Earnings

CareTrust REIT Company Profile

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that owns, acquires, and manages properties used by healthcare providers. Its portfolio primarily includes skilled nursing facilities, assisted living communities, independent living facilities, and other senior housing and healthcare-related properties.

The company generally leases its properties to healthcare operators under long-term, often triple-net lease agreements. Under these arrangements, tenants typically assume responsibility for property-level expenses such as taxes, insurance, and maintenance, while CareTrust focuses on owning and managing the underlying real estate and supporting its operating partners.

CareTrust was formed in 2014 through the spin-off of healthcare properties from The Ensign Group.