CareTrust REIT, Inc. (NASDAQ:CTRE) Shares Bought by ORG Partners LLC

ORG Partners LLC lifted its position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 221,057.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,481 shares of the real estate investment trust’s stock after buying an additional 15,474 shares during the quarter. ORG Partners LLC’s holdings in CareTrust REIT were worth $419,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CTRE. Newbridge Financial Services Group Inc. purchased a new stake in CareTrust REIT in the 2nd quarter worth approximately $27,000. Blue Trust Inc. grew its position in shares of CareTrust REIT by 178.3% in the third quarter. Blue Trust Inc. now owns 1,205 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 772 shares during the period. Quest Partners LLC acquired a new position in CareTrust REIT in the second quarter valued at $40,000. Versant Capital Management Inc increased its stake in CareTrust REIT by 98.8% in the fourth quarter. Versant Capital Management Inc now owns 1,495 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 743 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its position in CareTrust REIT by 5,527.8% during the third quarter. Loomis Sayles & Co. L P now owns 2,026 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 1,990 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CTRE. Wedbush downgraded shares of CareTrust REIT from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $34.00 to $26.00 in a research note on Thursday, January 2nd. BMO Capital Markets lowered shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $34.00 to $32.00 in a research report on Monday, December 9th. Wells Fargo & Company upgraded shares of CareTrust REIT from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $28.00 to $34.00 in a report on Tuesday, October 1st. Finally, KeyCorp upped their price objective on CareTrust REIT from $27.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $30.67.

CareTrust REIT Trading Down 3.0 %

Shares of CTRE stock opened at $26.12 on Friday. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 36.28, a price-to-earnings-growth ratio of 1.59 and a beta of 1.09. CareTrust REIT, Inc. has a fifty-two week low of $20.10 and a fifty-two week high of $33.15. The firm’s 50 day moving average price is $28.93 and its two-hundred day moving average price is $28.80. The company has a quick ratio of 7.60, a current ratio of 7.60 and a debt-to-equity ratio of 0.16.

CareTrust REIT (NASDAQ:CTRE) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.08). The business had revenue of $77.38 million during the quarter, compared to the consensus estimate of $74.12 million. CareTrust REIT had a return on equity of 5.32% and a net margin of 36.88%. During the same period in the prior year, the business earned $0.35 EPS. On average, analysts anticipate that CareTrust REIT, Inc. will post 1.5 EPS for the current year.

CareTrust REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.16 dividend on an annualized basis and a yield of 4.44%. CareTrust REIT’s payout ratio is currently 161.11%.

CareTrust REIT Profile

CareTrust REIT, Inc’s (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas.