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

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

Other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of CareTrust REIT in the 3rd quarter worth $262,000. Vise Technologies Inc. raised its holdings in shares of CareTrust REIT by 37.2% during the 3rd quarter. Vise Technologies Inc. now owns 31,784 shares of the company’s stock valued at $1,163,000 after buying an additional 8,616 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in CareTrust REIT by 5.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 419,804 shares of the company’s stock worth $15,356,000 after buying an additional 21,852 shares during the last quarter. Park Avenue Securities LLC lifted its position in CareTrust REIT by 26.8% in the 3rd quarter. Park Avenue Securities LLC now owns 9,977 shares of the company’s stock worth $365,000 after buying an additional 2,109 shares during the last quarter. Finally, Verdence Capital Advisors LLC bought a new stake in CareTrust REIT in the 3rd quarter worth approximately $918,000. 87.77% of the stock is currently owned by institutional investors.

CareTrust REIT Trading Up 2.9%

Shares of NYSE CTRE traded up $1.08 during midday trading on Friday, reaching $38.26. The company had a trading volume of 3,345,692 shares, compared to its average volume of 2,559,172. The stock has a market cap of $9.04 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 1.28 and a beta of 0.77. CareTrust REIT, Inc. has a one year low of $34.74 and a one year high of $43.62. The firm’s fifty day moving average price is $37.28 and its 200-day moving average price is $38.98. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.27.

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

CareTrust REIT Announces Dividend

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

Key Stories Impacting CareTrust REIT

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CTRE. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $43.00 target price on shares of CareTrust REIT in a research note on Monday, October 5th. BMO Capital Markets lowered 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. Citigroup reaffirmed a “market outperform” rating on shares of CareTrust REIT in a research note on Tuesday, October 13th. Raymond James Financial reduced their target price on shares of CareTrust REIT from $45.00 to $42.00 and set an “outperform” rating on the stock in a report on Monday, October 5th. Finally, UBS Group reduced their target price on shares of CareTrust REIT from $48.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. One 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.64.

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.