CareTrust REIT, Inc. $CTRE Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its holdings in CareTrust REIT, Inc. (NYSE:CTRE) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 436,294 shares of the company’s stock after purchasing an additional 37,192 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in CareTrust REIT were worth $15,776,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CTRE. Vanguard Group Inc. grew its stake in CareTrust REIT by 14.1% in the 3rd quarter. Vanguard Group Inc. now owns 32,973,216 shares of the company’s stock worth $1,143,511,000 after acquiring an additional 4,067,975 shares during the period. Hudson Bay Capital Management LP raised its holdings in CareTrust REIT by 713.4% in the 3rd quarter. Hudson Bay Capital Management LP now owns 1,710,528 shares of the company’s stock valued at $59,321,000 after acquiring an additional 1,989,394 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in CareTrust REIT by 114.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,238,307 shares of the company’s stock valued at $112,305,000 after acquiring an additional 1,728,043 shares during the last quarter. Copeland Capital Management LLC raised its holdings in CareTrust REIT by 350.9% in the 3rd quarter. Copeland Capital Management LLC now owns 1,716,101 shares of the company’s stock valued at $59,514,000 after acquiring an additional 1,335,513 shares during the last quarter. Finally, State Street Corp raised its holdings in CareTrust REIT by 11.7% in the 3rd quarter. State Street Corp now owns 12,206,572 shares of the company’s stock valued at $427,336,000 after acquiring an additional 1,277,378 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

CareTrust REIT Stock Down 0.5%

Shares of CTRE opened at $39.52 on Friday. The firm has a market cap of $8.82 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 2.66 and a beta of 0.77. The company’s fifty day moving average is $39.21 and its two-hundred day moving average is $37.22. CareTrust REIT, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $41.72. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.22.

CareTrust REIT (NYSE:CTRE) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. CareTrust REIT had a net margin of 67.28% and a return on equity of 8.98%. The company had revenue of $134.86 million for the quarter. CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS.

CareTrust REIT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.9%. This is a boost from CareTrust REIT’s previous quarterly dividend of $0.34. CareTrust REIT’s payout ratio is 86.45%.

Analysts Set New Price Targets

Several research analysts have weighed in on CTRE shares. Citigroup started coverage on CareTrust REIT in a report on Thursday, January 22nd. They issued a “market outperform” rating for the company. Weiss Ratings upgraded CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, January 26th. BMO Capital Markets upgraded CareTrust REIT from a “hold” rating to an “outperform” rating and set a $43.00 price target for the company in a report on Friday, January 9th. Mizuho started coverage on CareTrust REIT in a report on Thursday, April 2nd. They issued an “outperform” rating and a $42.00 price target for the company. Finally, Citizens Jmp initiated coverage on CareTrust REIT in a report on Thursday, January 22nd. They issued a “market outperform” rating and a $44.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $42.82.

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.